(a) The finance lender or broker license must state the name of the licensee, and if the licensee is a partnership, the names of its general partners, and if a corporation or an association, the date and place of its incorporation or organization, and the address of the licensee’s principal business location. On the approval and licensing of a location pursuant to sections 782 or 787, the Board shall issue an original license endorsed to show the address of the authorized location and, if applicable, the name of the subsidiary corporation licensed to operate the location. The license must state whether the licensee is licensed as a finance lender or a finance broker.
(b) An application for a license for a business location outside this Territory constitutes an agreement by the applicant to do all of the following:(1) Make the licensee’s books, accounts, papers, records, and files mortgage lender to the Banking Board in this Territory.(2) Pay the reasonable expenses for travel, meals, and lodging of the Board or the Board’s representatives incurred during any investigation or examination made at the licensee’s location outside this Territory.
(1) Make the licensee’s books, accounts, papers, records, and files mortgage lender to the Banking Board in this Territory.
(2) Pay the reasonable expenses for travel, meals, and lodging of the Board or the Board’s representatives incurred during any investigation or examination made at the licensee’s location outside this Territory.
(c) A licensee located outside this territory is not required to maintain books and records regarding licensed loans separate from those for other loans if the licensed loans can be readily identified.