Oklahoma issues extension to interim remote work guidance
The Department of Consumer Credit extended previous guidance permitting MLOs and employees of regulated entities to work from home or an alternate site.
New Jersey extends no-action position regarding temporary work from home
The Department of Banking and Insurance issued a bulletin to certain licensees regarding temporarily working from home due to Covid-19.
New Mexico regulator extends permission to work from home
The New Mexico Financial Institutions Division extended its guidance allowing mortgage licensees and their staff to work from home until August 31, 2020.
Arizona regulator implements adjusted renewal process
The Department of Financial Institutions announced the new process that will enable licensees to renew licenses of the parent licensee and its branches at the same time.
Connecticut extends work from home guidance
The Department of Banking extended its no-action position with respect to licensees temporarily working from home during Covid-19 through June 30, 2020.
ACN and amendments [Webcast Archive]
Buckley Partner Katy Ryan joined APPROVED team members Tanya Anthony and Twilla Wojciechowski to discuss key state requirements, ACN deadlines, change of control, and tips on how to successfully manage company amendments in today’s environment. [Checkpoint Webcast]
Nevada extends work from home guidance
The Department of Business of Industry, Division of Mortgage Lending extended its provisional guidance for MLOs to work from home through August 31, 2020.
Texas extends annual report deadline for regulated lenders
The Office of Consumer Credit Commissioner revised an advisory bulletin extending the deadline from May 1, 2020 to June 1, 2020
New Jersey extends filing deadlines for certain annual reports
The Department of Banking Insurance issued a bulletin regarding the extension of deadlines for certain entities and individual regulated by the Division of Banking.
APPROVED Checkpoint: It’s time to spring clean NMLS records
Spring is a great time to review and update NMLS records. Here are some tips to help you clean up those sections of the NMLS company, branch, and individual forms that tend to get overlooked and disorganized.
Texas amends residential MLO application procedures
The amendments are intended to reduce costs for residential MLOs and to ensure consistency with current licensing procedures and processes.
Washington state extends remote work guidance for MLOs
The Department of Financial Institutions’ guidance extends earlier interim guidance permitting mortgage loan originators to work from home.
Michigan regulator issues guidance for financial services sector to comply with stay at home orders
The bulletin from the Director of Michigan’s Department of Insurance and Financial Services reiterates that work should be done remotely to the fullest extent possible in compliance with the governor’s stay at home orders.
Florida regulator reminds money transmitters of license renewal extensions
The Office of Financial Regulation reminded Money Transmitter Part II licensees that the deadline to renew licenses has been extended to June 1, 2020.
Upcoming deadline: New York Volume of Operations Report
The 2020 deadline for New York mortgage banker licensees and mortgage broker registrants to file a VOOR with the NYDFS has been extended due to the Covid-19 pandemic.
Louisiana issues emergency declarations to non-depository entities
The Louisiana Office of Financial Institutions’ guidance affects those licensed pursuant to the Louisiana Consumer Credit Law and the Louisiana Deferred Presentment and Small Loan Act, among others.
Illinois extends financial statement submission deadline for certain MSBs
The Department of Financial and Professional Regulation issued guidance to persons or entities licensed pursuant to the Transmitter of Money Act regarding the submission of financial documents.
Virginia outlines student loan servicer requirements
The Virginia legislature enacted SB 77, which requires entities servicing student loans in the Commonwealth to be licensed by the State Corporation Commission.