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Federal Annual Renewal and Reactivation

From the NMLS website:

"The 2012 renewal period in NMLS has ended.  Registrations that were not renewed must now be reactivated in order to be in an 'Active' status."

“The NMLS Annual Renewal Period begins November 1 and ends December 31 each year. According to federal regulations, any institution managing registered mortgage loan originators in NMLS must renew its record in NMLS on an annual basis. Additionally, individual mortgage loan originator registrants who initially become actively registered prior to July 1 must be renewed through NMLS in that same year in order to remain actively registered. The institution is responsible for renewing its registration as well as its individual MLOs' MU4R registrations.  Individual MLOs must log in and attest to their registration renewal prior to December 31st in order for the status to remain active.  Those who do not renew will have an 'Inactive' registration status both in NMLS and on Consumer Access.  These registrations must be reactivated in order to have an 'Active' registration status.  Please consult your primary federal regulator if you have any questions regarding who is required to renew.”
 
The NMLS provides specific, detailed instructions for both institutions and MLOs to successfully renew or reactivate a registration, and even provides a Handbook to assist.
 
We hope you renewed on time and you're active! But, click here to go to the NMLS website to start your reactivation process if necessary.


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Posted: 2/2/2012 2:45:57 PM by Jennifer Sarles | with 0 comments


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