Simply Stated - All Things Finance
Government
In episode three, we discuss the work that went into building NMLS and the opposition faced along the way. Staff worked to harmonize legislative and regulatory requirements across state agencies, develop uniform documents, gather feedback from the mortgage industry and work out the funding and maintenance structure of the system. The episode culminates with a look at the debate between states on whether to launch and adopt the system.
Producer's Note: In this episode, the host refers to the SAFE Act passing in July 2007. HERA and the SAFE Act passed July 30, 2008. In addition, the host mentions the states being given one year to adopt NMLS. While every state held a legislative session within one year, the SAFE Act provided two years for states to adopt NMLS.
About "The Making of NMLS" Series
The Housing and Economic Recovery Act, or HERA, was signed into law fifteen years ago on July 30, 2008. HERA included the SAFE Act, which required mortgage loan originators to register or be licensed in the Nationwide Multi-State Licensing System (NMLS).
In celebration of 15 years of NMLS, CSBS is releasing a podcast series about the creation of NMLS. Join us each week through August as we interview the regulators and leaders responsible for one of history's most ambitious 50-state projects.
Guests
Positive Negativity - Community Banker Sentiment Rises to Start 2024
Ransomware Self-Assessment Tool, Version 2.0
What Goes Into Getting a Mortgage Broker License?
The Making of NMLS: Epilogue - Lessons Learned and Wisdom from the Regulators
The Making of NMLS: 4 - A Mortgage Crisis, Congress, and 50 State Legislatures
The Making of NMLS: 2 - Building the Supervision Coalition
The Making of NMLS: 1 - A Rapidly Changing Mortgage Market
The Making of NMLS: Prologue - 15 Years of NMLS
The Money Transmission Modernization Act
Community Banker Sentiment Dips to Lowest Level Since Tracking Began in 2019
State Regulator Priorities in 2023
Community Bankers Say the Recession is Already Here
Common Cybersecurity Threats for Financial Institutions & Tools to Help
States of the Economy - June 2022
Community Banks Adapting to the Digital Age
How Difficult Is It to Curb Inflation? What Tools Do We Have?
What's Causing Inflation? What's the Impact?
The Jobs Market is in the Driver's Seat
Why Licenses Exist in Financial Services
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