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Testing and Education Services RFP Posted 2/3/2012 The Conference of State Bank Supervisors has released a Request for Proposal (RFP) seeking proposals for services related to the testing and education requirements of the SAFE Act. For more information, see Testing and Education RFP. NMLS Ombudsman Meeting AgendaPosted 2/2/2012 The agenda for the NMLS Ombudsman meeting has been posted. The meeting will be held in the North Central Ballroom of the Double Tree Paradise Valley Hotel in Scottsdale, Arizona on Monday, February 6th at 2:00pm. For more details see Agenda | NMLS Ombudsman. System Maintenance for Test Appointment System January 29Posted 1/27/2012 The NMLS Test Appointment System will undergo system maintenance Sunday, January 29 from 8:00 am to 4:00 pm ET. During the upgrade candidates will not be able to schedule, reschedule, or cancel SAFE MLO test appointments. Tests already scheduled for January 29 will not be affected. Candidates will be able to take their test on that day. System Maintenance for Test Appointment System January 21 - 22Posted 1/23/2012
The NMLS Test Appointment System will undergo system maintenance starting January 21 at 8:00 p.m. and ending January 22 at 8:00 a.m. ET. During the upgrade candidates will not be able to schedule, reschedule, or cancel SAFE MLO test appointments. Tests already scheduled for January 21 - 22 will not be affected. Candidates will be able to take their tests on those days. NMLS Ombudsman Meeting Posted 1/13/2012 An open meeting with the NMLS Ombudsman will be held on Monday, February 6 from 2:00 pm – 5:00pm, prior to the NMLS Annual Conference in Scottsdale, Arizona. Conference registration is not required for attendance at the meeting. Suggested agenda items, regarding either state licensure or federal registration, will be accepted until January 27. For more information, see NMLS Ombudsman. The meeting will be in-person only; there will be no dial-in available. Call Center HoursPosted 1/13/2012 The NMLS Call Center will be closed Monday, January 16 in observance of Martin Luther King Jr. Day. Testing and Education Services RFPPosted 2/3/2012 The Conference of State Bank Supervisors will release a Request for Proposal seeking proposals for services related to the testing and education requirements of the SAFE Act. For more information, see Testing and Education RFP. Renewal Period EndsPosted 1/1/2012 The Annual Renewal Period for 2011 has ended. Several states allow licensees who missed the deadline to reinstate their license. See Annual Renewal for more information. NMLS Hours of OperationPosted 12/22/2011 The system will be unavailable on December 25th and January 1st. The system will be operational from 8:00 am to 8:00 pm (ET) on December 26th and January 2nd. Call Center HoursPosted 12/19/2011 The NMLS Call Center will remain open an extra hour (until 8:00 p.m. ET) December 19th through December 30th. The Call Center is closed on Saturdays and Sundays (including December 31st) and will also be closed on Monday, December 26th. New Forms for April 2012 Posted 12/6/2011 The NMLS licensing forms (“MU Forms”) have been updated and will be implemented in the system in April 2012. Specifically, the company and branch forms will include a more developed Business Activities section. For more details, including a working draft of definitions for the business activities, see New Forms. State Licensing Report for Q3Posted 11/22/2011
NMLS has updated the report entitled A Nationwide View on State-Licensed Mortgage Entities to included data for the third quarter of 2011. The report provides aggregated information at a national and state level for companies, branches and individuals licensed or registered by state agencies. System Maintenance November 19Posted 11/21/2011
NMLS will undergo system maintenance on Saturday, November 19. The system and consumer access website will be unavailable during the upgrade. Several Renewal Deadlines Approaching (STATE)Posted 11/16/2011 Annual Renewal Period BeginsPosted 11/16/2011
The annual renewal period for 2012 begins November 1 and ends December 31, 2011. For complete information, see Annual Renewal. System Maintenance October 31Posted 10/25/2011 NMLS will undergo system maintenance starting Monday, October 31 at 11:00 pm ET and ending Tuesday, November 1 at 7:00 am ET. The system will be unavailable during the upgrade. System Upgrade October 21-22Posted 10/21/2011
NMLS will undergo system maintenance on Friday, October 21, starting at 9:00 pm ET. The system will be unavailable until the upgrade is complete, which is expected to be Saturday afternoon. The majority of changes are related to the Annual Renewal process which opens November 1st. For an overview of these and other changes, see the Release Summary or Full Release Notes. Annual Renewal Period Begins November 1Posted 10/4/2011 The NMLS Annual Renewal Period will begin November 1 and end December 31. Companies and individuals can prepare by making sure the information on their NMLS record is up-to-date. For details about the renewal process, see Annual Renewal. Companies and institutions can also consider signing up for a renewal training workshop to help them prepare for renewal. MCR Reminder for Q3 (STATE)Posted 10/3/2011 State-licensed companies can now submit their Q3 RMLA, which is due November 14. Companies are also reminded that the FC component (financial condition) is due 90 days after the company’s fiscal year end. For more details, see Mortgage Call Report. Comments on Regulatory ActionsPosted 9/26/2011 On July 25, 2011, the State Regulatory Registry LLC (SRR) invited public comment on proposed functionality to allow state regulators to post regulatory actions to NMLS and NMLS Consumer Access. Comments received have been posted under Proposals for Comment. The comments are being reviewed and a response will be posted in the next few weeks. System Maintenance for Test Appointment System September 24Posted 9/21/2011 The NMLS Test Appointment System will undergo scheduled maintenance on September 24, 2011. During this upgrade candidates will not be able to schedule, reschedule or cancel SAFE MLO Test appointments. Tests already scheduled for September 24 will not be affected. Candidates will be able to take their tests on that day. Call Center HoursPosted 9/6/2011
The NMLS Call Center will be closed Monday, September 5 in observance of Labor Day. Texas - SML Adds Residential Mortgage Loan Servicer RegistrationPosted 9/1/2011 Texas Department of Savings and Mortgage Lending is now accepting applications through NMLS for the Residential Mortgage Loan Servicer Registration. For more information see State Licensing. State Licensing Report for Q2Posted 8/26/2011 NMLS has updated the report entitled A Nationwide View on State-Licensed Mortgage Entities to included data for the second quarter of 2011. The report provides aggregated information at a national and state level for companies, branches and individuals licensed or registered by state agencies. Puerto Rico Test Component Release Information Posted 8/15/2011 As of August 15th candidates are able to enroll for the Puerto Rico component and schedule their test sessions. Test appointments are available as of September 14th. Outlines and reference lists have been posted. NMLS Ombudsman Meeting Agenda Posted 8/5/2011 The agenda for the NMLS Ombudsman meeting has been posted. The meeting will be held in the Nikko I room of the Hotel Nikko in San Francisco, California on Tuesday, August 9th at 9:30 am PT. For more details see Agenda | NMLS Ombudsman. System Maintenance for Test Appointment System August 6-7Posted 8/3/2011 The NMLS Test Appointment System will undergo scheduled maintenance starting August 6 and ending August 7. During this upgrade candidates will not be able to schedule, reschedule or cancel SAFE MLO Test appointments. Tests already scheduled for August 6-7 will not be affected. Candidates will be able to take their tests on those days. Change to SAFE MLO Test Retake PolicyPosted 8/3/2011 Effective August 29, 2011, the HUD Final Rule will change the retake policy for candidates taking a SAFE MLO Test Component. For more information see HUD Retake Policy | FAQs. System Upgrade on July 30Posted 7/28/2011
