The NMLS Resource Center is the official gateway into the Nationwide Mortgage Licensing System & Registry (NMLS) and provides users with tools, tips, news and updates.
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NMLS WorkshopsNMLS is sponsoring several web-based training workshops. The Company Basics Workshop will show state-licensed companies how to transition their existing license or apply for a new license using NMLS. The Managing MLOs Workshop will instruct company users how to perform the tasks necessary to manage state-licensed mortgage loan originator licenses in NMLS. The workshops are being held from 2:00-3:30 pm ET on September 14 and 28 respectively. For more information see NMLS Workshops. Federal Agencies Publish Final Rule for the Federal Registry On July 28, 2010, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, Farm Credit Administration, and National Credit Union Administration issued final rules requiring residential mortgage loan originators who are employees of federally-regulated institutions to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 ( S.A.F.E. Act). For more information, including the final rule and a joint press release from the federal agencies, see Federal Registration. SAFE Compliance Countdown Blog |
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Texas SML Approaching Deadline Texas SML has a transition deadline of August 31, 2010 (Company - Mortgage Company License, Branch - Mortgage Company Branch License, Individual - Mortgage Company Residential Mortgage Loan Originator License). Licensees should review the TX SML Transition Plan for more details. Maryland Extends DeadlineThe Maryland Commissioner of Financial Regulation has extended the July 31st deadline for Approved Deficient licensees to resolve deficiencies. As part of the state’s NMLS transition, originators who were previously exempt from licensing and applied under interim status by July 31, 2009, were designated "Approved Deficient" and allowed one year to meet certain requirements. To facilitate the transition, the Agency will allow these Approved Deficient licensees until September 30, 2010 rather than July 31, 2010 for completion of all requirements. For details, see the Commissioner’s website. |
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