NMLS Functional Specifications Annual Review Update

As mentioned in the Newsletter Sept 28, 2011, NMLS is updating the functional specifications for all classroom formats. The purpose of the update is to provide more specific details/clarifications about how courses are to be configured and to address concerns raised by the industry, regulators, and the course provider community.  An issue that has surfaced most recently pertains to the timing mechanism in online CE courses, specifically, the ability of a student to “challenge a course” by rapidly progressing through course content.    Course providers have been asked to address this problem and the updated functional specification details greater requirements to prevent this type of problem in the future.  A draft of the functional specification will be shared with course providers on October 17.

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