RULEMAKING AUTHORITY

A rulemaking authority may adopt rules establishing requirements as necessary for: (1) conducting background checks by obtaining: (A) criminal history information through fingerprint or other databases; (B) civil administrative records; (C) credit history information; or (D) any other information considered necessary by the Nationwide Mortgage Licensing System and Registry; (2) payment of fees to apply for or renew licenses through the Nationwide Mortgage Licensing System and Registry; (3) setting or resetting, as necessary, license renewal dates or reporting periods; (4) amending or surrendering a license or any other activity a regulatory official considers necessary for participation in the Nationwide Mortgage Licensing System and Registry; and (5) investigation and examination authority for purposes of investigating a violation or complaint arising under this chapter or for purposes of examining, reviewing, or investigating any license holder or individual subject to this chapter.