NMLS Policy Guidebook Adds Temporary Authority Section

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On November 23, 2019, an updated version of the NMLS Policy Guidebook was posted to the NMLS Resource Center. It includes a new section on Temporary Authority to Operate (TA) that provides technical guidance for qualified mortgage loan originators seeking to originate loans under Temporary Authority. The new section covers TA eligibility requirements, the duration of the TA period, and TA application requirements, among other topics.

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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