Sec 6-979. Principal place of business; branch office license; change of address

A. Each licensed commercial mortgage banker shall designate and maintain a principal place of business in this state to transact business. The license shall specify the address of his principal place of business.

B. If a licensee wishes to maintain one or more locations in addition to a principal place of business, the licensee shall first obtain a branch office license from the superintendent and designate a person for each branch office to oversee the operations of that office.

C. If the superintendent determines that the licensee is qualified, the superintendent shall issue a branch office license indicating the address of the branch office. The licensee shall conspicuously display the branch office license in the branch office.

D. If the address of the principal place of business or of any branch office is changed, the licensee shall immediately notify the superintendent of the change and the superintendent shall endorse the change of address on the license.