Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Must a state require loan originator license applicants to furnish to the NMLSR fingerprints and authorization to obtain a credit report to the NMLSR?

April 26, 2017APPLICANTS credit report fingerprints furnish license loan nmlsr Originator require State

0

Posted

Must a state require loan originator license applicants to furnish to the NMLSR fingerprints and authorization to obtain a credit report to the NMLSR?

1 Answer

0

Posted

Yes. Section 1505(a) of the SAFE Act requires an applicant to furnish his or her fingerprints to the NMLSR for submission to the Federal Bureau of Investigation and any other governmental agency or entity authorized to receive such information for a state and national criminal history background check.