State Regulatory Developments

New Mexico Financial Institutions Division Added New Licenses to NMLS

The New Mexico Financial Institutions Division recently transitioned to using the NMLS system to manage Collection Agency, Branch(es), Collection Agency Manager, and Repossessor Licenses.  Existing licensees are required to submit a license transition request through NMLS by November 30, 2020.  The NMLS Transition/Renewal Checklists for such licenses are now available in NMLS.