The NMLS Resource Center is the official gateway into the Nationwide Mortgage Licensing System (NMLS) and provides users with tools, tips, news and updates.
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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 NMLS Ombudsman Meeting
An open meeting of the NMLS Ombudsman meeting will be held on Tuesday, August 10th from 9:00-12:00 CST prior to the AARMR Annual Regulatory Conference in St. Louis. Conference registration is not required for attendance at the meeting. Suggested agenda items will be accepted until July 29th. For more see NMLS Ombudsman. |
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New Jersey Extends Processing DateThe New Jersey Department of Banking & Insurance announced that all persons and entities that have filed transition applications on or before July 31, 2010 may continue to do business in the state for an additional 90-day period. The Department has issued an Order that pushes the processing completion date for filers back from July 31, 2010 to October 31, 2010. The Order also requires that all such pending transition filers must have satisfied all requirements for licensure no later than September 30, 2010. See NJ Order No. A10-109. South Carolina BFI Extends Processing DateThe South Carolina Board of Financial Institutions is extending the license application processing deadline until October 1, 2010. Mortgage lenders and loan originators that have filed applications and paid the appropriate fees by July 31, 2010 may continue to operate in the state until the extended date. Applications received after July 31, 2010 are not covered by the extension. See South Carolina BFI Memo. NM and VI Approaching Transition Deadline
The following regulatory agencies have a transition deadline of July 31st. Licensees should review each state's transition plan for more details.
New Mexico (Company and Branch)
Virgin Islands (Company and Branch) |
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