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Financial Services Law Insights and Observations

Massachusetts Division of Banks updates extensions for licensee filings

State Issues Licensing NMLS Covid-19 Call Report Massachusetts

State Issues

On March 30, the Massachusetts Division of Banks (DOB) issued an update for licensees to clarify the filing deadlines for financial statements and call reports in light of the NMLS policy decision. The DOB is providing a 60-day extension to file financial statements, a 30-day extension to submit Call Reports and the MCR Standard Financial Condition Report, and a 60-day extension for Annual Reports.