Upcoming deadline: Nebraska NMLS license transitions
All current Nebraska collection agency licensees that fail to transition to NMLS by December 31 will need to reapply for a license.
DFPI reminds CFL licensees of December 31 transition deadline
Licensees not currently on NMLS must establish an account in the system and transfer information to DFPI through NMLS on or before the deadline.
Utah amends mortgage practices and licensing rule provisions
Amendments to the Residential Mortgage Practices and Licensing Rules to eliminate unnecessary and redundant licensee expenses for criminal background checks and credit reports.
DFPI addresses several MTA licensing exemptions
The new opinion letters cover aspects of the California Money Transmission Act related to virtual currency and agent of payee rules.
Checkpoint: The NMLS company account creation process
We provide insights into common account creation hurdles that companies face as thousands of California Financing Law licensees are transitioning to NMLS.
Reminder: Complete annual continuing education for 2021 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Arkansas and Connecticut adopt electronic surety bonds
They join a majority of states that require new applicants for certain licenses to submit ESBs in lieu of paper bonds, and require current licensees to convert their paper bonds to ESBs.
West Virginia Division of Financial Institutions renewal submissions [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
CSBS urges early NMLS licensing renewal
According to CSBS, early renewal is critical due to an increase in the number of licensees eligible for renewal.
DFPI addresses MTA licensure requirements in new letters
The opinion letters cover aspects of the California MTA related to bitcoin ATMs and kiosks and the Agent of Payee exemption.
Texas adopts numerous mortgage-related provisions
It is recommended Mortgage Company, Mortgage Banker, and MLO licensees in Texas review the amendments to these new rules.
FATF updates virtual assets and service provider guidance
The Financial Action Task Force updated pre-existing guidance on its risk-based approach to VAs and VASPs originally released in 2019.
NYDFS issues proposed amendments to debt collection rules
The agency issued draft proposed amendments to 23 NYCRR 1, which regulates third-party debt collectors and debt buyers.
Connecticut Department of Banking to adopt electronic surety bonds [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
West Virginia NMLS renewal submissions [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Update: NMLS intermittent issues [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
APPROVED Checkpoint: Key takeaways from latest NMLS Ombudsman meeting
The virtual meeting focused on the NMLS modernization effort, the SES, the pandemic and remote work, and the CSBS Money Transmitter Model Law.
NMLS seeks comments on changes to Money Services Businesses Call Report
CSBS issued a request for public comments on behalf of NMLS-participating state regulatory agencies. Comments are due December 17.
Creditor must pay fine for collecting debts under a different name
A North Carolina-based company allegedly used a name other than its legal name when collecting unpaid debts without a Connecticut consumer collection agency license.
State regulators urge early NMLS renewals amid increase in eligible licensees [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.