Section 81-18-41 - Continuation of loan servicing under existing servicing contracts by suspended licenseeNothing in this chapter shall preclude a person whose license has been suspended or revoked from continuing to service mortgage loans pursuant to servicing contracts in existence at the time of the suspension or revocation for a reasonable transition period, as determined by the commissioner, after the date of the entry of the final decision in the case suspending or revoking the license.
Laws, 2000, ch. 579, § 21, eff. 7/1/2000; reenacted without change, Laws, 2002, ch. 500, § 23; reenacted without change, Laws, 2004, ch. 364, § 23; reenacted and amended, Laws, 2007, ch. 581, § 24; reenacted without change, Laws, 2010, ch. 462, § 26; reenacted without change, Laws, 2012, ch. 571, § 25, eff. 7/1/2012.Reenacted without change by Laws, 2020, ch. 310, SB 2427,§ 26, eff. 7/1/2020.Reenacted by Laws, 2016, ch. 360, SB 2504, 26, eff. 7/1/2016.