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#1892750 - 01/31/14 08:50 PM MLO transferred - no longer serves as MLO
Tarhe Offline
Diamond Poster
Joined: Nov 2006
Posts: 1,428
California
One of our registered MLOs transferred to a new position within the bank where he will no longer serve as an MLO in any way. Are we required to notify the Registry that he is no longer serving as an MLO? Or do we just not renew him at the next renewal period?

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S.A.F.E. Act Forum
#1892762 - 01/31/14 09:23 PM Re: MLO transferred - no longer serves as MLO Tarhe
Norman Paperman Offline
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Norman Paperman
Joined: Aug 2012
Posts: 1,709
48.934476, -114.343735
Just don't renew them. That number is like a SSA number. It will remain with them for their career. If they ever transfer to another FI or again become a MLO, they will use that same number.
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#1892788 - 01/31/14 10:15 PM Re: MLO transferred - no longer serves as MLO Norman Paperman
Tarhe Offline
Diamond Poster
Joined: Nov 2006
Posts: 1,428
California
Thank you!!

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