443.885. Report to be filed with director annually, contents.
Report to be filed with director annually, contents.
443.885. On or before March first of each year, each residentialmortgage loan broker, except exempt persons shall file a report with thedirector which shall disclose the following information with respect to theimmediately preceding calendar year:
(1) A list of home mortgages granted, issued, originated or closedduring the report period, with respect to which such licensee has had anyconnection. The list shall show for each census tract, in regions wheresuch census tracts have been established and by zip code in all otherregions, the number and aggregate dollar amount of applications for and thenumber granted and aggregate dollar amount of:
(a) Conventional mortgage loans;
(b) Mortgage loans insured under the National Housing Act, 12 U.S.C.1701, et seq.; and
(c) Mortgage loans guaranteed under the provisions of the FederalVeterans' Benefits Act, 38 U.S.C. 3710, et seq.;
(2) List by zip code in those areas having no census tract:
(a) The total number of home mortgages on real estate situated inthis state with respect to which the licensee has had any connection andwhich are in default on the last day of the reporting period; and
(b) The total number of claims paid during the reporting period onhome mortgages with respect to which the licensee has had any connection,including the date of the first default thereon and the date each suchforeclosure proceeding was instituted;
(3) If the director finds that another report that the licensee isrequired to compile is equivalent to the annual report of mortgageactivity, then the director may accept such report as fulfilling thereporting requirements of this section;
(4) The director may also require by rule that licensees report suchadditional information as is necessary to assure compliance with theprovisions of sections 443.701 to 443.893.
(L. 1994 S.B. 718 § 30, A.L. 1995 H.B. 63, et al., A.L. 2009 H.B. 382)Effective 7-08-09