NMLS to Release System Enhancements for MLO Temporary Authority

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The Nationwide Multistate Licensing System & Registry (NMLS) is scheduled to release a system enhancement on November 24, 2019, which will allow qualified mortgage loan originators (MLOs) who are changing employment from a depository institution to a state-licensed mortgage company, or qualified state-licensed MLOs seeking licensure in another state to continue originating loans under Temporary Authority. This enhancement supports the amendments to the SAFE Act created by the Economic Growth, Regulatory Relief, and Consumer Protection Act.

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