NMLS will undergo maintenance on Saturday, July 30, EDT for the release of system enhancements. The system will be unavailable until the upgrade is complete. Individuals will not be able to schedule fingerprint appointments during this time. For details about the changes see Release Summary | Full Release Notes CSBS Seeks Comment on Regulatory ActionsPosted 7/25/2011 CSBS is inviting comment on proposed functionality allowing state regulators to post regulatory actions to NMLS and NMLS Consumer Access. More information can be found here: Proposals for Comment. Comments on the proposed functionality are due September 20, 2011. State Licensing ReportPosted 7/19/2011 NMLS has published a report entitled A Nationwide View on State-Licensed Mortgage Entities. The report provides aggregated information at a national and state level for companies, branches and individuals licensed or registered by state agencies for the first quarter of 2011. Call Center Hours to be Extended Posted 7/26/2011
To help alleviate the expected increase in call volume as the federal registration’s initial transition period deadline of July 29 approaches, the NMLS Call Center will offer extended hours of availability. During the weeks of July 18-22 and July 25-29, the Call Center will be open from 9:00 am to 8:00 p.m. (Eastern Time). MCR Reminder Posted 7/6/2011
State-licensed companies are reminded that Mortgage Call Report components are due throughout the year. The RMLA component (loan activity data) is submitted after every quarter. Companies can now submit their Q2 RMLA, which is due August 14. The FC component (financial condition) is due 90 days after the company’s fiscal year end. Companies with a fiscal year end in the spring should be aware of the due date of their FC component. Montana Adds Mortgage Servicer License Posted 7/1/2011 Montana Division of Banking & Financial Institutions is now accepting applications through NMLS for the Mortgage Servicer License. Effective October 1, 2011, any entity desiring to engage in the business of servicing Montana residential mortgage loans must obtain a Servicer License for its main office address and each branch office. For more information see Montana license descriptions and checklistsMinnesota Government Service InterruptionPosted 7/1/2011 Due to the current Minnesota government service interruption, Department of Commerce offices are closed until further notice. Call Center HoursPosted 6/30/2011 The NMLS Call Center will be closed on Monday, July 4 for the Independence Day holiday. NMLS Updating Industry Terms of Use Posted 8/3/2011
The NMLS Industry Terms of Use will be updated on August 1, 2011. Changes include: clarification of the definition of “Applicant Data”; additional language regarding an individual’s granting access to a company; addition of Privacy Act of 1974 Notice; removal of reference to use of Applicant Data for purposes under Section 603(d) of the Fair Credit Reporting Act; addition of references to SAFE Mortgage Loan Originator Test components in Section 8; addition of right of termination or suspension of access to the system for failure to pay any fees required for services under the Agreement. A redlined version of the changes to the Agreement can be found at: Industry Terms of Use. MCR Deficiencies Coming June 16Posted 6/15/2011 On June 16 a license deficiency will be placed on state-licensed companies who have not submitted their Q1 Mortgage Call Report. Over 11,000 companies have successfully completed their Q1 MCR in NMLS. Companies that still need to complete their MCR should go to Getting Started: MCR. HUD Grants Puerto Rico ExtensionPosted 6/15/2011
The U.S. Department of Housing and Urban Development has allowed Puerto Rico mortgage loan originators until December 31, 2011 to fully comply with the licensing provisions of the Safe Acts SAFE Act. For more information on the applicability of this decision to Puerto Rico Mortgage Loan Originator and license applications, contact the Office of the Commissioner of Financial Institutions of Puerto Rico at reglamentacion@ocif.gobierno.pr. NMLS 2010 Annual Report Posted 6/13/2011
The Nationwide Mortgage Licensing System and Registry’s third annual report is now available at 2010 Annual Report. Receiving NMLS Email NotificationsPosted 6/8/2011 NMLS sends notifications to users when actions or changes occur that affect their records. It is important for users to keep their email address up to date. Additionally, users may discover that NMLS notifications are being caught in a spam filter. To prevent these notifications from being blocked, users should add NMLS email addresses to their address book or a list of approved senders. NMLS system notifications are sent from NMLS_Notifications@NMLSNotifications.com and news, reminders and upcoming functionality details are sent from no-reply@stateregulatoryregistry.org. NMLS Ombudsman MeetingPosted 6/13/2011
An open meeting with the NMLS Ombudsman will be held on Tuesday, August 9th from 9:30am – 12:00pm PT, prior to the AARMR Regulatory Conference in San Francisco. Conference registration is not required for attendance at the meeting. Suggested agenda items will be accepted until July 29. For more information, see NMLS Ombudsman. The meeting will be in-person only; there will be no dial-in available. Company Basics TrainingPosted 8/11/2011
Are you a new user to NMLS trying to navigate through the system? NMLS is sponsoring a two-part training session for state-licensed company users that wish to understand the basic functionality of NMLS and learn best practices for managing your company, branch, and individual licenses. For dates and details, see NMLS Company Basics Training. Training Webinar: Reviewing FBI Criminal History Posted 5/26/2011 The SAFE Act requires federally regulated institutions to review the results of FBI criminal background checks performed on their MLOs. NMLS is pleased to sponsor a training webinar (June 1 or June 7) for institutions interested in learning directly from FBI experts about how information contained in a criminal background check is compiled and what institutions need to know in order to conduct their review. For more information see FBI Criminal History Record Information Webinar. System Maintenance May 14th Posted 5/13/2011 NMLS will undergo system maintenance on Saturday, May 14th, starting at 7:00 am ET. The system will be unavailable until the upgrade is complete, which is expected to be sometime Saturday afternoon System Maintenance for Test Appointment System May 14 Posted 5/12/2011 The NMLS Test Appointment System will undergo scheduled maintenance on Saturday, May 14. During this upgrade candidates will not be able to schedule, reschedule or cancel SAFE MLO Test appointments. Tests already scheduled for May 14 will not be affected. Candidates will be able to take their tests that day. System Upgrade This WeekendPosted 4/27/2011
NMLS will release system enhancements Saturday, April 30. The system will be unavailable effective 9:00 PM Eastern time on 4/29/2011 until the release is completed on May 01, 2011. The major enhancement for state regulated companies will include the implementation of the Mortgage Call Report, which will allow companies to submit Standard MCR and Expanded MCR reports manually or through an xml file upload. The major enhancements for federally regulated institutions will include the ability to transfer actively registered MLO’s from one federally regulated institution to another federally regulated institution in the event of a merger or acquisition through a NMLS batch upload function.
