Montana adopts mortgage licensing requirements
The new rule addresses the revocation and suspension of mortgage licenses, the reinstatement of expired or suspended licenses, and applications for initial licenses near year end, among other things.
Nevada passes licensing provision act
Among other things, the bill allows DFI to accept licensing applications through the NMLS for certain license types.
New Hampshire clarifies licensing requirements
New legislation clarifies certain deadlines and provisions in consumer credit applications and licensing requirements for mortgage loan originators.
Virginia Adds Qualified Education Loan Servicer-Federal Contractor to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Texas amends wrap mortgage loan provisions and various licensing requirements
Wrap loans will be subject to regulation like other mortgage loan products in order to provide certain protections for buyers and sellers.
Keeping your licensing house in order [Webcast Archive]
In this APPROVED Checkpoint webcast, we discussed proactive steps to keep records up-to-date with state and federal regulators.
CSBS seeks feedback on proposed MSB national licensing requirements
The new requirements are expected to streamline the licensing process as part of efforts by state regulators to expand uniformity in state regulation through a strategy called Networked Supervision.
California updates NMLS checklists for CFL license
The Department of Financial Protection and Innovation now expects all companies to apply for the CFL license electronically via NMLS.
Vermont amends licensing provisions
New legislation amends various provisions related to insurance, banking, and securities, including those related to licensing applications and the annual renewal process.
Arizona amends various financial institution rules
The Arizona governor signed into law SB 1463, a bill that makes various changes to the Arizona Department of Insurance and Financial Institutions (DIFI).
Virginia abandons in-state office requirement for consumer finance company licensees
There are now fewer than 10 states that require an in-state office in connection with a consumer or mortgage lender license.
Nevada issues final extension to its work from home guidance
The NFID stated that they will not further extend the work from home provisional guidance, and that licensees should plan accordingly.
Indiana adds consumer loan license to NMLS
Pending paper applications must be resubmitted via NMLS and companies currently holding the license must submit a transition request by October 31, 2021.
NMLS Modernization Town Hall agenda posted [nmls.org]
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
Vermont passes law allowing mortgage employees to work from home
The law allows a mortgage originator, broker, or servicer’s employees to work from their residence, assuming the individual is adequately supervised by the employer.
DFPI issues proposal on debt collector licensing applications
The notice of proposed rulemaking outlines new requirements for debt collectors seeking to obtain a license to operate in the California.
Staying in the know with Buckley regtech solutions [Webcast Archive]
Buckley offers two regtech solutions designed to help financial services companies navigate, manage, and respond to state regulatory requirements: Winnow and Mogy.
Maryland amends nondepository institution licensing provisions
On April 13, the Maryland governor signed SB 251, which amends provisions related to licensing requirements for nondepository institutions.
CSBS seeks comments on modernized NMLS
The Conference of State Bank Supervisors announced a request for public comments on proposed requirements for developing a new system to streamline the licensing application process.