Section 599-M. Required records and reporting

1. Educational records. Each
  originating entity shall obtain and retain acceptable  documentation  of
  the  satisfactory  completion  of education courses required pursuant to
  this article by each mortgage loan originator employed by or  affiliated
  with such originating entity and shall provide such documentation at the
  request  of  the superintendent. Such documentation shall be retained by
  an originating entity for six years. An originating entity shall  retain
  a  copy  of  any  original  proof  or record of completion provided by a
  mortgage loan originator. In those instances when an originating  entity
  also retains the original proof or record of such completion of any then
  applicable  education requirement, such originating entity shall provide
  the original proof  or  record,  upon  request,  when  a  mortgage  loan
  originator  terminates  or  has  terminated  his  or  her  employment or
  affiliation with the originating entity.
    2. List of licensed  mortgage  loan  originators.  The  superintendent
  shall  maintain  upon  the internet web-page of the department a list of
  the mortgage loan originators licensed and in good standing.  Such  list
  shall  indicate the name, license number and current originating entity,
  if any, employing each  mortgage  loan  originator  or  with  whom  such
  mortgage loan originator is affiliated.
    3. Reports by originating entities. Each originating entity shall on a
  quarterly  basis  in  each  calendar year provide the superintendent, in
  written or electronic form, with a list of the mortgage loan originators
  employed by, or affiliated with, such originating entity and shall  also
  advise  in  such  report  of  any dismissal for cause of a mortgage loan
  originator employed by, or  affiliated  with,  such  originating  entity
  during  such quarter, which is due or based upon an alleged violation of
  this chapter or any law involving real property.
    4. Reports by mortgage loan originators. Each mortgage loan originator
  shall promptly notify the superintendent of the following:
    (a) A change in his or her primary residence address;
    (b) Any felony conviction or pending felony charges; any charge of  or
  conviction with respect to a misdemeanor involving financial services or
  a  financial  services  related  business;  or  any charge or conviction
  involving fraud, false statements or omissions, theft or wrongful taking
  of property,  bribery,  perjury,  forgery  or  extortion  subsequent  to
  initial authorization;
    (c)  Any  termination of or resignation from employment of affiliation
  with an originating entity;
    (d) Any initiation, settlement or resolution of any complaint,  action
  or  proceeding  brought  against  him  or  her  by  a  state  or federal
  governmental unit or self-regulatory organization in connection  with  a
  financial  services-related  activity  or  business  or involving fraud,
  misrepresentation, consumer deception, larceny or perjury;
    (e) Any initiation, settlement or resolution of any other civil action
  or proceeding against him or  her  involving  fraud,  misrepresentation,
  larceny or perjury; and
    (f) Any other matters as directed by the superintendent.