NMLS Ombudsman Meeting scheduled for 9/9/20 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center under “NMLS News.”
NMLS Policy Guidebook updates available [nmls.org]
Learn more about this topic and others in the NMLS Resource Center under “NMLS News.”
West Virginia extends remote working for regulated entities
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.
DC adds appraisal management company registration to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
California Consumer Financial Protection Law still pending
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.
South Carolina extends interim guidance to mortgage brokers permitting remote work
The Department of Consumer Affairs updated and extended its interim guidance permitting mortgage loan originators to work remotely.
Louisiana extends emergency declarations to non-depository entities
The Office of Financial Institutions’ extension covers residential mortgage lenders, check cashers, bond for deed escrow agents and repossession agents, and pawnbrokers, among others.
Colorado extends money transmitter and real estate broker licenses
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.
Maximizing vendor value [Webcast Archive]
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.
Upcoming deadline: New York volume of servicing report
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.
Texas updates guidance for motor vehicle sales finance licensees
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.
Texas extends regulated lender advisory
On July 17, the Texas Office of the Consumer Credit Commissioner updated its Regulated Lender Advisory Bulletin on coronavirus emergency measures.
Missouri amends mortgage broker licensing requirements
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.
Louisiana requires licensing for virtual currency businesses
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.
South Dakota requires mortgage licensees to register branches
On July 1, 2020, the South Dakota Division of Banking began accepting mortgage branch registration applications via NMLS.
Kansas extends remote work guidance
The Office of the State Bank Commissioner extended its remote work guidance for mortgage companies, MLOs, supervised loan licenses, credit service organizations, money transmitters, and credit notification registrations through September 15.
South Dakota Adds Mortgage Branch Registration to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
West Virginia Adds Fintech Sandbox to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”