§454M-8 Powers of commissioner.
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§454M-8 Powers of commissioner. In addition to any other acts or conditions provided by law, the commissioner may:
(1)Adopt, amend, or repeal rules, issue declaratory rulings or informal nonbinding interpretations, and investigate and act upon written consumer complaints;
(2)Grant, deny, forfeit, renew, reinstate, or restore the license of any mortgage servicer;
(3)Revoke, suspend, or otherwise limit the license of any mortgage servicer for any violation of the provisions in this chapter, or any rule or order of, or agreement with the commissioner;
(4)Issue orders to cease and desist and enter into consent orders;
(5)Report any violation of this chapter or violation of federal or state law to the Consumer Financial Protection Bureau or other federal agency having jurisdiction over the licensee;
(6)Investigate and conduct hearings regarding any violation of this chapter, or any rule or order of or agreement with the commissioner; and
(7)Do any and all things necessary or incidental to the exercise of the commissioner's power and duties, including the authority to conduct contested case proceedings under chapter 91. [L 2009, c 106, pt of §1; am L 2013, c 92, §5; am L 2019, c 75, §4]