States Announce New Criminal Background Checks for License Renewal

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Multiple state regulators are introducing new background check procedures for MLOs licensed through NMLS. Under FBI rules, Connecticut, Delaware, Florida, Hawaii, Idaho, Massachusetts, Missouri, Montana, Nebraska, New York, North Carolina, Puerto Rico, Rhode Island, the Utah Department of Financial Institutions, and the Commonwealth of Puerto Rico now require a new criminal background check to renew a mortgage loan originator license for 2014.

These state agencies also require an MLO to submit new fingerprints with a criminal background request if the fingerprints on record in NMLS are older than three years. NMLS has notified all affected MLOs and company account administrators via e-mail.

Topics:  Criminal Background Checks, License Renewals, Licenses, MLO Licenses

Published In: General Business Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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