The Massachusetts Division of Banks is a part of the Nationwide Multi-State Licensing System & Registry (NMLS). NMLS is a collaborative effort among state regulators to bring greater efficiencies and accountability to the supervision of the financial services industries.
Overview of the NMLS
NMLS is a secured, web-based system that will allow state licensees, companies, branches, and mortgage loan originators, to apply for, amend, update or renew licenses online in Massachusetts as well as in other participating states.
Each licensed company and individual will have a single record in NMLS, regardless of the number of licenses they hold or the number of states in which they operate. Each licensed company or individual will have access to their record in the system through a secure website, allowing them to conveniently view their license information, apply for new licenses, amend existing licenses, and renew or surrender licenses throughout the year.
Licensees will have access to the system 362 days a year, 7 days a week with operational assistance available through a national call center.
NMLS can be found here: http://www.nationwidelicensingsystem.org
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