REMINDER – Temporary Authority to Operate Takes Effect November 24, 2019

Starting November 24, federally registered mortgage loan originators (MLOs) seeking state licensure, and state-licensed MLOs seeking licensure in another state will be able to continue originating loans for 120 days, while completing any state-specific requirements for licensure. This streamlined license application process known as Temporary Authority (TA) was signed into law May 24, 2018, as a new provision under the SAFE Act of 2008.

NMLS has been enhanced to support TA. New functionality will help state regulators determine if an individual MLO qualifies for TA and will help manage this new, streamlined licensing process. The system also includes new functionality for sponsoring companies to identify an individual MLO’s Worker Classification, one of the first indicators that will be used to determine if an MLO qualifies for TA.

We encourage you to visit the TA web page on the NMLS Resource Center to learn more about TA. You will find:

• A demo that walks companies through the application workflow process created in NMLS for TA
• New NMLS policies for TA
• Tips and resources that provide detailed overviews of new functionality in NMLS for TA and how it applies to companies and MLOs

If you have questions about TA, email [email protected], or contact the NMLS Call Center at 855-NMLS-123 (855-665-7123).
You may experience higher than usual wait times when contacting the NMLS Call Center because we are currently in the annual renewal period. The best times to call are early in the morning (9:00 – 10:00 a.m. ET) and in the evening (after 5:00 p.m. ET).