COL LEG proposed amendments to COL FIN 4-725-3-4 re renewal and reinstatement for a mortgage originator license; also published related notice of upcoming hearing.
Proposed Rulemaking
Modifies rules that reference two separate databases, the National Mortgage Licensing System (NMLS) and division's licensing database, for license renewal, reinstatement.
Further specifies that the NMLS will transmit the State licensing fees to the Board.
Consultation
Comments due by 5pm on Sep. 12, 2025; a virtual hearing will be held Sep. 17, 2025.
Oct. 2025 COL LEG Adoption
On Oct. 25, 2025, COL LEG issued adoption of amendments, effective Nov. 14, 2025.
Also published attorney general opinion finding no issue or deficiencies with changes.
Regulators
COL LEG
Entity Types
Bank; MG Orig; Thrift
Reference
COL SR Vol. 48, No. 20, 10/25/2025; Op, 10/5/2025; COL SR Vol. 48, No. 16, Nt 2025-00372, RF, 8/25/2025; Citation: COL FIN 4-725-3;
