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#2197314 - 11/05/18 05:15 PM NMLS Registry: Bank or Subsidiary
Norman Paperman Offline
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Norman Paperman
Joined: Aug 2012
Posts: 1,700
48.934476, -114.343735
Good Morning BOLers,

Since the registry began we have had our mortgage subsidiary (wholly owned) registered under the bank's NMLS number. We've never had anyone ask about it one way or the other but now have a single investor asking why they are not separately registered. They aren't telling us one way or the other, just asking in general.

I've read no distinction about this.

Thanks for your input.
_________________________
Maybe you just wanna fly the plane yourself. Well good luck pressing take off, then auto pilot, then land.


CRCM

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S.A.F.E. Act Forum
#2197340 - 11/05/18 07:07 PM Re: NMLS Registry: Bank or Subsidiary Norman Paperman
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
See: https://nationwidelicensingsystem.org/sl...July%202018.pdf


Amendments to a company’s structure that will require the creation of a new NMLS record

Page 10: When a company creates a subsidiary that has a different Full Name of Applicant, Employer Identification Number, State/Province & Country of formation, and date of formation, then NMLS requires a new record.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2197349 - 11/05/18 07:55 PM Re: NMLS Registry: Bank or Subsidiary Norman Paperman
Norman Paperman Offline
Diamond Poster
Norman Paperman
Joined: Aug 2012
Posts: 1,700
48.934476, -114.343735
You're a regular Jacques Cousteau of regulatory information. Thank you, Randy.
_________________________
Maybe you just wanna fly the plane yourself. Well good luck pressing take off, then auto pilot, then land.


CRCM

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#2197357 - 11/05/18 08:17 PM Re: NMLS Registry: Bank or Subsidiary Norman Paperman
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
I have been called a lot of things in my life (most not repeatable here) - but that was a first however smile
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2197366 - 11/05/18 08:41 PM Re: NMLS Registry: Bank or Subsidiary Norman Paperman
Norman Paperman Offline
Diamond Poster
Norman Paperman
Joined: Aug 2012
Posts: 1,700
48.934476, -114.343735
The deep diver. laugh
_________________________
Maybe you just wanna fly the plane yourself. Well good luck pressing take off, then auto pilot, then land.


CRCM

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