Deadline for MLO applications extended to December 15, 2010

The deadline for Florida Mortgage Loan Originators to submit their MU4 Application has been extended from November 30 to December 15, 2010.

View the notice provided by FAMP below:

“The Florida Office of Financial Regulation has recently been informed that the deadline for testing and education certification has been extended.

In order to be eligible for certification, an individual must successfully submit an MU4 application for a Florida loan originator license no later than December 15, 2010. If the individual qualifies for the certification, the Office of Financial Regulation will submit the necessary information to NMLS. The individual does not need to request that Florida certify to NMLS as this will happen automatically. Once NMLS has processed a certification file from Florida, a certification invoice is generated on each NMLS record and an e-mail is sent to the e-mail address on file with NMLS. Loan originators will not receive the benefits of certification until the NMLS invoice has been paid.

To qualify for education certification, an individual must hold an active mortgage broker license issued prior to October 1, 2010. To qualify for testing certification, an individual must hold an active mortgage broker license issued prior to October 1, 2010and passed the old Florida mortgage broker test on or after January 1, 2004.

The deadline to pay for a certification invoice is December 31, 2010. All outstanding certification invoices not paid by December 31, 2010 will be deleted by NMLS and the individual will not receive the benefits of certification.

In addition to the testing and education certification process, please remember to provide the Office of Financial Regulation information concerning the high school education requirement. You must provide the name of the high school and date the diploma or its equivalent was received. This information may be provided to the OFR by emailing them at flnmls@flofr.com.

More information about the license requirements can be found in the Florida jurisdiction specific documents located on the NMLS Resource Center website at http://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx?StateID=FL

Individuals and companies that currently hold licenses issued prior to October 1, 2010 must file for a new license through NMLS and be in an “Pending – Review” status by December 31, 2010 or cease business. The jurisdiction specific documents explain in detail what is required to be in a “Pending – Review” status. “

If you have any further questions about the application itself, you can contact NMLS customer service at (240) 386-4444.

If you have questions about the licensing requirements, you can contact us at (239) 344-7510.

Larson Educational Services
1400 Colonial Blvd, Suite 44
Fort Myers, FL 33907
www.LarsonEd.com
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