81-18-49 - Grandfather provisions [Repealed effective July 1, 2010].
§ 81-18-49. Grandfather provisions [Repealed effective July 1, 2010].
Notwithstanding any provisions of this chapter to the contrary, mortgage companies engaging in business on or before June 1, 2000, shall be duly licensed by the department after submitting not later than January 1, 2001, the required documents and fees provided in Sections 81-18-9 and 81-18-15. However, upon the expiration of the initial licenses for such mortgage companies, the department shall renew the licenses only if the mortgage companies satisfy all of the provisions of this chapter.
Sources: Laws, 2000, ch. 579, § 25, eff from and after July 1, 2000; reenacted without change, Laws, 2002, ch. 500, § 27; reenacted without change, Laws, 2004, ch. 364, § 27; reenacted without change, Laws, 2007, ch. 581, § 28, eff from and after July 1, 2007.