In response to the Covid-19 pandemic, the NMLS Policy Committee on Mar. 25, 2020 extended the deadline for certain reporting obligations satisfied through NMLS, and the enrollment window for taking the SAFE MLO test.
Companies required to submit financial statements, the Mortgage Call Report, and the Money Services Businesses Call Report will have an additional 60 days from pre-established deadlines to submit such reports. Individuals will have the testing window on their test appointments extended 180 days.
The NMLS Resource Center has been updated with additional resources to provide updates on state agency operating status. In addition, the NMLS Policy Committee is encouraging states to accept documentation electronically that otherwise may have been required in hard copy.
The full announcement can be found below and on the NMLS Resource Center.
NMLS Policy Changes in
Response to COVID-19 Pandemic
In response to the COVID-19 pandemic and its impact on state regulated entities, the NMLS Policy Committee has implemented a 60-day deadline extension for the following types of reporting submitted in NMLS:
- Money Services Businesses Call Report
- Mortgage Call Report
- Financial Statement
In addition, test enrollment windows for individuals seeking to take the SAFE MLO test has been extended for 180 days, without penalties.
The NMLS Policy Committee also urges state regulators to create an electronic method of submission for all information and documents received outside of NMLS.
Visit the NMLS Coronavirus/COVID-19 page for more information as well as regular updates on NMLS status and impacts.