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  Streamlined Annual Renewals

NMLS annual renewal begins November 1st and ends December 31st of each year. A reinstatement period follows from January 1st through February 28th; not all state agencies allow for reinstatement.

 

Step 1 – Prepare for Renewal

NMLS has prepared renewal handbooks for state-licensed companies and individuals to help guide them through the renewal process. These handbooks provide information on how to prepare to and request renewal of licenses in NMLS. All records must be up-to-date and in an approved status before requesting renewal. Use the Preparing for Company Renewal Quick Guide to review the information on record and confirm the status of a license or registration.

Review the renewal checklists for any state agency-specific requirements.

During the 2016 Streamlined Renewal period, the System will rely on Criminal Background Check (CBC) settings provided by regulators. If a state requires a new CBC during renewal and a CBC has been authorized within the last 90 days, regulators have the option to either accept the 90 day look-back or require a new CBC authorization.

  • Exceptions
    • Missouri will allow a 30 day look-back.
    • New York will require a CBC to be authorized during the Renewal Period.
    • In order to renew a Tennessee mortgage loan originator license for 2016, licensees who have not completed a CBC through NMLS since January 1, 2013 must complete one during the Renewal Period.

If a state agency requires a new Credit Report (CR) during renewal and a CR has been authorized within the last 30 days, regulators have the option to either accept the 30 day look-back or require a new CR authorization.

  • Exceptions
    • Missouri, New York, and North Carolina will require a CR authorized during the Renewal Period.

Step 2 – Make Sure Your Record is Up To Date in NMLS

Confirm you are able to access your NMLS account by logging in with your username and password. If you need assistance with your log in credentials, utilize the “Forgot your User Name/Password” hyperlinks on the NMLS log in screen. A brief video is available to assist you with this process.

Review the information on record in the Composite View tab of NMLS. If updates are necessary, use the appropriate quick guide to make updates:

Step 3 – Review Deadlines,  Requirements, and Fees

Review all applicable state(s) renewal requirements. Select an Agency, Entity Type and License Name using the drop-down box below to determine renewal deadlines, requirements, fees, etc. Licenses not required to renew through NMLS for 2016 will not be available for section below. Click here for more information.

*Agency:
*Entity Type:
*License Name:

Step 4 – Request Renewal

As of November 1st, licensees can log in to NMLS, click the Renewals Tab, and request renewal of their license(s). Alternatively, licensees also have the ability to identify licenses they do not wish to renew.

In certain instances, sponsoring companies may wish to submit a renewal requests on behalf of an individual licensee. Individuals should consult with their sponsoring company to determine who is responsible for the submission of their renewal request.

A completed renewal request will reflect a "Renewal Requested" renewal status in the Composite View tab of NMLS and the licensee will receive a confirmation email from the System.

Step 5 – What's Next?

Once Step 4 is completed, your state agency is notified of your renewal request. Your state agency will review your request, communicate any identified issues, and ultimately update the status of your renewal request.

The Composite View tab in NMLS contains the most up- to-date information regarding the status of your renewal request. The NMLS Call Center is able to provide the status as it is displayed in the System and does not have additional information regarding the status of a renewal request. The NMLS Call Center does not have the ability to change the status of your renewal request.
 
 

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