For details about the changes see Release Summary | Full Release Notes | Call Center HoursPosted 4/20/2011 The NMLS Call Center will be closed on Friday, April 22 for the Good Friday holiday. Federal Registry Training Posted 4/15/2011 NMLS is offering one-hour Federal Registry Review Workshops for institutions that have additional questions regarding the NMLS Federal Registry and the registration process. (Before attending the Review Workshop, institutions should have attended or watched recordings of the "How To" Series.) For more information see NMLS Workshops. NMLS Not Affected by Federal Shutdown Posted 4/11/2011
In the event of a shutdown of the Federal government, NMLS will remain operational and the Call Center and test centers will remain open. Mortgage Call Report Training Workshop Posted 4/5/2011 NMLS is sponsoring a web-based training workshop on the NMLS Mortgage Call Report. The workshop will provide companies with an overview of the requirements and "how to" for submitting the Mortgage Call Report in NMLS, which is coming to NMLS on May 2nd. Workshop sessions will be offered in April and May. For more information see MCR Workshops. Reg Z Notice Added to All SAFE MLO TestsPosted 3/30/2011 Changes to Regulation Z: Loan Originator Compensation will go into effect on April 1, 2011. The Rules of Conduct presented to test candidates will be modified to instruct candidates that questions on the SAFE MLO Test will not reflect the changes to Regulation Z until further notice. For more information see Testing. CSBS Seeks Comment on Proposed Fees for M&As Posted 3/25/2011 CSBS is inviting comment on proposed fees for the transfer of Federally Registered Mortgage Loan Originators following mergers, acquisitions and reorganizations. More information can be found here: Proposals for Comment. Comments on the proposed fees are due April 25, 2011. Call Report Update – Final XML Spec, Spreadsheet Samples Posted 4/8/2011
The final XML Specification for uploading the NMLS Mortgage Call Report has been posted on the NMLS Resource Center. Changes have been documented on page 2. As requested, spreadsheet samples of the Standard and Expanded NMLS Mortgage Call Report have been posted. These samples are for planning purposes only and cannot be uploaded into NMLS. NMLS Mortgage Call Report Update Posted 3/23/2011
New information about the NMLS Mortgage Call Report has been posted. Highlights include updated FAQs, an MCR State Requirement Chart, draft XML specification, fee update, reminder to ensure a company’s record is up to date and training sessions for the MCR. For details go to Mortgage Call Report. Federal Registry Training Workshops Posted 4/5/2011
In response to high demand, an additional round of the “How To” training series (Sessions A–D) has been added. In the coming weeks, a recorded version of each session will be made freely available. For more details, see NMLS Workshops. Reinstatement Period Ends February 28Posted 2/25/2011 Several state agencies allow licensees to reinstate a license which they failed to renew at the end of last year. The system deadline for reinstatement requests is February 28. For more information see Annual Renewal. Call Center HoursPosted 2/16/2011 The NMLS Call Center will be closed on February 21 for the President’s Day holiday. NMLS Updating Industry Terms of Use Posted 3/3/2011
A change has been made to Section 4(H) of the NMLS Industry Terms of Use to provide clarification to a change made on January 31, 2011. A redline version of the document can be found here: Industry Terms of Use. System Maintenance February 12Posted 2/11/2011 NMLS will undergo system maintenance on Saturday, February 12, starting at 7:00 am ET. The system will be unavailable until the upgrade is complete. NMLS Ombudsman Meeting Agenda Posted 2/4/2011 The agenda for the NMLS Ombudsman meeting has been posted. The meeting will be held in the Grand Cypress Ballroom of the Hyatt Grand Cypress in Orlando, Florida on Monday, February 7th at 2:00 pm ET. For more details see Agenda | NMLS Ombudsman. System Maintenance for Test Appointment System February 5 Posted 2/3/2011 The NMLS Test Appointment System will undergo scheduled maintenance on Saturday, February 5. During this upgrade candidates will not be able to schedule, reschedule or cancel SAFE MLO test appointments. Tests already scheduled for February 5 will not be affected. Candidates will be able to take their tests that day. System Upgrade on January 29Posted 1/28/2011 NMLS will undergo maintenance on Saturday, January 29, for the release of system enhancements. The system will be unavailable until the upgrade is complete. A majority of the changes are for the implementation of the NMLS Federal Registry, which will allow federal-agency regulated institutions to register their mortgage loan originators in NMLS in accordance with the Final Rule published by the Federal Banking Agencies along with the Farm Credit Administration. For details about the changes see Release Summary | Full Release Notes | Federal Registry Launch Summary. NMLS Updating Applicant/Licensee Agreement and Privacy PolicyPosted 2/15/2011
The NMLS Applicant/Licensee Agreement (Industry Terms of Use or Agreement) will be updated on January 31, 2011 to accommodate the anticipated participation of mortgage loan originators to be registered under the final rule promulgated by the Federal Banking Agencies and Farm Credit Administration. Changes to the Agreement or Privacy Policy include: the disclosure that Applicant Data may be checked against other regulatory or governmental databases; the addition that Disclosure Questions may be accessed publicly; clarification that industry users are prohibited from using Applicant Data for purposes under Section 603(d) of the Fair Credit Reporting Act; and the addition that material changes to the Agreement will be emailed to account administrators. Redline versions of the documents can be found here: Industry Terms of Use and Privacy Policy. CSBS Seeks Comment on MU Forms and Policy GuidebookPosted 3/3/2011
CSBS is inviting comment on the NMLS Mortgage Uniform (MU) Forms and NMLS Policy Guidebook. More information can be found here: Proposals for Comment. Comments on the forms and guidebook are due March 25, 2011. NMLS Ombudsman MeetingPosted 2/2/2011
An open meeting with the NMLS Ombudsman will be held on Monday, February 7th from 2:00-5:00 ET, prior to the NMLS User Conference in Orlando. Conference registration is not required for attendance at the meeting. Suggested agenda items will be accepted until January 31st. For more see NMLS Ombudsman. Federal Registry Training WorkshopsPosted 3/11/2011
Federal Registry training has been broken into a four-part series of webinars that covers the registration process. Live regional in-person sessions are also available. For more details, see NMLS Workshops. Mortgage Call Report Coming in 2011Posted 2/2/2011 Resource Center ChangesPosted 1/1/2011 In preparation for Federal Registration, the NMLS Resource Center is making a few minor changes (such as the new Getting Started section of the home page). Additional information about the Federal Registration process will be posted in the coming days. Renewal Period EndsPosted 1/10/2011
The Annual Renewal Period for 2011 has ended. Several states allow licensees who missed the deadline to reinstate their license. See Annual Renewal for more information. CSBS Finalizes Fees for the Federal RegistryPosted 1/10/2011
After reviewing public comments submitted last month on proposed fees for the NMLS Federal Registry, CSBS has posted a response summary to those comments. For finalized fees see NMLS Processing Fees. Certification Deadline December 31Posted 12/21/2010 MLOs participating in the PE and testing certification process have until 12:00 midnight ET on December 31, 2010 to pay their certification invoices. For more information see Certification. System Hours Posted 1/1/2011
NMLS will have adjusted system hours through year end as follows: December 24 8:00 am – 10:00 pm EST December 25 Closed December 31 7:00 am – Midnight EST Call Center Extends HoursPosted 12/10/2010
The NMLS Call Center will have adjusted hours through year end as follows:
December 13-17 9:00 am - 8:00 pm EST
December 20-23 9:00 am - 8:00 pm EST
December 24 Closed
December 27-30 8:00 am - 8:00 pm EST
December 31 8:00 am - 7:00 pm EST Comments on Proposed NMLS Federal Registry Fees Posted 12/21/2010
