Registration Standards

(1) A registration as a third party loan servicer will be issued to an applicant if the Commissioner, upon review of the registration and all other relevant information, determines that all of the requirements of M.G.L. c. 93, §§ 24 through 24G, and 209 CMR 18.52 have been met. (2) The Commissioner may deny an application for registration as a third party loan servicer, or the renewal thereof, if the Commissioner upon review of the application and other relevant information, determines that the applicant has not satisfied the requirements of M.G.L. c.93, §§ 24 through 24G or 209 CMR 18.54 or has violated any provision of M.G.L. c.93, §§ 24 through 28 and 209 CMR 18.00 et seq.