NMLS Policy Guidebook Recently Updated

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Weiner Brodsky Kider PC

The NMLS Policy Guidebook was recently updated to clarify certain work location items for individuals working remotely as a result of the COVID-19 pandemic. Specifically, with respect to the Individual MU2 and MU4 Forms, the updates clarify that the work location stated in one’s NMLS record should remain a licensed or registered location. An individual working remotely under executive order, state guidance, laws, regulations, or any other pronouncement that has the effect of law, however, does not need to change their work location.

The updates also add a header to the Call Report section stating which call reports NMLS accommodates.

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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