N.Y. Comp. Codes R. & Regs. tit. 3, § 420.6 – Notice of approval or denial of application; license; and internet listing.

(a) Upon licensing any applicant as an MLO, the superintendent shall:
1. (1) transmit notice of approval, in such form as the superintendent deems appropriate, to the originating entity that currently employs the MLO, or for which the MLO is an independent contractor;
2. (2) issue a license attesting to such approval;
3. (3) transmit one copy of such license to the applicant; and
4. (4) file another copy of such license in his or her office.
(b) The superintendent shall maintain upon the department’s website (www.dfs.ny.gov) a list of licensed MLOs. The list shall indicate the following:
1. (1) name of the MLO;
2. (2) license number of the MLO; and
3. (3) the originating entity that currently employs the MLO, or for which the MLO is an independent contractor.
(c) A license issued pursuant to article 12-E of the Banking Law is not transferable.
(d) The superintendent must deny an application unless he or she finds that the applicant possesses the general character and fitness, the education qualifications, pre-license test results, bond requirements, absence of felony convictions, and other factors set forth in section 599-e of the Banking Law. In making such determination the superintendent may consider all relevant factors, including but not limited to, employment history; educational background; financial responsibility; history of complaints or consumer abuse relating to real estate transactions; regulatory fines and enforcement actions; revocation, suspension or denial of licenses, certifications, authorizations or registrations in this State or any other state.
(e) Upon denying an application for a license as an MLO, the superintendent shall notify, in writing, the applicant and the originating entity with which the applicant is employed or affiliated that the application was denied and that the applicant may not engage in mortgage loan originating in this State.