NMLS License Transition Information

Need help with your license transition? Start with these resources:

What is NMLS?

NMLS is a secure web-based system created by state regulators to provide efficiencies in the processing of state licenses and to improve supervision of state-regulated industries. Through NMLS, companies maintain a single record which they use to apply for, maintain, renew, and surrender license authorities in one or more states. NMLS also contains functionality for the submission of financial statements, credit reports, and other information required for license types administered by the Bureau.

More information about NMLS can be found on the NMLS Resource Center (Trusted Partner Link).

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Frequently Asked Questions

Managing Your License on NMLS

Each company holding a license the Bureau administers through through NMLS must create a company record in the system, both for the company itself and for each branch holding a license. Once the company and branch forms have been completed, they may be submitted electronically through NMLS to the Bureau.

How to Access NMLS

In order to gain access to NMLS for the first time, you must complete a Company Account Request Form and identify a Primary Account Administrator and a Secondary Account Administrator. This form can be submitted electronically through the NMLS website in the Getting Started section. This form needs to be submitted only once per company, regardless of the number of NMLS participating states in which you are licensed.

Within three days of completing and submitting the Company Account Request Form, the Primary Account Administrator will receive NMLS login information. The Primary Account Administrator for your company will have full rights to access the system, submit information to this agency and other participating state regulators, and set up other company users in the system. Instructions and tutorials on how to access and use the system are also available on the NMLS Resource Center (Trusted Partner Link).

Forms to Complete

Once you are able to access NMLS, you will need to submit the following through NMLS to the Bureau.

You may begin completing these forms prior to your license type administered by the Bureau transitioning to NMLS, but will not be able to submit them to our agency until that date. If you have submitted these forms to another state, then you do not need to re-enter your company or branch records into NMLS. You will only need to identify the appropriate license type in Maine and complete a few state-specific fields.

Fees

NMLS will annually charge a processing fee of $100 per company license, and $20 per licensed branch location renewed through the system. This fee is separate from your license or registration fee. There is no processing fee for submitting a new application or transitioning an existing license onto NMLS.

There are no other NMLS processing fees. These processing fees pay for NMLS’ operations, including licensee system access 362 days per year, ability to maintain, renew and run reports on your licenses, and NMLS Call Center support.

NMLS Website

The NMLS Resource Center (Trusted Partner Link) provides step-by-step instructions on how to access the system, guides on how to complete the forms, each state’s transition plans and requirements, tutorials, current and future participating agencies, system alerts, system processing fees, and general background information. Training opportunities are also available in the News & Events section and from the home page.