The Division of Financial Institutions extended, until September 30, 2020, interim guidance permitting licensees to reduce hours or close offices during Hawaii’s Covid-19 Emergency Period.
The Department of Finance extended guidance previously issued to certain mortgage, debt collection, and consumer lending licensees.
The opinion letters issued throughout the summer covered virtual currency and agent of payee rules under the California Money Transmission Act.
Learn more about this topic and others in the NMLS Resource Center under “NMLS News.”
Learn more about this topic and others in the NMLS Resource Center under “NMLS News.”
The Division of Financial Institutions extended its guidance temporarily permitting employees of depository and non-depository entities to work from home or some other remote location approved by the financial institution.
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
Governor Newsom signed the Budget Act of 2020, which allocates $10.2M in 2020-21 growing to $19.3M in 2022-23 to the DBO, contingent on the enactment of the law.
The Department of Consumer Affairs updated and extended its interim guidance permitting mortgage loan originators to work remotely.
The Office of Financial Institutions’ extension covers residential mortgage lenders, check cashers, bond for deed escrow agents and repossession agents, and pawnbrokers, among others.
The governor issued an executive order further extending the expiration date of certain licenses issued by the Division of Banking and the Division of Real Estate.
This Checkpoint webcast focuses on getting the most out of third-party vendor relationships and navigating potential issues during the current pandemic. APPROVED team members Tanya Anthony and Tim Lange are joined by a panel of industry leaders who share their experience and insights.
While the second-quarter VOSR typically must be submitted to the NYSDFS no later than July 30, that deadline has been extended because of the Covid-19 pandemic.
The Office of the Consumer Credit Commissioner updated its advisory bulletin urging motor vehicle sales finance licensees to work with consumers during the Covid-19 crisis.
On July 17, the Texas Office of the Consumer Credit Commissioner updated its Regulated Lender Advisory Bulletin on coronavirus emergency measures.
On July 6, the Missouri governor signed SB 599, which, among other things, modifies the state’s mortgage broker licensing requirements. The legislation is effective August 28, 2020.
HB 701 was signed into law on June 13 and provides for the licensing and regulation of virtual currency businesses in the state, effective August 1, 2020.
On July 1, 2020, the South Dakota Division of Banking began accepting mortgage branch registration applications via NMLS.