The Nationwide Mortgage Licensing System continues its expansion into new license types beyond the mortgage industry. The NMLS now administers state licenses for a variety of new 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

Additional state licenses will be migrating to the NMLS in 2014 and beyond. There are important considerations regarding licensing compliance and state regulatory supervision that are associated with holding a license administered through the NMLS. In this webinar, we will review the system's functionality and discuss ways that companies can adapt their licensing and compliance practices to this new format. 

topics

  • How the NMLS works and basic functionality
  • How state reporting requirements are affected by the NMLS
  • Changes to the renewal process
  • The impact on examinations and state supervision
  • Confidentiality of information submitted on the NMLS
  • Additional states and license types migrating to the NMLS

program

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

presenters

John D. Socknat, Practice Leader
Mortgage Banking Group

Reid F. Herlihy
Mortgage Banking Group

Danielle Fagre Arlowe, Senior Vice President
American Financial Services Association

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.

Program Contact

Lisa M. Prickril
215.864.8252
prickrill@ballardspahr.com