Implementation of planned changes to reporting requirements for the Nationwide Multi-state Licensing System have been delayed.
Back in February, the State Regulatory Registry LLC sought public comment on proposed changes to the NMLS Mortgage Call Report.
The report provides information about licensed mortgage companies’ financial condition, loan activities and loan originations.
Originally, the revisions were scheduled for implementation in the first-quarter 2019 reporting period.
But a notice issued on Wednesday indicated that the implementation was being postponed until the first-quarter 2020.
“The delayed implementation will allow for industry users to be better acquainted with the use of NMLS 2.0 and allow additional time to prepare for the first filing in the new system,” the notice stated.
