Amendment to Applicant/Licensee Agreement

In an effort to streamline the flow of information between NMLS and its users, State Regulatory Registry LLC (SRR) has amended the Applicant/Licensee Agreement to specifically authorize SRR to send communications concerning NMLS to licensees using the contact information stored in NMLS.  The increased use of NMLS, coupled with the passage of the S.A.F.E. Mortgage Licensing Act of 2008, has highlighted the need for efficient communication between the System and its users.  The communications envisioned are relevant updates and news items about NMLS that are of interest to the users of NMLS.  These communications are in addition to system-generated notifications.

NMLS has requested and received approvals from state regulators to access this information so licensees currently receive these types of communications.  Updating the Applicant/Licensee Agreement will allow SRR to use this information for users of the system that have not yet submitted a filing.

SRR LLC will not share contact information with any third parties.

Section 4(E) of the Applicant/Licensee Agreement has been amended as follows:

SRR may collect and manipulate Applicant Data for the sole purpose of disseminating Applicant Data aggregated on a regional or national level.  SRR may also copy, process, store and distribute Applicant Data consistent with SRR’s performance of its obligations for the state agencies participating in NMLS. Applicant grants SRR the right to use Applicant contact information from time to time for the purposes of issuing communications concerning NMLS to Applicant.

For the full agreement, see Applicant/Licensee Agreement.