Contents of license; nontransferable (a) A license shall state the address at which a licensee will conduct its business, shall state fully the name of the licensee, and, if the licensee is not an individual, shall state the date and place of its organization or incorporation. (b) A mortgage loan originator license shall state fully the name of the individual, his or her sponsoring company, and the licensed location to which he or she is assigned. (c) A licensee shall not transfer or assign a license.(d) The Commissioner, in his or her discretion, may issue a license through the NMLS. (Added 2019, No. 20, § 2; amended 2021, No. 25, § 6, eff. May 12, 2021.) § 2105. Contents of license; nontransferable (a) A license shall state the address at which a licensee will conduct its business, shall state fully the name of the licensee, and, if the licensee is not an individual, shall state the date and place of its organization or incorporation. (b) A mortgage loan originator license shall state fully the name of the individual, his or her sponsoring company, and the licensed location to which he or she is assigned. (c) A licensee shall not transfer or assign a license.(d) The Commissioner, in his or her discretion, may issue a license through the NMLS. (Added 2019, No. 20, § 2; amended 2021, No. 25, § 6, eff. May 12, 2021.)
Vermont Legal Code