R592-8-5. Request for Exemption Process

  (1) An individual title licensee, who is an attorney as defined in this rule desiring to obtain an agency title insurance producer license under the exemption provided in 31A-23A-204(1)(c), shall make a request for exemption to the Commissioner in accordance with the requirements of this subsection.

  (2) The applicant will submit a letter addressed to the Commission:

  (a) requesting exemption from the licensing time period requirements in 31A-23a-204(1)(a)(i); and

  (b) providing the following information:

  (i) the applicant's name, mailing address and email, telephone number, and title license number;

  (ii) a description of the applicant's real estate experience; and

  (iii) why the applicant feels that experience qualifies the applicant for the exemption.

  (3) The Commissioner will review the request for exemption within five business days of its receipt and

  (a) request additional information from the applicant;

  (b) preliminarily approve the request for exemption; or

  (c) preliminarily disapprove the request for exemption.

  (4) The Commissioner will report monthly to the Commission all preliminarily approved or denied requests for exemption received and reviewed since the previous Commission meeting.

  (5) The Commission will concur or non-concur with the Commissioner's preliminary approval or denial of a request for exemption.

  (6) If the Commissioner's preliminary denial of a request for exemption is concurred with by the Commission, the Commissioner will:

  (a) notify the applicant of the denial; and

  (b) inform the applicant of the applicant's right to a hearing.

  (7) If the Commissioner's preliminary approval of a request for exemption is concurred with by the Commission, the Commissioner will expeditiously notify the applicant to submit an electronic license application and pay the required fees and assessments.

  (8) If the Commission does not concur with the commissioner's preliminary approval or preliminary denial, the applicant shall be informed of the applicant's right to a hearing.