MU1R Key Terms
Definitions of terms frequently used when completing and managing MU1R filings in NMLS.
- Attestation
- The confirmation by an authorized user that the information in an MU1R filing is accurate and complete. An MU1R cannot be submitted until attested.
- Base Record
- A system record that maintains the unique identifier and basic information for an institution or individual. A base record must exist before a corresponding filing can be created and submitted.
- Entity
- An institution or individual with a base record in NMLS. For MU1R purposes, an entity is a federally regulated institution such as a credit union, commercial bank, or thrift.
- Filing ID
- The unique identifier number generated by NMLS for each filing created. Each MU1R filing receives a Filing ID when it is created.
- Historical Filing
- A filing that has been processed by the system and is viewable from the Composite View tab or the Historical Filings screen.
- Institution
- A federal agency–regulated entity required to register in the NMLS Federal Registry, such as a bank, credit union, or thrift.
- Institution Access Rights
- The rights an institution must have to access an individual’s record in order to create or submit MU4R filings on the individual’s behalf or to view the individual’s information.
- Pending Filing
- An MU1R filing that has been created but not submitted. Pending filings remain in
Unsubmitted
status until deleted or submitted. - Registration
- The authorization that allows an institution or individual to engage in mortgage activity pursuant to its charter and regulatory requirements.
- RSSD ID
- The unique identifier assigned by the Federal Reserve to a depository institution. This ID is used in NMLS to associate institution records.
- Subsidiary
- An institution that is owned and controlled by another institution. Subsidiaries may also be required to file MU1R registrations depending on their activities.