An unlicensed person acts as a loan originator, a mortgage broker, or a mortgage lender. (3) A mortgage broker or mortgage lender, as applicable, is subject to the disciplinary actions specified in subsection (2) for a violation of subsection (1) by: (a) A control person of the mortgage broker or mortgage lender;
1 Then it adds: Of course, knowing the name for it is like knowing that the plastic tips on the end of your shoelaces are called aglets.. 2  Merriam Webster has a top ten list for Words For Things You Didn't Know Have Names.
Traditional shoelaces were made of leather, cotton, jute, hemp, or other materials used in the manufacture of rope. Modern shoelaces often incorporate various synthetic fibers, which are generally more slippery and thus more prone to coming undone than those made from traditional fibers.