Highlights from the NMLS Ombudsman Meeting [nmls.org]
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
Arkansas amends FMLA mortgage licensing provisions
On April 1, the Arkansas governor signed SB 149, which amends provisions related to licensing requirements under the state’s Fair Mortgage Lending Act.
Indiana Adds Consumer Loan License to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
Idaho once again extends work from home guidance
The Department of Finance extended its temporary regulatory guidance affecting permitting mortgage brokers and lenders, mortgage loan originators, regulated lenders, title lenders, payday lenders, and collection agency licensees and registrants.
Arkansas passes law paving way for remote work
The law permits the Securities Commissioner to establish terms and conditions for mortgage loan activity to be conducted outside of an entity’s main place of business or branches.
Nebraska amends licensing requirements
On March 17, the Nebraska governor signed LB 363, which amends certain licensing requirements for installment lenders and money transmitters.
Mississippi reenacts licensing requirements
The change affects lenders who provide “credit availability transactions” to customers through fully amortized loans paid over a term of four to 12 months.
Washington passes law allowing mortgage employees to work from home
The law allows licensed MLO activity to be conducted from home if, among other things, certain state and information security requirements are satisfied.
2021 licensing trends – Turning predictions into practice [Webcast Archive]
In this Checkpoint Webcast, our panelists shared practical advice on how financial services companies can prepare to handle potential regulatory changes and develop strategies to comply with licensing and maintenance requirements.
Nevada extends work from home guidance
The Department of Business of Industry, Division of Mortgage Lending extended its provisional guidance allowing licensed mortgage loan originators to work from home until June 30, 2021.
Connecticut extends work from home guidance for licensees
The Department of Banking extended its no-action position with respect to various licensees temporarily working from home through June 30, 2021.
New York warns of “extreme risk” with cryptocurrency trading
On March 1, the New York attorney general issued two alerts warning investors about the “extreme risk” facing New Yorkers investing in virtual or “crypto” currency
DFPI addresses several MTA licensing exemptions
The new opinion letters addressed virtual currency, agent of payee rules, and transactions in which recipients are paid before a company is reimbursed.
CSBS announces new nonbank cybersecurity exam tool
During the NMLS Annual Conference, the Conference of State Bank Supervisors released an updated cybersecurity examination tool designed for nonbank financial company supervision.
Hawaii extends work from home guidance
The Department of Financial Institutions extended interim guidance permitting certain licensees with a physical presence to reduce hours or work from home to coincide with local mayors’ orders.
Texas updates guidance for regulated lenders
On February 18, the Texas Office of the Consumer Credit Commissioner issued updated guidance for regulated lenders relating to the Covid-19 crisis.
“Firsthand experience with SES” featuring Kristie Battershell
The panel discussion on Feb. 24, 2021 is part of the NMLS Annual Conference and looks at how responses to the pandemic in 2020 will shape business operations, legislative priorities, and regulatory oversight moving forward.
California Department of Real Estate reissues FAQs regarding licensing process
The FAQs respond to questions regarding, among other things, licensing and examination processes of the Department during Covid-19.
DFPI requests comment on CCFPL regulations
The invitation for comments describes specific topics for stakeholder consideration when providing comments, but the DFPI notes that commenters may provide feedback on “any potential area for rulemaking.”