NMLS Release 2017.1 Targeted for March 20, 2017
NMLS Release 2017.1 has been targeted for March 20, 2017. This release contains numerous enhancements and system maintenance updates.
Noteworthy enhancements include:
- The NMLS Money Services Businesses Call Report (MSBCR)
- Electronic Surety Bonds (ESB)
NMLS Ombudsman Meeting Agenda
The agenda for the NMLS Ombudsman meeting has been posted on the NMLS Resource Center. The meeting will be held in Salon FG at the Hilton Austin in Austin, Texas on Thursday February 16, 2017 at 8:30 a.m. For more details, see Agenda
| NMLS Ombudsman
Reminder: NMLS Ombudsman Meeting February 16th
This is a reminder that the NMLS Ombudsman meeting will be held on Thursday, February 16, 2017 from 8:30 a.m. to 11:30 a.m. CST in conjunction with the 2017 NMLS Conference & Training at the Hilton Austin in Austin, Texas. Conference registration is not required to attend the meeting. Suggested agenda items regarding NMLS, state licensing, and/or federal registration will be accepted until Wednesday, February 1, 2017.
Persons submitting discussion items must attend the meeting to present their issues. Submit agenda items by emailing email@example.com
. Please provide the issue and any relevant information on your company's letterhead. The meeting will be in-person-only; there will be no dial-in available. For more information on the NMLS Conference & Training, see the NMLS Conference
State Agencies Adopting NMLS ESB Functionality on January 23, 2017
Starting January 23, 2017, as part of the January release, twelve state agencies
plan to adopt Electronic Surety Bond functionality in NMLS. See the updated ESB adoption table posted to the NMLS Resource Center
for more information.
Arizona to Add Collection Agency License to NMLS January 2, 2017
Starting January 2, 2017, NMLS will begin receiving new application and transition filings for the Arizona Department of Financial Institutions’ Collection Agency License. New applicants and existing licensees will be able to submit these records through NMLS.
Companies holding this license are encouraged to submit a license transition request through NMLS by filing a Company Form (MU1) and an Individual Form (MU2) for each of their control persons by Tuesday, January 31, 2017. Additionally, for each branch holding a Collection Agency Branch License, companies are encouraged to complete and submit a Branch Form (MU3). See the AZ Collection Agency License Transition Checklist
and, if applicable, the AZ Collection Agency Branch License Transition Checklist
for more information.
Wyoming to Add Consumer Finance License to NMLS January 1, 2017
Starting January 1, 2017, NMLS will begin receiving new application and transition filings for the following Wyoming Division of Banking licenses. New applicants and existing licensees will be able to submit these records through NMLS.
- Pawnbroker License
- Post Dated Check Casher License
- Sales Finance Company License
- Supervised Lender License
Note: Companies holding any of these license types are required to submit a license transition request through NMLS by filing a Company Form (MU1) and an Individual Form (MU2) for each of their control persons by Friday, February 17, 2017. Additionally, for each branch holding any of these license types, a company must complete and submit a Branch Form (MU3).
Click here for more information.
PA Amends Money Transmission Business Licensing Law effective January 2, 2017
Pennsylvania's Secretary of Banking and Securities, Robin L. Wiessmann, has published a Secretary's letter to businesses engaged in the transmission of money, following the passage of amendments to the Money Transmission Business Licensing Law, signed into law by Governor Wolf in November as Act 129 of 2016
. The law will go into effect on January 2, 2017. Click here to view the letter
Businesses licensed under the Act are urged to read the Secretary's letter, reminded that the letter does not constitute legal advice, and are advised to seek guidance from their own counsel and trade associations. Owners and legal representatives of PA money transmission businesses can contact the department's licensing office with questions at (717) 787-3717 or ra-AskLicensing@pa.gov
California Added to MSB Call Report Adopting States
The California Department of Business Oversight plans to adopt the NMLS MSB Call Report beginning with Q1 2017 reporting. Eighteen state agencies
(23 licenses) will adopt the NMLS MSB Call Report in NMLS in the first quarter of 2017, with the initial report due 45 days after the first quarter end (may 15, 2017). Trainings and additional materials will be provided to all relevant licensees prior to the requirement to submit information in the System.