Residential Mortgage Lending

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Emergency Advisory

Emergency Preparedness Information
Emergency Closure Notice

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ATTENTION ALL MORTGAGE LICENSEES
The Office of Financial Institutions ceased issuing paper licenses to residential mortgage licensees in August 2008. Therefore, licensees will not be receiving a paper license for 2009.  Please refer above under “Licensees (w/exam dates)”. There you will find an alphabetical list of all currently licensed mortgage companies and originators.

REINSTATEMENTS
If you have successfully transitioned onto the NMLS, Louisiana will consider reinstatement requests submitted through NMLS before March 1, 2009. Please submit a written explanation to the Commissioner and any penalties will be at his discretion. If you failed to transition on the NMLS by 12/31/08, you must re-apply through the NMLS.
 

NMLS - Louisiana Transition Quick Guide

NMLS User Conference and Training - February 10-12, 2009

NMLS - Attestation Stage Begins for 2009 Streamlined Renewal Process
Oct. 13, 2008

Notice of Intent - RML - Expired License Reinstatement Procedure 
Sept. 20, 2008

OFI Advisory Opinion No. 8 - RMLA Continuing Education  
Sept. 16, 2008

Approved Providers for NAMB or MBA Courses

RML Continuing Education Providers

RML MBA Approved Education Provider

Legislative Update - 2008

Press Release - - NMLS Available Beginning August 1, 2008

CSBS/AARMR
Nationwide Mortgage Licensing System Periodic Update  
July 22, 2008

NMLS Uniform Annual Report       
Request for Public Comments by August 11, 2008  

RML Continuing Education Update - Act 34 
July 9, 2008

Nationwide Mortgage Licensing System
Processing Fees for 2008

FTC Facts for Consumers - Foreclosure Rescue Scams

Mortgage Workouts, Now Tax-Free for Many Homeowners;
Claim Relief on Newly-Revised IRS Form 
Feb. 12, 2008

Residential Mortgage Originators - Conditional Licensing Policy RML 01-08 
Jan. 10, 2008

Mortgage Lenders and Originators - Pending 2008 License Update 
Jan. 4, 2008

OFI Adopts Regulatory Statement on Subprime Mortgage Lending  
CSBS / AARMR / NACCA Statement
October 2, 2007

FTC Warns Mortgage Advertisers and Media That Ads May Be Deceptive! 
September 11, 2007

IRS - Tax Implications of Foreclosures

 IRS  Q&A on Home Foreclosure and Debt Cancellation

Residential Mortgage Lending - Dual Role Restrictions
Act 39 - 2007 Louisiana Legislature  
August 15, 2007  

Ameriquest Settlement
July 12, 2007

 Press Release Regulatory Guidance on Nontraditional Mortgage Products  M
arch 16, 2007

CSBS-AARMR Guidance on Nontraditional Mortgage Products 
March 16, 2007

NEW FINGERPRINT REQUIREMENTS
$45.25 background processing fee per person
4-6 weeks MINIMUM processing time
2 sets of fully completed fingerprint cards
with clear fingerprints

Effective August 15, 2005, obtaining a passing grade on a pre-licensing test is
required prior to becoming a licensed originator.
Click here for a copy of Act 235 which provides certain exemptions
for education and experience

Reminder -- Regarding Privacy Information

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Hammer & Nails Article

 

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Last updated January 05, 2009