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2016 Press Releases
Idaho Department of Finance Earns Banking Supervision Re-accreditation
California and Missouri Begin Using Uniform Mortgage Test; 50 State Agencies Now Using the Test
North Dakota Department of Financial Institutions Receives Certificate of Mortgage Accreditation
CSBS Names Jim Kurtzke Vice President of Communications
CSBS Announces 2016 Community Bank Case Study Competition Participants
SRR Releases 2015 Annual Report
Colorado Begins Using Uniform Mortgage Test; 51 State Agencies Now Using the Test
Gonzales Appointed to FFIEC State Liaison Committee
Scott Corscadden Named New NMLS Ombudsman
FFIEC Seeks Comments on Proposed Revisions
Financial Regulators Release New Appendix for Retail Payment Systems Booklet
Face Appointed to FFIEC State Liaison Committee
Lawson Elected as State Liaison Committee Chairman
Multi-State Non-Bank Supervision Groups Release Annual Reports
CSBS Releases 2015 Annual Report
12 Student Teams Named Finalists in 2016 Community Bank Case Study Competition
CSBS and MTRA Issue White Paper on State Supervision of MSBs
CSBS Announces New Leadership
Texas Department of Savings and Mortgage Lending Receives Mortgage Reaccreditation
CSBS Announces Winners of the 2016 Community Bank Case Study Competition
CSBS Chairman Challenges State and Federal Regulators to Work Together
Illinois Begins Using Uniform Mortgage Test; 52 State Agencies Now Using the Test
West Virginia Department of Financial Institutions Receives Banking Reaccreditation
FFIEC Issues Statement on Safeguarding the Cybersecurity of Interbank Messaging and Payment Networks
Statement on the Financial CHOICE Act
Statement on Introduction of the Bank Service Company Examination Coordination Act
New Call Report to Streamline Supervision of Money Services Businesses
Fed/CSBS 2016 Community Banking Research Conference to Be Held Sept. 28-29
FFIEC Invites Public Comment on Streamlined "Call Report" for Smaller Institutions
Fed/CSBS Announce Papers Selected for the 2016 Community Banking Research Conference
Financial Regulators Release Revised Information Security Booklet
White Paper Discusses Opportunities for Community Banks to Collaborate
NMLS Launches New Capabilities to Streamline State Licensing Processes
North Carolina Commissioner Ray Grace Appointed
CSBS Releases Second Quarter NMLS
Federal Financial Institutions Examination Council Announces Availability of 2015 Data on Mortgage Lending
Federal Reserve and CSBS Release Findings from 2016 National Survey of Community Banks
Washington Department of Financial Institutions Earns Bank, Mortgage Accreditation
CSBS-Federal Reserve Research Conference Describes the Value and Business Prospects of Community Banks
FFIEC Announces Webinars in Observance of Cybersecurity Awareness Month
Maryland Office of the Commissioner of Financial Regulation Receives Accreditation of Mortgage Supervision Program
CSBS Names Tom Bayer Executive Vice President and Chief Information Officer
FFIEC Issues Frequently Asked Questions Guide on the Cybersecurity Assessment Tool
Third Annual “Your License is Your Business Campaign” Launches Today
CSBS Releases Map of State Requirements for Opening Bank Accounts for Minors
FFIEC Issues Uniform Interagency Consumer Compliance Rating System
State Regulators Oppose OCC Fintech Charter
State Regulatory Group Announces New Cyber Certification Program for Bank Examiners
Statement by the Conference of State Bank Supervisors on Comptroller’s Announcement of New Federal Charters
2017 NMLS Renewal Campaign “Your License is Your Business” Off to Strong Start
FFIEC Streamlines “Call Report” for Small Institutions
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Media Release

Conference of State Bank Supervisors
        1129 20th Street, NW, 9th Floor, Washington, DC, 20036

 NMLS Launches New Capabilities to Streamline State Licensing Processes  

  Manual, Paper-Based Processes Continue to Decline


A new business procedure to electronically process surety bonds is now a reality through the Nationwide Multistate Licensing System (NMLS). Additionally, NMLS can now be used to electronically process criminal background checks for many more individuals at financial institutions. Both enhancements went live this week.


Key points:

  •  NMLS is the system of record for state licensing of mortgage lending, money service businesses, debt collection and other aspects of consumer finance. Roughly 40,000 companies and 500,000 individuals are registered in the system. The Conference of State Bank Supervisors (CSBS) owns and operates NMLS on behalf of state regulators.


  • State regulators and the surety bond industry have developed a new process to electronically issue, process and track surety bonds – previously, a time-consuming, manual task. These bonds are often required by state law as a condition of licensing. Now, surety bond companies and producers can manage transactions through NMLS.


  • NMLS has potential to streamline the surety bond process by reducing common errors, ensuring that bonds are from qualified and authorized entities, and speeding approvals. At launch, this feature can be used in nine states, with more states being added in 2017.


  • Processing Federal Bureau of Investigation background checks required by state law through NMLS is now expanded to any covered individual, such as a branch manager or officer at a mortgage firm or money transmitter company. This feature will speed approval processes as fingerprints are automatically processed with results reported back to state regulators within approximately 24 hours. Previously, NMLS had been authorized to process background checks for mortgage loan officers only. At launch, 26 state agencies are able to use this new feature for 116 different types of state licenses, with more states being added in 2017.


  • The expansion of background checks was made possible through a 2015 congressional amendment to the 2008 SAFE Act, as well as an agreement with the F.B.I.



  • Charles G. Cooper, CSBS chairman and commissioner, Texas Department of Banking: “By introducing a new process for surety bonds, state regulators have solved for what is widely seen as the last paper-based process in the state licensing system. Further, relying on NMLS to process more background checks greatly simplifies a necessary, but burdensome process for a far greater number of financial institutions.”


  • Robert J. Entringer, commissioner, North Dakota Department of Financial Institutions: “The latest enhancements in NMLS reflect regulators’ use of reg-tech to drive efficiencies in state supervision that also benefit the industry. Our vision is to leverage NMLS as a common platform for more aspects of state regulation.”
  • Courtney Larsen, surety and fidelity e-business manager, CapSpecialty: “The partnership this initiative created among surety companies, our producers and state regulators has produced a much-needed advancement – one sure to kick off a new phase of reengineering in the surety bond industry.”


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