1. (1) paying the annual renewal fee;
2. (2) submitting an annual request for renewal during the renewal period announced by the superintendent and available on the department's website (www.dfs.ny.gov). Applicants shall submit renewal applications electronically through the NMLS. The form of renewal applicable will be available on the website of the NMLS and will also be available on the website of the department; and

3. (3) providing evidence that the requisite continuing education courses have been completed.

   (d) License not transferable.

   A license as an MLO shall not be transferable or assignable.

(a) Application for initial license.

Any individual seeking an initial license as an MLO shall submit an application for initial license. The application shall be sworn to or affirmed by the applicant and submitted in such form and in such manner as may be prescribed by the superintendent. Applicants will be required to submit certain parts of an application electronically through the NMLS. Certain information must be submitted by mail to the department at the address set forth in Supervisory Policy G 1 of this Title.

The application form prescribed by the superintendent and instructions on how to use the NMLS will be available on the department's website (www.dfs.ny.gov) or in links provided in the department's website.

(b) Request for annual renewal required.

An MLO seeking annual renewal of a license shall submit a request for renewal. The annual renewal request shall be sworn to or affirmed by the MLO and submitted in such form and in such manner as may be prescribed by the superintendent.

(c) Expiration date, renewal request period.

All licenses and renewals issued by the superintendent under the provisions of article 12-E of the Banking Law shall expire annually on the annual expiration date; provided that the license maybe renewed for an additional year by: