2945.3. Effect of Prior Felony Conviction on Mortgage Loan Originator License Endorsement Application.
A conviction for any felony within seven (7) years of a real estate licensee's application for a mortgage loan originator
license endorsement is cause for denial of the application. A felony conviction at any time in the applicant's personal
history where such felony involved an act of fraud, dishonesty, a breach of trust, or money laundering is cause for denial
of the application. These restrictions constitute a ban on the real estate licensee's ability to apply for a license
endorsement. These restrictions are not subject to mitigation or rehabilitation.
2945.4. Disciplinary Process Uniformity: Real Estate License and Mortgage Loan Originator License
Endorsement.
The Bureau will apply parallel standards and process to mortgage loan originator license endorsements as the Real
Estate Law and Regulations of the Real Estate Commissioner apply to real estate licenses with regard to disciplinary
procedure, voluntary surrender of license, statute of limitations, and jurisdiction over lapsed and suspended licenses.
Article 19. Escrows