D.C. Mun. Regs. tit. 26-C, § 1199
1199.1
For the purpose of this chapter, the following terms have the meaning ascribed:
Applicant - a person filing an application for a license, a renewal license, or a change in control under the Act, for an individual office location.
Commissioner - the Commissioner of the Department of Insurance, Securities and Banking.
Department - the Department of Insurance, Securities and Banking.
Fair Credit Reporting Act - 15 USC §§ 1681 et seq. and implementing rules and regulations.
Lock-in agreement - an agreement that guarantees an interest rate during a specified period.
Mortgage Dual Authority licensee - a licensee with both a mortgage lender and a mortgage broker license.
Mortgage Servicer - a person who engages in the business of servicing mortgage loans for others or collecting or otherwise receiving mortgage loan payments directly from borrowers for distribution to any other person.
RESPA - the Real Estate Settlement Procedures Act (12 USC §§ 2601 et seq.) and implementing rules and regulations.
Sponsor or Sponsoring Agent - The District licensed mortgage lender or mortgage broker with whom the mortgage loan originator is employed or associated.
TILA - the Truth In Lending Act (15 USC §§ 1601 et seq.) and implementing rules and regulations.
SOURCE: Final Rulemaking published at 56 DCR 4356, 4377-4378 (June 5, 2009), as amended by Final Rulemaking published at 56 DCR 7457, 7461 (September 11, 2009); as amended by Notice of Emergency and Proposed Rulemaking published at 57 DCR 7908 (August 27, 2010)[EXPIRED]; as amended by Notice of Final Rulemaking published at 57 DCR 12219, 12221 (December 24, 2010).
| Mortgage Loan Originator License | Mortgage Broker License | Mortgage Lender License | Mortgage Dual Authority License | |
|---|---|---|---|---|
| DISB Initial Application Fee | $300 + NMLSR Fee | $1,100 + NMLSR Fee | $1,200 + NMLSR Fee | $1,300 + NMLSR Fee |
| DISB Renewal Application Fee | $300 + NMLSR Fee | $900 + NMLSR Fee | $1,000 + NMLSR Fee | $1,200 + NMLSR Fee |
|---|---|---|---|---|
| DISB Amendment Fee | $100 | $100 | $100 | $100 |
| DISB Late Fee | $300 | $300 | $ 300 | $300 |
| DISB Reinstatement Fee | $400 | $400 | $ 400 | $400 |
| DISB Acquisition of Control Fee | n/a | $500 | $500 | $500 |
| DISB Annual Assessment Fee | n/a | $400 + $6.60 per loan | $800 + $6.60 per loan | $1,200 + $ 6.60 per loan |
| DISB Examination Fee | $400 per examiner day | $400 per examiner day | $400 per examiner day | $400 per examiner day |