On July 30, 2018, an updated version of the NMLS Policy Guidebook was posted to the NMLS Resource Center. The announcement posted on the Resource Center home page states that "The updated NMLS Policy Guidebook does not introduce any new or different policies than those already adopted," but clearly there are changes or there would not be a need to publish an update. Our understanding is that the changes (whatever they are) were not shared with or discussed with state regulators or with industry representatives in advance of publication. The issue also was not addressed during the NMLS Ombudsman meeting on July 31, which was held in conjunction with the American Association of Residential Mortgage Regulators' (AARMR) Annual Regulatory Conference. We will provide further updates once we have been able to determine what has changed.