On October 13, 2010, the State Regulatory Registry LLC (SRR) invited public comment on proposed fees for the Federal Registry. Comments received have been posted on the Proposals for Comment page. The comments are being reviewed and finalized fees are expected to be announced in the next few weeks. System Maintenance for Test Appointment System November 14Posted 11/10/2010 The NMLS Test Appointment System will undergo scheduled maintenance on Sunday, November 14. During this upgrade candidates will not be able to schedule, reschedule or cancel SAFE MLO test appointments. Tests already scheduled for November 14 will not be affected. Candidates will be able to take their tests that day. System Maintenance November 13Posted 11/10/2010 NMLS will undergo system maintenance on Saturday, November 13, starting at 7:00 am ET. The system will be unavailable until the upgrade is complete. Credit Report Functionality RestoredPosted 11/9/2010
The performance issues related to Credit Report functionality have been resolved. Users who experienced problems authorizing a Credit Report can proceed with their filing. System Maintenance November 3Posted 11/3/2010
NMLS will undergo system maintenance on Wednesday, November 3, starting at 11:00 pm ET. Both NMLS and NMLS Consumer Access will be unavailable until the upgrade is complete. Annual Renewal Period Begins Posted 11/1/2010 The annual license renewal period for 2011 begins November 1 and ends December 31, 2010. For complete information, see Annual License Renewal. NMLS Introduces Credit Report in Release 2010.4Posted 11/1/2010 NMLS has been upgraded to incorporate credit report functionality (see Credit Report). Beginning November 1, 2010, all mortgage loan originator application filings will require a credit report request through NMLS. More information about the release can be found here: Summary of Release 2010.4. System Maintenance October 29-30Posted 10/28/2010 NMLS will undergo system maintenance on Friday, October 29, starting at 9:00 pm ET. The system will be unavailable until the upgrade is complete. NMLS Consumer Access will be unavailable until 8:00 am ET, Monday, November 1. System Maintenance for Consumer Access Oct 26Posted 10/26/2010 NMLS Consumer Access will undergo system maintenance on Tuesday, October 26, starting at 8:00 pm ET and will be unavailable during the upgrade. System Maintenance for Test Appointment System October 24Posted 10/22/2010 The NMLS Test Appointment System will undergo scheduled maintenance on Sunday, October 24. During this upgrade candidates will not be able to schedule, reschedule or cancel SAFE MLO test appointments. Tests already scheduled for October 24 will not be effected. Candidates will be able to take their tests that day. Comments on Federal Fees Due November 12Posted 11/9/2010
CSBS is inviting comment on proposed fees for the Federal Registry. More information can be found here: Proposals for Comment. Comments on the proposed fees for the Federal Registry are due November 12, 2010. Credit Reporting - November 1st Posted 11/1/2010
NMLS will launch functionality on November 1st that enables an individual to authorize a credit report through NMLS. Every MLO participating in NMLS will receive a system generated credit report license item requiring them to complete the credit report authorization process through NMLS. MLOs are encouraged to do so during this year’s annual license renewal period. For more information see Credit Report. FL, MN and NV Tests Posted 10/5/2010 AK, HI and ME Tests Posted 11/8/2010
Candidates are now able to enroll in and take the Alaska, Hawaii and Maine Test Components. For more on the content of these tests see Test Content Outlines. NMLS Consumer Access Posted 10/22/2010
At the request of the mortgage industry and other interested parties, NMLS is developing a download subscription service for a subset of the data that is publicly available on NMLS Consumer Access for the purposes of license verification and fraud prevention. Parties interested in subscribing for such a service are encouraged to review the Request for Interest in NMLS Consumer Access Subscription. Annual Renewal Training WorkshopPosted 11/1/2010
NMLS is sponsoring a web-based training workshop on the topic of Annual Renewal. The workshop will train companies how to efficiently manage the renewal of their company, branch and individual licenses. The workshop will be offered on various dates throughout the fall. For more information see NMLS Workshops. System Maintenance September 18Posted 9/17/2010 NMLS will undergo system maintenance on Saturday, September 18, starting at 8:00 pm ET. The system will be unavailable until the upgrade is complete. NMLS Consumer Access will undergo system maintenance on Friday, September 17, starting at 11:00 pm ET and will be unavailable during the upgrade. System Maintenance for Test Appointment System September 17-19Posted 9/13/2010
The NMLS Test Appointment System will undergo scheduled maintenance from 10:00 pm ET on Friday, September 17 to 8:00 am ET on Sunday, September 19. During this time candidates will not be able to schedule, reschedule or cancel SAFE MLO test appointments. Candidates may still enroll in tests and then schedule an appointment after the maintenance is complete. If you are scheduled to take a test during these days, you will be able to do so without any problem. System Maintenance August 28 Posted 8/26/2010 NMLS will undergo system maintenance on Saturday, August 28, starting at 8:00 am ET. The system will be unavailable until the upgrade is complete. NMLS Consumer Access will also be unavailable at this time. NMLS WorkshopsPosted 9/20/2010
NMLS 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. System Maintenance August 21Posted 8/20/2010
NMLS will undergo system maintenance on Saturday, August 21, starting at 8:00 am ET. The system will be unavailable until the upgrade is complete. NMLS Consumer Access will also be unavailable at this time. System Maintenance August 14-15Posted 8/13/2010 NMLS will undergo system maintenance on Saturday, August 14, starting at 6:00 pm ET. The system will be unavailable until the upgrade is complete. System Upgrade August 7Posted 8/13/2010
NMLS will undergo maintenance on Saturday, August 7, for the release of system enhancements. The system will be unavailable until the upgrade is complete. Companies should know that MU2/MU4 Filing Processed and Company Access notifications will no longer be generated real-time for each filing or individual. Instead, subscribers to these notifications will receive consolidated notifications nightly. Further details regarding these and other enhancements included in the release can be found in the Release Notes. NMLS Ombudsman Meeting AgendaPosted 8/13/2010 Test Prep Course InfoPosted 7/22/2010
Click here to review some important facts and considerations to keep in mind when choosing a test-prep course. KS, TX, WI and VI TestsPosted 8/16/2010
Candidates are now able to enroll in and take the Kansas, Texas, Wisconsin, and Virgin Islands Unique State Test Components. For more information, please see Test Content Outlines. NMLS Ombudsman Meeting Posted 8/4/2010
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. Call Center Hours for July 4th Holiday Posted 6/30/2010 The NMLS Call Center will be open normal business hours Friday, July 2nd. The Call Center will be closed on Monday, July 5th for Independence Day and will reopen on Tuesday, July 6th. NMLS Workshops Posted 7/26/2010
NMLS 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 multiple dates in June and July. For more information see NMLS Workshops. System Maintenance June 5Posted 6/3/2010 NMLS will undergo system maintenance on Saturday, June 5. The system will be unavailable until the upgrade is complete. NMLS Annual Report Posted 7/6/2010
The Nationwide Mortgage Licensing System’s second annual report on system activities and SAFE Act compliance is now available at: 2009 Annual Report Call Center Hours – Memorial Day Weekend Posted 5/27/2010 The Call Center will remain open until 7:00 p.m. ET on Friday, May 28th to help licensees meet state agency deadlines. Multiple states have transition deadlines as well as compliance deadlines during this weekend. For details see the Transition Deadline Chart and SAFE Requirements Deadline Chart. The Call Center will be closed on Monday, May 31st. June 14 - Test Components ReleasedPosted 6/15/2010
Candidates are now able to enroll in and take the Alabama, Delaware, Missouri, Montana, Oregon, South Carolina and West Virginia state test components. See also Content Outlines. SAFE Compliance Countdown Blog Posted 7/12/2010 Two New ReportsPosted 5/5/2010 Companies now have two new reports available in NMLS to track their mortgage loan originators’ compliance in the areas of Testing and Pre-licensure Education (PE). The reports will provide companies with lists of individuals who are compliant or non-compliant in their Testing (national and state) and PE. Individual MLOs must have granted access rights to the company to appear on the lists. CSBS Seeks Comment on Mortgage Call ReportPosted 5/3/2010 CSBS is inviting comment on the NMLS Mortgage Call Report. More information can be found here: Proposals for Comment. Comments on the NMLS Mortgage Call Report are due May 14, 2010. System Maintenance April 17thPosted 4/16/2010 NMLS will undergo system maintenance on Saturday, April 17. The system will be unavailable until the upgrade is complete. MLOs with Previously Completed Testing and EducationPosted 4/14/2010
