Just a reminder that the South Carolina Bureau of Financial Institutions requires the following licenses to be transitioned to NMLS by May 31:
- Supervised Lender Company License
- Deferred Presentment Company License
- Level I Check Cashing Company License
- Level II Check Cashing Company License
The relevant NMLS transition checklists can be found here. Companies that don’t already have an NMLS record should start preparing one immediately, as it can take considerable time to complete. Also, to avoid being charged a new application fee, current licensees should enter their current BFI license number (including any and all punctuation, capitalization, etc.) in the transition number field in the NMLS.
If you need assistance with transitioning licenses to NMLS, please contact our team of licensing professionals by clicking here.