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#2229904 - 01/30/20 02:19 PM NMLS on Adverse Action
mdog76 Offline
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Joined: Jan 2007
Posts: 645
Is the NMLS # required to be on an Adverse Action Notice?

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S.A.F.E. Act Forum
#2229908 - 01/30/20 02:27 PM Re: NMLS on Adverse Action mdog76
Adam Witmer Offline
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Joined: Sep 2010
Posts: 2,629
Not technically, but if the Adverse Action Notice is the first communication with the applicant, you would need to include the NMLS with the notice. For this reason, many choose to include the NMLS on the AA Notice and not worry about it any further.
_________________________
Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

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#2229912 - 01/30/20 02:49 PM Re: NMLS on Adverse Action mdog76
mdog76 Offline
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Joined: Jan 2007
Posts: 645
Some of our first communications are phone apps. In those cases we would need the NMLS on the adverse action correct?

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#2229924 - 01/30/20 03:44 PM Re: NMLS on Adverse Action mdog76
Adam Witmer Offline
Power Poster
Joined: Sep 2010
Posts: 2,629
If the Adverse Action Notice is your first written communication to the customer, then yes, the NMLS should be included in the initial written communication.
_________________________
Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

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#2229927 - 01/30/20 03:50 PM Re: NMLS on Adverse Action mdog76
mdog76 Offline
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Joined: Jan 2007
Posts: 645
Thanks for the help.

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