The State Regulatory Registry LLC (SRR) Board of Managers has approved policies which will allow state agencies to identify MLOs who have previously completed education or state tests in a manner that satisfies selected SAFE Act requirements. This process is referred to as the testing and education certification process or simply “certification.” Details about the certification process, which states are participating in it, information on the process, the timeline, and additional FAQs can be found here: Certification of Testing and Education New State Test Components AvailablePosted 4/13/2010 Candidates are now able to enroll in and take the next set of unique state test components including: Connecticut, Illinois, North Dakota, Ohio, and Oklahoma. For more information, please see Test Content Outlines. Criminal Background Check ProcessingPosted 5/3/2010
The FBI has announced that the processing of 500,000 fingerprints for the US Census will cause a delay in the return of results of criminal background check requests not related to the Census. The delay will begin April 28th and may extend through May 18th. This will not disrupt a MLO’s ability to request a CBC through NMLS or provide prints through an NMLS approved vendor. MLOs should continue to complete the CBC process in NMLS, but should expect slight delays from the FBI in posting the CBC results to NMLS. New Company ReportsPosted 4/16/2010
Several new reports have been developed for companies in NMLS. The Active License Item reports were delivered on March 15, 2010. These reports allow companies to retrieve a list of all outstanding license items set by your Regulator (requirements and deficiencies) for all licenses (company/branch or individual) as of the current date. Unfortunately, the delivery of certain company reports related to Testing and Education Compliance has been postponed. In support of SAFE Pre-Licensure Education (PE) and Testing Compliance monitoring efforts, reports will be provided on or about April 19, 2010, that will identify Individuals: 1) who have not completed testing and/or education requirements as of the current date or 2) who have completed testing and/or education requirements since the date provided. Similar reports for the monitoring of SAFE Continuing Education (CE) Compliance will be available to companies on or about May 1, 2010. Upon delivery, companies will be able to request these reports under the Reports tab in NMLS. Test Scheduler Undergoing Maintenance Posted 3/26/2010 The NMLS test scheduling system will not be available for SAFE MLO appointment scheduling, rescheduling or cancellation from 12:00 pm (ET) on Friday March, 26th through 8:00 am (ET) on Monday, March 29th. However, the NMLS System will still be available for test enrollment. Individuals who pay for their enrollment during this time will be able to schedule their test immediately after the maintenance is complete. SAFE Compliance WebinarPosted 3/24/2010 NMLS is sponsoring a 90 minute webinar to review the S.A.F.E. Act’s testing, education, criminal background and credit check requirements for mortgage loan originators and how these can be satisfied through NMLS. The webinar will be held from 2:00-3:30 pm (ET) on April 1, and then repeated on April 8. For more information see SAFE Compliance Webinar. NMLS Updating Applicant/Licensee Agreement Posted 4/16/2010
The NMLS Applicant/Licensee Agreement will be updated on March 31, 2010, modifying Paragraph (F) of Section 4 Applicant Data to add details to the licensee information that may be shared publicly by NMLS. Currently Paragraph (F) provides a non-specific authorization for NMLS to make certain information public. The new language itemizes the specific licensee information that is being made available through NMLS Consumer Access. A redlined version of the changes to the NMLS Applicant/Licensee Agreement can be found here: Applicant Agreement Redline. New State Tests Available April 12thPosted 4/13/2010
New content outlines have been posted for the following state specific test components: Connecticut, Illinois, North Dakota, Ohio, and Oklahoma. Candidates are now able to begin enrolling for these tests, and the first test appointments will be available beginning April 12th. April Training WorkshopsPosted 3/15/2010 NMLS is sponsoring several web-based training workshops. The Company Basics Workshop will show 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 completely manage mortgage loan originator licenses in NMLS. The workshops are being held from 2:00-3:30 pm ET on April 6 and April 20, respectively. For more information see NMLS Workshops. CSBS Seeks Comments on the NMLS Mortgage Call Report and Education Provider FeesPosted 5/3/2010
CSBS is inviting comment on the NMLS Mortgage Call Report and Education Provider Fees charged to course providers. More information can be found here: Proposals for Comment. Comments on the NMLS Mortgage Call Report are due May 14, 2010 and for Education Provider Fees on April 14, 2010. More State Tests Available Posted 2/24/2010 Candidates are now able to enroll in and take the next set of unique state test components including: California, Colorado, Indiana, Tennessee, and Utah. For more see Test Content Outlines. Training Workshops Posted 3/15/2010
NMLS is sponsoring several web-based training workshops. The Company Basics Workshop will show 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 completely manage mortgage loan originator licenses in NMLS. The workshops are being held from 2:00-3:30 pm ET on March 2 and March 16, respectively. For more information see NMLS Workshops. Notice on Cleanup of Un-submitted Filings Posted 4/16/2010
In order to improve system performance, pending filings (not submitted to a state regulator) more than 180 days old for entities that have submitted at least one filing through NMLS to a state agency are being deleted from NMLS on Wednesday, February 24th. The deletion of these un-submitted pending filings will not affect your license, nor any filings created within the last 180 days. Licensees are reminded that, notwithstanding deadlines that might apply within individual states, changes to your licensing information must be reported to state regulators through NMLS within 30 days of occurrence. NMLS Introduces Criminal Background Check, MU Form Changes Posted 4/16/2010 NMLS has been upgraded incorporating federal criminal background check functionality and changes to the national MU Forms approved by regulators this past fall. Starting January 25, 2010, all new mortgage loan originator application filings will require a federal criminal background check to be obtained through NMLS. Additionally, the national mortgage forms have been amended for the first time since system launch. More information about these changes can be found here: Summary of Release 2010.1SRR Issues Responses to Public Comments Received on Background Check Processing in NMLSPosted 4/16/2010 On September 14, 2009, the State Regulatory Registry LLC (SRR) invited public comment on background check processing in NMLS. When this 30 day comment period ended, SRR had received nearly 200 comments from 110 commenters. The comments were reviewed by NMLS’ Mortgage Licensing Policy Committee. A summary of the comments and NMLS responses can be found here. Call Center Closed January 18th Posted 1/14/2010 The NMLS Call Center will be closed on Monday, January 18th in observance of Martin Luther King Jr. Day. It will reopen on January 19th. New State Tests Available Feb 22ndPosted 1/12/2010 New content outlines have been posted for the following state specific test components: California, Colorado, Indiana, Tennessee, and Utah. Candidates will be able to begin enrolling for these state components on January 22nd, and the first test appointments will be available beginning February 22nd. NJ State Test Component Released Posted 1/4/2010 Candidates are now able to enroll in and take the New Jersey State Test Component. NMLS renewal period for 2010 has endedPosted 1/1/2010 Licensees who failed to submit a renewal request prior to the deadline may have an opportunity to request late renewal or reinstatement of their license in certain jurisdictions. To see which jurisdictions allow for late renewal/reinstatement and for more information, go to the State Renewal Information Page. If your jurisdiction allows for late renewal/reinstatement, follow the original renewal steps found here: Renewal Overview. Call Center Holiday HoursPosted 12/22/2009
