MLO Continuing Education (CE) Reminder [nmls.org]
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Learn more about this topic and others in the NMLS Resource Center.
Under new rules, a “data broker” cannot collect, sell or license brokered personal data within Oregon unless registered with the Department of Consumer and Business Services.
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Learn more about this topic and others in the NMLS Resource Center.
Learn more about this topic and others in the NMLS Resource Center.
The amendments outline numerous licensing application and renewal procedures, including several requirements set forth in the Money Transmission Modernization Act.
The licensing requirements apply to both “employer-integrated” and “direct-to-consumer” earned wage access products and services.
Among other things, the changes include new licensing provisions that require more people to obtain small loan licenses.
Licensees must register physical offices where they conduct business with the Secretary of Financial and Professional Regulation. However, they are allowed to permit MLOs to work remotely if certain conditions are fulfilled.
The updated proposed second amendment to the state’s cybersecurity regulation (23 NYCRR 500) reflects revisions made in response to comments received on proposed expanded amendments published last November.
While existing law requires collection agencies to be licensed, the amendments expand the type of activities that trigger collection agency licensure.
Among other things, subject to certain exemptions, persons servicing student loans will be required to obtain a license from the Commissioner of Financial Institutions.
The changes amend the Real Estate Appraiser Certification Act and the Real Estate Appraisal Management Company Registration Act.
enforcement actions by Maryland and federal securities enforcement agencies against cryptocurrency-related businesses that could potentially impact businesses pursuing money transmitter licensure.
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Learn more about this topic and others in the NMLS Resource Center.
Learn more about this topic and others in the NMLS Resource Center.
Digital asset service providers are required to comply with certain provisions in order to obtain and maintain a money transmission license.
Among other things, the changes amend several definitions, add new licensing conditions and outline provisions to protect Louisiana residents’ assets.
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