Change of Policy Regarding Correcting Late CE Credit Banking Mistakes


Over the past several weeks NMLS has noted a significant increase in the number of requests to correct mistakes associated with credit banking Late CE courses.  The most common mistakes are the MLO did not correctly inform the course provider the year for which they are making-up CE, or the course provider incorrectly credit banked the course to year 2012 instead of 2011.   Effective August 20, 2012 NMLS will no longer perform data fixes to correct these mistakes.  If a Late CE course is reported incorrectly, NMLS will remove the incorrect course completion and the course provider will be required to re-credit bank the course correctly and to pay the credit banking fee.

To verify a Late CE requirement or its year, MLOs or course providers can send an e-mail to nmls.ed@stateregulatoryregistry.org.  The inquiry must include the MLO’s NMLS ID, first and last name, and a return e-mail address.

Additional information regarding Late CE courses may be found on the education page of the NMLS Resource Center at: http://mortgage.nationwidelicensingsystem.org/courseprovider/Documents/Late%20CE%20Master%20Course%20Catalog.pdf

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