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#2297356 - 05/20/24 04:24 PM Disclosure of NMLS # on SC documents for HELOCs
c@c Offline
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Joined: Mar 2008
Posts: 121
Georgia
We are a bank and follow SAFE Act federal registration guidelines for registration of MLOs and disclosure of the NMLS unique identifier, as well as Reg Z requirements for disclosures NMLS ID # on loan documents. Reg Z excludes HELOCs from the disclosure requirements.

I've heard recently that SC law requires disclosure of the NMLS ID on the note and deed, but I'm thinking that may only apply to MLOs who are required to be licensed under state law vs MLOs who work for banks and are required to be registered. Does anyone know for sure if banks are required to disclose the bank and lender NMLS # on HELOCs in SC?

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#2297558 - 05/23/24 05:42 PM Re: Disclosure of NMLS # on SC documents for HELOCs c@c
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 85,059
Galveston, TX
I believe that the SC requirements are found here: https://www.scstatehouse.gov/code/t37c022.php

SECTION 37-22-210(F) addresses the inclusion of the NMLS number on all mortgage loan forms.

However, financial institutions are exempt from these provisions under SECTION 37-22-110. Definitions. (18) Exempt persons
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