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.
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.