The NMLS Call Center will have adjusted hours through year end as follows (shown in EST):
December 24th 9:00 am - 3:00 pm
December 28th 8:00 am - 8:00 pm
December 29th 8:00 am - 8:00 pm
December 30th 8:00 am - 8:00 pm
December 31st 8:00 am - 7:00 pm New State Test Components Released Posted 1/12/2010 The next group of SAFE State MLO Test Components are now available. Candidates may enroll and take any of the following components: Arkansas, Mississippi, Nebraska, New Mexico, New York, South Dakota. The outlines for these states can be viewed here: Content Outlines. To learn more about taking a test, please see the MLO Testing Handbook. Mortgage Testing and Education Board Posted 12/4/2009 State Regulatory Registry LLC announces the formation of the Mortgage Testing and Education Board (MTEB). For more information about the board and its responsibilities please refer to the media release. Call Center Holiday HoursPosted 11/23/2009 The NMLS Call Center will have reduced hours in observance of the Thanksgiving Holiday. The call center hours will be as follows:
Wednesday, November 25th - 9:00 a.m. to 5:00 p.m. EST
Thursday, November 26th – Closed
Friday, November 27th – 9:00 a.m. to 3:00 p.m. EST Test Performance InformationPosted 5/7/2010 Notice on Cleanup of Unsubmitted FilingsPosted 11/17/2009
In order to improve system performance, pending filings created prior to January 2009 that were never submitted to a regulator are being deleted from NMLS. The deletion of these unsubmitted pending filings will not affect your license, nor any filings created after January 1, 2009. Licensees are reminded that, notwithstanding deadlines that might apply within individual states, changes to your licensing information must be reported to state regulators through NMLS within 30 days of occurrence. If you have any issues, please contact the NMLS Call Center.
MLO SAFE Compliance Requirement ChartPosted 11/6/2009 An overview of SAFE compliance deadlines for mortgage loan originators has been posted on the NMLS Resource Center. The chart provides information on each agency’s SAFE Requirements. The chart is not a complete listing of all requirements to obtain and/or maintain a license in a state. MLOs must consult each state’s full requirements. The chart provides various compliance deadlines to assist MLOs and their companies. It will be updated regularly. The chart can be found in the Professional Requirements section of the website. Download: MLO SAFE Compliance Requirement ChartMU Form ChangesPosted 11/5/2009
Approved changes to the MU Forms will be implemented in January 2010. The changes are in response to comments received during the NMLS Public Comment Period. The MU Forms Working Group reviewed this input and NMLS’ Mortgage Licensing Policy Committee approved these form changes. The MU Form changes will take effect in NMLS and the Policy Guidebook on January 25, 2010. For more details see MU Form Changes (PDF, 2MB). CSBS seeks comments on education services feesPosted 11/4/2009 CSBS is inviting comment on 2010 education services fees charged to course providers. More information can be found here: Proposals for Comment. The comment deadline is Friday, December 4, 2009.
More Test Components Coming December 10Posted 12/9/2009 New content outlines have been posted for the following state specific test components: Arkansas, Mississippi, Nebraska, New Mexico, New York, and South Dakota. Candidates will be able to begin enrolling for these state test components on November 10th, and the first test appointments will be available beginning December 10th. New State Test Components Released Posted 12/9/2009 The next group of SAFE State MLO Test Components are now available. Candidates may enroll and take any of the following components: DC, GA, KY, MD, MI, WY and VA. The MA test component is also now available. The outlines for these states can be viewed here: Content Outlines. To learn more about taking a test, please see the MLO Testing Handbook. License Renewal Workshop on November 4Posted 10/21/2009 NMLS is sponsoring a web-based training workshop on the NMLS 2010 Streamlined Renewal Process, November 4 at 2:00 pm ET. Companies will learn to effectively manage the renewal process for their company, branch and loan officer licenses in all participating jurisdictions. The registration deadline is November 3. For more information see NMLS Workshops. Consumer Access website coming January 2010Posted 10/24/2009 Nationwide Mortgage Licensing System will be launching NMLS Consumer Access in January 2010. NMLS Consumer Access will be a separate fully searchable website that allows the public to view certain information about state-licensed companies, branches, and individuals licensed and registered through NMLS. For more see NMLS Consumer Access Overview. NMLS Policy Guidebook for Licensees releasedPosted 10/7/2009 The NMLS Policy Guidebook for Licensees is a compilation of the policies that were adopted by the Residential Mortgage Regulatory Taskforce (RMRT) in creating the uniform licensing forms and the NMLS. The Policy Guidebook embodies the collective input and decisions of the RMRT since 2005 when the project was initiated. The Policy Guidebook should assist licensees and applicants in understanding the policies related to using NMLS. The Policy Guidebook will be updated as needed to reflect decisions of the RMRT. Download: NMLS Policy Guidebook (PDF file 4.2MB) License Renewal Workshop on October 14Posted 10/7/2009 NMLS is sponsoring a web-based training workshop on the NMLS 2010 Streamlined Renewal Process, October 14 at 2:00 pm ET. Companies will learn to effectively manage the renewal process for their company, branch and loan officer licenses in all participating jurisdictions. The registration deadline is October 13. For more information see NMLS Workshops. CSBS seeks comments on background check policiesPosted 10/26/2009
On behalf of the state regulators participating in NMLS, CSBS is inviting comment on the policies related to background check and credit report processing in NMLS. More information can be found here: NMLS Comments. The comment deadline is Wednesday, October 14, 2009. Test enrollment opens for new group of statesPosted 10/24/2009
The next group of SAFE MLO State Test Components is now available for enrollment and scheduling: DC, GA, KY, MD, MI, WY and VA. The outlines for these states are can be viewed here: Content Outlines. The first test appointments will be available beginning October 22nd. |
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Two-Factor Renewal (FEDERAL)Posted 1/27/2012
Institution users are required to annually renew their two-factor credential subscriptions. The annual subscription fee is $55. These users will receive an email notification when their subscription is 30 days from expiring, and will be reminded each time they log in to NMLS. For information on renewing your credential subscription, see the Pay Credential Subscription Fees Quick Guide. Note: This applies only to institution users, not individual MLOs. Reactivating a Federal Registration (FEDERAL)Posted 1/5/2012 Institutions that employ Federal Registrants who failed to renew can reactivate a registration by following the procedure for annual renewal. For more information, see Annual Renewal and Reactivation. Training Webinar: Reviewing FBI Criminal History (FEDERAL)Posted 8/4/2011 The SAFE Act requires federally regulated institutions to review the results of FBI criminal background checks performed on their MLOs. NMLS is sponsoring a training webinar on August 18 for institutions to learn, directly from FBI experts, how to review a criminal background check. For more information see FBI Criminal History Record Information Webinar. Oklahoma new address effective August 15thPosted 8/3/2011
Oklahoma Department of Consumer Credit
3613 NW. 56th Suite #240
Oklahoma City, OK 73112-4512
Minnesota Shut Down is OverPosted 8/3/2011
The Minnesota government shutdown is over. The Department of Commerce will be reviewing license applications as quickly as possible. Response times may be delayed due to the volume of requests. Federal Registrant Information to be made available through Consumer AccessPosted 8/3/2011
