InfoBytes Blog
Financial Services Law Insights and Observations
NMLS Announces System Enhancements
On September 26, the NMLS published a portfolio of targeted system enhancements scheduled for release on October 22, 2012. The release will include (i) credit report enhancements, (ii) updates to the federal registry disciplinary actions reporting pursuant to the SAFE Act, (iii) renewal enhancements, and (iv) other general system enhancements. One such enhancement would require federally registered mortgage loan originators to provide certain disciplinary action information related to any disclosure questions they answered in the affirmative.