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.