54-14-12.4. Registered mortgage loan originator defined.

For the purposes of this chapter, the term, registered mortgage loan originator, means any individual who:

(1)    Meets the definition of mortgage loan originator and is an employee of:

(a)    A depository institution;

(b)    A subsidiary that is owned and controlled by a depository institution and regulated by a federal banking agency; or

(c)    An institution regulated by the Farm Credit Administration; and

(2)    Is registered with, and maintains a unique identifier through, the nationwide mortgage licensing system and registry.

Source: SL 2009, ch 251, § 5.