We are always excited to hear about a license being moved to NMLS; the most-recent addition is the Nebraska collection agency license, which is issued and regulated by the Nebraska secretary of state.
On October 1, the secretary of state began requiring Nebraska collection agency license applications be submitted via NMLS. Nebraska collection agency license applicants should refer to the company and branch new application checklists for filing information, including Nebraska in-state office requirements.
All current Nebraska collection agency licensees should have already received communication from the Nebraska secretary of state regarding transitioning to NMLS, which, among other things, requires such licensees to convert their paper bonds to ESBs. While the option to transition went live on September 1, licensees were asked to wait to transition until they received a communication from the secretary of state as part of a staggered approach that would ensure a smooth transition for the agency and licensees alike. The transition deadline is right around the corner – December 31. Licensees that fail to transition by the deadline will need to reapply for a license. Licensees should refer to the company and branch transition checklists for filing information.
If you need assistance with transitioning licenses to NMLS, please contact our team of licensing professionals.