32-9-109. Experience requirements.
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/mt/title-32/chapter-9/part-1/32-9-109·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-9-109 . Experience requirements.
(1)An individual may not act as a designated manager without a minimum of 3 years of experience working as a mortgage loan originator or in a related field.
(2)An individual may not act as a responsible individual without a minimum of 1 1/2 years of experience working as a mortgage loan originator or in a related field.
(3)The department shall by rule establish what constitutes work in a related field. (See part compiler's comment regarding contingent suspension.)