| A person desiring to engage or continue in business in this |
| State as a loan broker shall apply to the administrator for a |
| license under this article on or before January 31st of each |
| even-numbered year.__The application must be in a form prescribed |
| by the administrator.__The administrator may refuse the |
| application if it contains erroneous or incomplete information.__ |
| At the time of application and on an ongoing basis during the |
| term of any such license, the applicant shall apply to the |
| administrator for registration of all loan officers employed or |
| retained by the applicant.__An application for registration as a |
| loan officer must be filed in a manner prescribed by the |
| administrator and include the name, address and work location of |
| the loan officer and such additional information as is reasonably |
| requested by the administrator.__An applicant's registration of a |
| loan officer within 90 days of the date that registration would |
| otherwise be required does not constitute a violation of this |
| section.__A license may not be issued unless the administrator, |
| upon investigation, finds that the financial responsibility, |
| character and fitness of the applicant and, where applicable, its |
| partners, officers or directors and the character and fitness of |
| its loan officers, warrant belief that the business will be |
| operated honestly and fairly within the purposes of this Title.__ |
| The administrator may adopt rules requiring that applicants, |
| applicants' partners, officers or directors and employees of |
| applicants satisfy initial and continuing educational |
| requirements.__The reasonable costs of meeting such educational |
| requirements are |
| assessed to applicants.__Rules adopted pursuant |
