Applying for a State Company License
This section explains what the Company Form (MU1) is and how to apply for a state license or registration for your company in NMLS.
NMLS Company Form (MU1) must be completed by a company applying for a license/registration in one or more states.
If the company is applying for a new license, the Individual Form (MU2) must also be completed by individuals identified in the Direct Owners & Executive Officers, Indirect Owners with control and Qualifying Individuals on the Company Form (MU1).
The Company Form (MU1) can be used to request licenses in multiple states, however, not all license types are managed in NMLS and some information may have to be submitted to state regulators outside of the System.
The following guidelines are organized to follow the Company Form’s format in the System.
A. General Instructions
- Filing
- The Company Form (MU1) is the uniform application form that a company or sole proprietorship applying for any company license must complete. Applicants must also refer to the state licensing requirements on the NMLS Resource Center to fully understand the license requirements.
- Dates
- In NMLS, there is no distinction between the filing date and the effective date. The filing date is the date the submission is made in the system to one or more regulators. The change is made to the licensee’s record in the NMLS instantly. Thus, the effective date and the filing date are the same.
- Terms Used
- For uniformity, terms used throughout the Company Form (MU1) are defined in the .