Following the end of the initial transition period for the registration of federally regulated mortgage loan originators on July 29, 2011, certain information provided by institutions and individual mortgage loan originators will be publicly viewable through NMLS Consumer Access. A guide explaining what information will be made available through NMLS Consumer Access, how that information will be displayed, and from what sources the information is derived can be found here. This information is expected to be available beginning August 1, 2011. Initial Transition Period for Federal Mortgage Loan Originator Registration Ends July 29Posted 7/26/2011 Virginia Adds Exempt Company Registration Posted 5/9/2011 Iowa Adds Closing Agent LicensesPosted 5/12/2011 PR Adding MLO License April 29Posted 4/5/2011 The Office of the Commissioner of Financial Institutions of Puerto Rico will start accepting new mortgage loan originator applications through NMLS starting April 29, 2011. For details see the PR OCIF Website. Hawaii Approaching Processing DeadlinePosted 3/15/2011
The U.S. Department of Housing and Urban Development (HUD) has allowed the State of Hawaii until March 31, 2011 to fully comply with the licensing provisions of the federal and Hawaii Safe Acts. For information on the applicability of this decision to Hawaii Mortgage Loan Originator and Mortgage Loan Originator Company license applications, see Hawaii DFI Extension. The Division of Financial Institutions (DFI) of the State of Hawaii is committed to processing all applications filed by December 31, 2010 to meet the HUD’s extended deadline of March 31, 2011. For the individuals and companies who filed an application on or after January 1, 2011, DFI will continue to process the applications in the order received; however, DFI may not be able to complete the processing of these applications by the March 31 deadline. South Carolina BFI Extension Has Expired Posted 3/9/2011 The South Carolina BFI extension allowing applicants, who submitted a filing by November 1, 2010, to conduct business during license processing expired on March 1, 2011. Only licensees who hold an approved license may conduct business in South Carolina under the jurisdiction of SC BFI. Virginia Approaching Deadline Posted 4/1/2011
Virginia has a transition deadline of April 1, 2011 for companies and branches. Licensees should review transition checklists for more details. See Virginia License Requirements. NMLS Begins Federal Registration Posted 3/15/2011 Federal Agencies Announce Expected Opening Date for Federal RegistryPosted 1/31/2011
The federal banking agencies, along with the Farm Credit Administration, recently announced that they expect the NMLS Federal Registry to begin operation on or around January 31, 2011. For more information, including resources currently available to help institutions prepare for the federal registration process, see Federal Registration. VA Adds Company and Branch Licenses Posted 1/3/2011 Florida Extends SAFE DeadlinePosted 2/16/2011
All current Florida licensees must file a new license application in NMLS by December 31, 2010. Individuals and businesses holding an active license can continue to work beyond December 31 as long as the application has been filed and all license requirements are completed by March 31, 2011. For details see the Florida Office of Financial Regulation press release. HUD Approves South Carolina BFI Processing Extension Posted 2/16/2011
In response to a request from the South Carolina Board of Financial Institutions, HUD has approved the agency’s request to permit companies, branches, and their originators that filed applications with SC-BFI prior to November 1, 2010 to continue mortgage lending and servicing activity in South Carolina until March 1, 2011. The additional time is necessary for final processing of these pending applications. This extension does not apply to MLOs or companies that are applying to the South Carolina Department of Consumer Affairs.
HUD Grants Hawaii ExtensionPosted 12/9/2010 The U.S. Department of Housing and Urban Development has allowed the State of Hawaii until March 31, 2011 to fully comply with the licensing provisions of the federal and Hawaii Safe Acts. For information on the applicability of this decision to Hawaii Mortgage Loan Originator and Mortgage Loan Originator Company license applications, see Hawaii DFI Extension. December 31 Transition DeadlinesPosted 1/3/2011
Licensees in Hawaii, Florida, Maryland and Utah DFI have a deadline of December 31 to complete their transition onto NMLS. For complete details and requirements for each state agency, see State Licensing. Minnesota Approaching DeadlinePosted 11/16/2010 VT Adds Loan Servicer LicensesPosted 10/18/2010 CO Adds Mortgage Company Registration Posted 10/5/2010 Five New Agencies Begin Using NMLSPosted 10/1/2010 NMLS is now receiving new application and transition filings for Florida, Maine, Minnesota, Nevada and Utah DFI. Licensees and new applicants are now able to submit records to these jurisdictions through NMLS. For more information see State Licensing. South Carolina BFI Extends Processing Date Posted 9/29/2010 The South Carolina Board of Financial Institutions has extended the license application processing deadline until December 31, 2010. Mortgage lenders (originators and servicers) that file applications and have paid appropriate fees may continue to operate in the state until the extended date. Failure to have completed application packages by December 31, 2010 with all statutory (SAFE and Title 37 Chapter 22) requirements met will restrict your ability to operate beyond that date. See SC BFI Memo for further information. West Virginia Approaching DeadlinePosted 9/14/2010 Texas SML Approaching Deadline Posted 8/16/2010 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 DeadlinePosted 8/3/2010 The 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. New Jersey Extends Processing DatePosted 7/29/2010 The 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 DatePosted 7/29/2010 The 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. Federal Agencies Publish Final Rule for the Federal Registry Posted 9/3/2010
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. NM and VI Approaching Transition DeadlinePosted 8/13/2010
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) Florida Announces Participation in NMLS Posted 7/29/2010
The Florida Office of Financial Regulation announces it will begin accepting all mortgage license applications through NMLS on October 1, 2010. As required by federal and state law, individuals that want to apply for a loan originator license and businesses that want to apply for a mortgage broker or mortgage lender license will be required to submit their application through NMLS starting October 1, 2010. For details see the Florida Transition Plan. Hawaii Announces Participation in NMLS Posted 7/29/2010
The Hawaii Division of Financial Institutions has announced its participation on NMLS. HI DFI will begin accepting new application and transition requests through NMLS starting October 5, 2010. For details see the Hawaii Transition Plan. WA Approaching July 1st MLO Licensing Deadline Posted 6/18/2010 All Mortgage Loan Originators previously exempt under Washington State's Consumer Loan Act must be licensed by Washington Department of Financial Institutions by July 1st. For more information see Washington Requirements. Minnesota Announces Participation in NMLSPosted 7/26/2010
The Minnesota Department of Commerce has announced its participation on NMLS. MN DOC will begin accepting new application and transition requests through NMLS starting October 1, 2010. For details see the Minnesota Transition Plan. Nevada Announces Participation in NMLS Posted 7/26/2010
The Nevada Division of Mortgage Lending has announced its participation on NMLS. Nevada DML will begin accepting new application and transition requests through NMLS starting October 1, 2010. For details see the Nevada Transition Plan. Utah DFI Announces Participation in NMLS Posted 7/26/2010
The Utah Department of Financial Institutions has announced its participation on NMLS. Utah DFI will begin accepting new applications for Mortgage Loan Originators through NMLS starting October 1, 2010. For details see the UT-DFI Transition Plan. Maine Announces Participation in NMLSPosted 5/17/2010
The Maine Bureau of Consumer Credit Protection has announced its participation on NMLS. Maine BCCP will begin accepting new applications and transition requests for Mortgage Loan Originators through NMLS starting October 1, 2010. For details see the Maine BCCP Transition Plan. Five Agencies Approaching Transition Deadline Posted 5/7/2010
The following regulatory agencies have a transition deadline at the end of May. Licensees should review each state agency's transition plan for more details.
