In the past year, a number of states have expanded their use of the Nationwide Mortgage Licensing System (NMLS) to manage license authorities beyond the mortgage industry. The NMLS now administers state licenses for a variety of license types, including:

  • Money Transmitters 
  • Collection Agencies 
  • Pawnbrokers 
  • Insurance Premium Finance Companies 
  • Motor Vehicle Sales Finance Companies 
  • Motor Vehicle Retail Sellers 
  • Check Cashers 
  • Debt Adjusters 
  • Debt Management Service Providers 
  • Payday Lenders

The expansion of the NMLS into new license types is expected to continue in 2013 and beyond, raising important questions about licensing compliance and state regulatory supervision. In this webinar, we will review the system's functionality and discuss ways that companies can adapt their compliance practices to this new licensing landscape.

Our panelists include Leslie Pettijohn, the Texas Consumer Credit Commissioner, and Tim Doyle, a top official with the Conference of State Bank Supervisors, which created the NMLS and whose wholly owned subsidiary, the State Regulatory Registry LLC (SRR), owns and operates the NMLS.  

topics

  • How the NMLS works 
  • How state reporting and renewal requirements are affected by the NMLS 
  • The impact on examinations and state supervision 
  • Additional states and license types migrating to the NMLS

program

12:00 PM - 1:00 PM ET | Webinar

moderator

John D. Socknat, Practice Leader
Mortgage Banking Group
Ballard Spahr

presenters

Leslie Pettijohn, Consumer Credit Commissioner
Texas Office of the Consumer Credit Commissioner

Tim Doyle, Senior Vice President
Conference of State Bank Supervisors

Reid F. Herlihy
Mortgage Banking Group
Ballard Spahr 

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa Prickril at prickrill@ballardspahr.com.

Related Practices

Consumer Financial Services
Mortgage Banking