The Conference of State Bank Supervisors (CSBS) in cooperation with the American Association of Residential Mortgage Regulators (AARMR) established the State Regulatory Registry LLC (SRR) on September 29, 2006. A limited-liability company, SRR is to develop and operate nationwide systems for state regulators in the financial services industry. Such systems are intended to enhance state’s ability to protect consumers; improve supervision and enforcement of licensed entities; and streamline licensing and other processes for state agencies and the industry through the use of modern technology and centralizing redundant state agency operations.
SRR currently owns and operates the Nationwide Multistate Licensing System & Registry (NMLS) that has been developed by state mortgage regulators. NMLS began operations on January 2, 2008 and is used by state financial services regulators to process licenses for the mortgage industry as well as the money services, debt and consumer finance industries. In 2009, SRR launched NMLS Consumer Access, an online public database disclosing the licensing information of firms and individuals, which also includes information on state enforcement history.
SRR Annual Reports