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NMLS Modernization

About Modernization

NMLS Modernization is the next generation of NMLS. With NMLS Modernization, state regulators and industry who use the system to manage a full range of state licensing and federal registry activities will experience improved access to data, increased uniformity and more automation.

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State Examination System (SES)

SES is an examination system built by state regulators for state regulators and the companies they supervise. It is the only nationwide system connecting agencies and companies in the examination process.

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Have more to say? Yammer is being provided as a flexible, real-time way for regulators and industry stakeholders to learn from and engage in NMLS and SES updates.

Data
Building a Modernized NMLS

Development for the modernized NMLS has started. The money services business industry will be the first industry to transition to the new NMLS when it is introduced in 2022. NMLS state agency and industry stakeholders will play a vital in developing the modernized NMLS.       

Benefits of a Modernized NMLS

  • Uniform standards for state agencies 
  • Integrated data analytics 
  • Greater efficiencies for state licensees 

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