On October 1, 2017, the Minnesota Department of Commerce will start accepting new applications and transition fillings on NMLS for the following licenses:
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Consumer Small-Loan Lender License
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Debt-Management Services Provider Company License
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Debt-Settlement Services Provider Company License
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Industrial Loan and Thrift Company License - Depository
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Industrial Loan and Thrift Company License – Non Depository
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Regulated Loan Company License
Current licensees must submit a transition request via NMLS by December 1, 2017. More information can be found here.
In addition, on October 1, 2017, the Minnesota Department of Commerce will start receiving new and converted Electronic Surety Bonds (ESB) through NMLS for the Debt Management Services Provider Company License and Debt Settlement Services Provider Company License. More information on the ESB can be found here.