Answering MU2 Form Filing Disclosure Questions

Answer all disclosure questions on the MU2 Form and provide explanations or updates when required.

About this task

Use the Disclosure Questions section of the Individual (MU2) Form to provide required information about financial, legal, or regulatory events. All disclosure questions must be answered. A Yes response requires an accompanying disclosure explanation, and some No responses may also require clarification in the Disclosure Explanations section. Updates are required within 30 days of any change, or sooner if mandated by state law. For authoritative definitions and requirements, see the NMLS Policy Guide.

Procedure

  1. Navigate to the NMLS Login page (State Context).
  2. Log in to your NMLS account.
  3. Select the MU2 tab.
  4. Click Review and Attest, then open the Disclosure Questions section from the left navigation panel.
  5. For each question, select the appropriate Yes or No radio button.
    Note: If you answer Yes, you must add an explanation in the Disclosure Explanations section before attesting to the filing.
    Note: Some No responses also require additional information. Review instructions carefully to ensure compliance.
  6. Click Save after answering all questions.
  7. Update disclosure questions promptly if circumstances change.
    Note: Updates are required when an answer changes (including from Yes to No) or within 30 days of an event, whichever is shorter.
    Note: Foreclosure actions (Question A3) must be answered Yes once initiated, even if not final.