DFPI reminds licensees about submitting annual reports
All California Financing Law licensees are required to submit their annual reports by March 15, even if the licensee had no business activity during the 2021 calendar year.
States reach $1.2 million settlement with MLOs over fraudulent SAFE Act education certifications
The enforcement action targeted a mortgage education scheme offered by a California-based company that provided false certificates claiming that MLOs took continuing education courses as required for licensure.
DFPI acknowledges challenges in obtaining a NMLS account
DFPI is “working cooperatively with the NMLS team to be able to verify those that have attempted to apply” in compliance with the Dec. 31, 2021 deadline.
DFPI adopts debt collector license application and requirements
Among other things, the regulations set forth procedures for filing a license application through NMLS and license surrender.
California reduces CFL license fingerprint fee for non-residents
The DFPI updated its CFL background check guidance to reduce the processing fee that must accompany an FBI cardstock fingerprint card.
NMLS policy guidebook updates available [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Vermont adds money transmitter kiosk ATM registration to NMLS Jan. 1 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Upcoming deadline: Fourth quarter NMLS money services businesses call report
After extensions in 2020 and 2021, the NMLS Policy Committee voted to reinstate the February 14 due date beginning in 2022.
Nevada adds money transmitter license to NMLS Jan. 1 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Hawaii adds small dollar installment loans to NMLS Jan. 1 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
NMLS annual renewal period ends Dec. 31; reinstatement period begins Jan. 1 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
DFPI extends NMLS transition for CFL licensees to March 15, 2022
All California Financing Law licensees not yet on NMLS must establish an account in NMLS and submit their information on or before the new deadline.
Final reminder: Complete annual continuing education for 2021 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Final reminder: NMLS annual renewal ends Dec. 31 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
DFPI reminds debt collectors and buyers of Dec. 31 application deadline
Debt collectors that miss the deadline will be required to wait for the issuance of a license before operating in California.
10 things to know: Transitioning CFL licenses to NMLS
The transition process can be time-consuming for California Financing Law licensees, especially those new to NMLS.
Reminder – Early renewal deadlines [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Upcoming deadline: Texas regulated lender license renewal
The renewal period is open until Dec. 31 via the ALECS online licensing portal, after which a reinstatement period of 180 days begins.
DFPI proposes additional changes to definitions under Debt Collection Licensing Act
Among other things, the proposed modifications amend the definitions of “branch office” and “debt collector.”
DFPI issues proposed rulemaking under CCFPL
The CCFPL provides DFPI with the authority to require companies that provide financial products and services to California consumers to register with the agency.