Amending Answers to Disclosure Questions

Update or delete previously entered answers and explanations for disclosure questions in the Company (MU1) Form.

About this task

Use the Disclosure Explanations section of the Company (MU1) Form to amend or remove answers to disclosure questions, and to add or edit related explanations. Review the applicable state State Licensing Checklist Compiler for any requirements regarding disclosure updates.

Procedure

  1. Navigate to the NMLS Login page (State Context).
  2. Log in to your NMLS account.
  3. Select Filing > Company (MU1) from the menu.
    The Company Filing screen is displayed.
  4. Select Create New Filing.
    The Company Form (MU1) opens, beginning on the Business Activities screen.
  5. In the left navigation panel, click Disclosure Explanations.
  6. To add a new explanation, click Add and complete the required fields.
    1. Select the applicable Disclosure Question from the list.
    2. Enter the Explanation with sufficient detail to address the question.
    3. (Optional) Attach supporting documentation by clicking Browse and selecting the file.
    4. Click Save to add the explanation to the disclosure record.
  7. To edit an existing explanation, click the Edit icon for that record, update the necessary fields, and click Save.
  8. To delete an explanation, click the Remove icon for the applicable record.
    Note: Removing an explanation deletes it from the filing. Ensure this action complies with your state agency’s disclosure requirements before proceeding.
  9. Proceed to Attest and Submit to complete the filing.
    Note: All completeness checks must pass before attesting and submitting. Review the attestation language carefully before confirming.