The Reverse Mortgage Lending Dual Authority License and the Reverse Mortgage (HECM) Lending License appear to be the first licenses related exclusively to reverse mortgage lending activities on NMLS.
The Division of Financial Institutions extended its earlier guidance for licensees with locations in Hawaii to July 31, 2020.
The Department of Consumer Credit issued a third extension to its interim guidance to regulated entities, extending the guidance through Sept. 30, 2020.
NYDFS issued a a Memorandum of Understanding with the State University of New York to launch a virtual currency program and resources intended to help virtual currency market participants.
According to the OCC, state laws that are intended to impose licensing requirements on a national bank’s exercise of fiduciary powers are preempted and satisfaction of an exemption from those requirements is not required.
The Office of Financial Regulation issued Emergency Order 2020-04, which extends filing deadlines for certain mortgage and MSB licenses.
The Department of Financial Institutions issued interim regulatory guidance permitting mortgage loan originators to work from home until December 31, 2020.
The Department of Financial Institutions issued amended guidance for state-regulated and exempt residential mortgage loan servicers.
In April 2020, a number of changes were made to the Guidebook, including the addition of a section on “Non-Disclosable Events and Regulatory Actions.”
The Banking Commissioner in Connecticut issued a memorandum extending its “no action” position regarding temporary work-from-home guidance.
The Office of the State Bank Commissioner extended its remote work guidance for mortgage companies, mortgage loan originators, supervised loan licensees, credit services organizations, money transmitters, and credit notification registrants.
State-licensed companies should be on the lookout for fraudulent communications suggesting that a filing or payment is required from them in order to remain in good standing with various secretaries of state.
The Office of Financial Institutions updated its non-depository 2020 Covid-19 emergency declarations to extend earlier guidance regarding closure of licensed locations and temporary location changes.
The South Dakota Division of Banking extended the time period in which licensed mortgage loan originators can work from home until December 31, 2020.
The Department of Consumer Credit extended previous guidance permitting MLOs and employees of regulated entities to work from home or an alternate site.
The Department of Banking and Insurance issued a bulletin to certain licensees regarding temporarily working from home due to Covid-19.
The New Mexico Financial Institutions Division extended its guidance allowing mortgage licensees and their staff to work from home until August 31, 2020.
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.
The Department of Banking extended its no-action position with respect to licensees temporarily working from home during Covid-19 through June 30, 2020.
The Department of Business of Industry, Division of Mortgage Lending extended its provisional guidance for MLOs to work from home through August 31, 2020.