NMLS Policy Changes in Response
to COVID-19 Pandemic
March 31, 2020

The NMLS Policy Committee has been reviewing certain NMLS policies in response to the COVID-19 pandemic and its impact on state regulated entities.
Following the Federal Financial Institutions Examination Council's release announcing there would be a 30-day extension for certain reports, the NMLS Policy Committee has amended the previously announced 60-day temporary deadline extension for the following types of reporting submitted in NMLS: 

  • Money Services Businesses Call Report
  • Mortgage Call Report
  • Mortgage Call Report Financial Condition
  • Financial Statements 

With the amended policy, instead of an extension, the NMLS Policy Committee encourages regulators to be lenient and not take administrative action if reports are filed within 30 days of the placement of the License Item.
To accommodate this temporary change in reporting deadlines, new language will appear in the external notes field for the following set license items: 
  • Financial Statement Not Submitted
  • Financial Statement Insufficient
  • Standard- Financial Condition – 2019
  • Standard-RMLA - 2020(Q1)
  • MSBCR - 2020 (Q1)

Additional Updates 
  • State Agency Operating Status - Click here to view the State Agency Operating Status list for information on the operating status of your state agency. 
  • NMLS Call Center Status - At this time, the Call Center is operating at full capacity. Steps are being taken to implement contingency plans that would ensure the health and safety of agents while also maintaining their availability to provide NMLS support.

We will continue to keep you update to date with issues impacting NMLS users during this unprecedented time. Also, visit the NMLS Coronavirus/COVID-19 Updates page on the NMLS Resource Center for status updates.   


We will continue to bring you updates as we receive them.

Stay safe & well!

NYAMB's Legislative Committee
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New York Association of Mortgage Brokers
Representing Mortgage Brokers since 1985