As Amended
SEC. 81-18-17. License to state name, address, and principle place of business of license; license to be displayed in conspicuous place; license non-transferable and non-assignable; notification to department of change in address, location, officers, etc.; department approval required for opening of branch office. [Repealed effective July 1, 2005].
(1) Each license issued under this act shall state the address of the licensee's principal place of business * * * and the name of the licensee.
(2) A licensee shall post a copy of the license in a conspicuous place in each place of business of the licensee.
(3) A license may not be transferred or assigned.
(4) No licensee shall transact business under any name other than that designated in the license.
(5) Each licensee shall notify the department, in writing, of any change in the address of its principal place of business or of any additional location of business or any change of officer, director or principal of the licensee within thirty (30) days of the change.
(6) No licensee shall open a branch office in this state or a branch office outside this state from which the licensee has direct contact with Mississippi consumers regarding origination or brokering Mississippi property, without prior approval of the department. An application for any branch office shall be made in writing on a form prescribed by the department, which shall include at least evidence of compliance with subsection (1) of Section 81-18-25 as to that branch and shall be accompanied by payment of a nonrefundable application fee of One Hundred Dollars ($100.00). The application shall be approved unless the department finds that the applicant has not conducted business under this act in accordance with law. The application shall be deemed approved if notice to the contrary has not been mailed by the department to the applicant within thirty (30) days of the date that the application is received by the department. After approval, the applicant shall give written notice to the department within ten (10) days of the commencement of business at the branch office.
SOURCES: Laws, 2000, Ch.579, §9, SB3100; Laws, 2002, ch. 500, § 10, HB 1522, eff from and after July 1, 2002.
PREVIOUS VERSIONS: Pre-2002.