California DOC - May 28
Montana – May 31
Oregon – May 31
Utah DRE – May 31
Texas SML – May 31 NJ and SC DCA Approaching DeadlinesPosted 4/12/2010 New Jersey and South Carolina DCA both have a transition deadline of April 30, 2010. Licensees should review each state's transition plan for more details: New Jersey (Company and Branch) South Carolina DCA (Company, Branch, and Individual) MO, TX and VI Begin Using NMLS Posted 4/2/2010 NMLS is now receiving new application and transition filings for Missouri, Texas and the Virgin Islands. For more information see State Licensing. Indiana DFI and Oregon Add New LicensesPosted 4/1/2010 Indiana Department of Financial Institutions and Oregon Division of Finance & Corporate Securities have begun accepting new mortgage loan originator applications through NMLS. For details see State Licensing. Three States Approaching Transition DeadlinePosted 3/8/2010
The following state agencies have a transition deadline of March 31. Licensees should review each state's transition plan for more details: Oregon (company and branch licenses) Illinois (company and branch licenses) Wisconsin (all licenses) California DRE and Wyoming Receiving Applications Through NMLSPosted 3/1/2010 NMLS is now receiving new application and transition filings for California Department of Real Estate. Wyoming Division of Banking is now receiving Mortgage Loan Originator License applications. For more information see State Licensing. California DRE Announces Participation in NMLS Posted 2/16/2010 The California Department of Real Estate has announced its participation on NMLS. CA-DRE will starting accepting new application and transition requests through NMLS starting March 1, 2010. For details see the California DRE Transition Plan. Missouri Announces Participation in NMLSPosted 2/1/2010 The Missouri Division of Finance will start accepting new mortgage loan originator applications through NMLS starting April 2, 2010. For details see the Missouri Transition Plan. Texas SML Announces Participation in NMLS Posted 1/28/2010 The Texas Department of Savings and Mortgage Lending has issued an announcement indicating their participation on NMLS. TX-SML will starting accepting new application and transition requests through NMLS starting April 2, 2010. For details see the Texas SML Transition Plan. New States Receiving Applications Through NMLSPosted 1/4/2010 NMLS is now receiving new application and transition filings for the following states: CA (DOC), CO, IL, KS, MT, NJ, OH, OR, SC (BFI & DCA), UT (DRE), WV and WI. Licensees and new applicants are now able to submit records to these jurisdictions through NMLS. In addition, the following states are maintaining additional licenses on NMLS: GA, MI and NE. For more information see State Licensing. KS, NJ and WV Announce Participation in NMLSPosted 1/28/2010
The Kansas Office of the State Bank Commissioner, New Jersey Department of Banking and Insurance, and West Virginia Division of Banking issued separate announcements indicating their participation on NMLS. Kansas, New Jersey, and West Virginia will begin accepting new applications and transition requests through NMLS starting January 4, 2010. For details see each state's transition plan. Ohio and Colorado Announce Participation in NMLSPosted 1/28/2010 The Ohio Division of Financial Institutions and Colorado Division of Real Estate issued separate announcements indicating their participation on NMLS. Ohio and Colorado will begin accepting new applications and transition requests through NMLS starting January 4, 2010 (Colorado - Mortgage Loan Originators only). For details see each state's transition plan. Wisconsin and Utah announce participation in NMLS Posted 12/1/2009 The Wisconsin Department of Financial Institutions/Division of Banking and the Utah Division of Real Estate have issued separate announcements indicating their participation on NMLS. Wisconsin and Utah-DRE will begin accepting new applications and transition requests through NMLS starting January 4, 2010. For details see each state's transition plan.
Oregon announces participation in NMLS Posted 11/10/2009
The Oregon Division of Finance & Corporate Securities has issued an announcement indicating their participation on NMLS. Oregon will begin accepting new applications and transition requests through NMLS starting January 4, 2010. For details see the Oregon Transition Plan. New Hampshire Adds New LicensePosted 11/4/2009
New Hampshire is now offering an Exempt Company Registration for companies who wish to manage their Mortgage Loan Originators in NMLS but are exempt from licensure. For more information see New Hampshire’s licensing requirements. South Carolina announces participation in NMLSPosted 11/2/2009 South Carolina Board of Financial Institutions and South Carolina Department of Consumer Affairs have issued an announcement indicating their participation on NMLS. SC-BFI and SC-DCA will begin accepting new applications and transition requests through NMLS starting January 4, 2010. For more see the transition plans for SC-BFI and SC-DCA. MLO License Renewal Requirements Posted 11/2/2009 A comprehensive overview of MLO Renewal Requirements has been posted in the Renewal Section (State Licensing > Common Requirements > Renewals). The chart provides detailed information on renewal requirements as determined by each agency. Illinois announces participation in NMLS Posted 10/28/2009 The Illinois Department of Financial and Professional Regulation has issued an announcement indicating their participation on NMLS. Illinois will begin accepting new applications and transition requests through NMLS starting January 4, 2010. For details see the Illinois Transition Plan. Exempt Company RegistrationPosted 10/26/2009
As of October 1, 2009, several state agencies will offer an Exempt Company Registration for companies who wish to manage their Mortgage Loan Originators in NMLS but are exempt from licensure. The Exempt Company Registration is now available in NMLS for the following states: Georgia, Indiana DFI, Iowa, Kentucky, Maryland, Massachusetts, Rhode Island, and Tennessee. For more see State Licensing Requirements. Alabama receiving filings in NMLSPosted 10/26/2009 Iowa adds new licenses in NMLSPosted 10/26/2009
Iowa is now accepting applications for the following licenses: Master Loan Company Registration, Regulated Loan Company Branch License, Nonresident Regulated Loan Company Branch License, Industrial Loan Company Branch License, Nonresident Industrial Loan Company Branch License, and Mortgage Loan Originator License. Licensees are now able to apply for these licenses through NMLS. For more see Iowa License Descriptions and Checklists. Arizona adds two new licenses in NMLSPosted 10/26/2009
As of October 1, Arizona is accepting applications for the Commercial Mortgage Broker License and the Commercial Mortgage Broker Branch License. Licensees are now able to apply for these licenses through NMLS. For more see Arizona License Descriptions and Checklists. Massachusetts adds new registration in NMLSPosted 10/26/2009 |
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