Change in Ownership or Key Individuals

(1) A Licensee shall notify the Division through the NMLS no later than 15 days after the effective date of the replacement or addition of any key individual. The Licensee shall provide information as the Division may require as if the individual was a new Applicant for licensure. (2) A Licensee shall notify the Division through the NMLS within 15 days after an acquisition of control of the Licensee. The Licensee shall provide information as the Division may require as if the individual was a new Applicant for licensure.