On March 30, the NMLS Policy Committee amended its temporary policy for submitting reports in NMLS. Instead of the original 60-day deadline extension, the committee encourages regulators to be lenient and not take administrative action if reports are filed within 30 days of the placement of the license item (based on the standard due date). This appears to provide greater flexibility to agencies utilizing NMLS to deviate from the initial extended deadline. For details, please refer to the table below.
|Name of Report||Standard Due Date||Adjusted Due Date|
|MSBCR Q4 2019||March 31, 2020||April 30, 2020|
|MCR Q1 2020||May 15, 2020||June 14, 2020|
|MSBCR Q1 2020||May 15, 2020||June 14, 2020|
|MCR Standard Financial Condition||90 days from end of the company’s fiscal year||120 days from the end of the company’s fiscal year|
|Financial Statement||90 days from end of the company’s fiscal year||120 days from the end of the company’s fiscal year|
As a reminder, each state sets its own deadline or policy, which may be inconsistent with the guidelines above. For assistance with determining deadlines or policies within specific jurisdictions, check in with APPROVED.