New NMLS Licensing Forms 

New Company, Branch, Individual License Forms (Effective April 16, 2012)

The purpose of the new licensing forms is to: 1) to improve the information provided by applicants and licensees available to state regulators; and 2) to make the forms more universally applicable to non-depository financial services industries beyond the mortgage industry.

How will this impact licensees?

The next time a licensee updates their record, they will need to complete the new sections of the licensing form: 

• Companies will need to complete a new Business Activities section and updated disclosure questions. See Quick Guide: Form Update for Companies 
• Individuals (MLOs and Control Individuals) will need to answer new disclosure questions and complete a disclosure explanation field for any “yes” answers. See Quick Guide: Form Update for Individuals 

Will these changes apply to Federal Registration forms?

Two changes have been made to Federal Registration: the addition of a Business Phone Extension field and the ability to provide disclosure explanations for “yes” answers.  However, both of these are optional.  Federally registered individuals are not required to provide explanations and should consult with their employer.

Samples of the new licensing forms and business activites:

•  Company Form
•  Branch Form
•  Individual Form
•  Business Activities Definitions