Let’s be clear: the Nationwide Mortgage Licensing System and Registry (“Registry”) does not grant or deny license authority. Make sure you understand the role served by the Registry.
The Secure and Fair Enforcement for (SAFE) Mortgage License Act requires states to enact individual loan originator licensing requirements, enact by law or regulation a system for licensing and registering loan originators meeting prescribed specifications, and join the Registry.
The Registry is maintained jointly by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR).
All 50 states adopted the Registry, the record system for non-depository, financial services licensing or registration. It is the official system for companies and individuals seeking to apply for, amend, renew and surrender license authorities managed through the Registry by state or territorial governmental agencies.