Contents 454M-1 Definitions 454M-2 License required 454M-2.5 Unlicensed foreclosure actions voided 454M-3 Exemptions 454M-4 License; fees; renewals; voluntary surrender of license 454M-4.5 Registration with NMLS 454M-5 Duties of a mortgage servicer; disclosures; good faith 454M-6 Prohibited activities 454M-7 License sanctions; suspension, revocation, denial, condition, and refusal to renew, reinstate, or restore 454M-8 Powers of commissioner 454M-8.5 Investigation and examination authority 454M-9 Private right of action 454M-10 Penalty 454M-11 Compliance resolution fund

     §454M-2  License required.  (a)  No person except those exempted under this chapter shall engage in the business of mortgage servicing without a license as provided in this chapter.

     (b)  No person shall engage in the business of mortgage servicing in this State unless the person providing services has a physical presence in the State pursuant to section 454M-5(a)(5).

     (c)  No person licensed as a mortgage servicer shall provide mortgage loan modifications or any other services that would require licensing pursuant to chapter 454F without first complying with the licensure requirements under chapter 454F. [L 2009, c 106, pt of §1; am L 2011, c 48, §8; am L 2012, c 245, §3]