04 NCAC 03M .0204. EXPERIENCE

Latest version.

As used in G.S. 53-244.050(b)(2), a person is considered to have acquired "experience in residential mortgage lending" during any documented period in which:

(1) that person's employment income was principally derived from employment in the mortgage lending, mortgage servicing, or mortgage brokerage industry; and

(2) that person had actual responsibility for job functions in each area of study included in a prelicensing education program.

History Note: Authority G.S. 244-118;

Eff. April 1, 2003;

Amended Eff. May 1, 2010; April 1, 2008.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');