Monthly Archives: April 2013

New and Renewal Provider Application Processes Unavailable

The course provider renewal process will be unavailable from 4pm ET Tuesday, April 30 through Sunday, May 12.  Course providers who are participating in early renewal through the new EMS can begin the process starting May 13; the deadline is May 30.   NMLS will also not be accepting any new course provider applications during this scheduled down time.

Course providers are also advised that the course submission process will be offline from May 15-21.  Information on the PULSE to EMS transition and scheduled outages has been posted on the Course Provider section of the NMLS Resource Center.

Payment Option Changes

Approved course providers are advised that with the launch of the new Education Management System (EMS), American Express will longer be an option to pay for education-related fees.  Credit card fee payment options will only include Visa and MasterCard.   NMLS is pleased to announce, however, that it will also begin accepting ACH, which is a payment option that has been requested for some time.   The reason for the change is PULSE Portal is owned and operated by PearsonVue which collects fees on behalf of NMLS.  With the launch of the new EMS, NLMS will assume responsibility for processing all payments just as it does with all other MLO state licensing fees.

Course providers can continue to use American Express when paying for fees within the PULSE Portal.  However, as processes transition from PULSE Portal to the new EMS between May 1 and June 24, any process requiring a payment in the new EMS will need to be paid for using Visa, MasterCard or ACH. 

Additional information about the new EMS fee payment options and other payment policy details has been posted on the course provider section of the NMLS resource center at

Schedule of PULSE to EMS Transition System Outages Posted

NMLS, in partnership with our vendors FINRA and CyZap, are working hard to develop and launch a new Education Management System (EMS). The new EMS will launch in phases between May 1 and June 24, 2013. During this time period, various business processes will be retired in the existing PULSE system and will re-launch in the new EMS. Approved course providers and those who may be seeking approval are advised that specific processes will be offline for fixed periods of time in May and June.  A schedule of the various down times is posted on the course provider page of the NMLS resource center at:

Education Notice Posted for Hawaii Department of Financial Institutions New Pre-Licensure Education Requirements Effective July 1, 2013

The Hawaii Department of Financial Institutions (HI-DFI) has notified NMLS of a change to its pre-licensure education requirements.   Effective July 1, 2013, individuals seeking licensure with HI-DFI will be required to complete three (3) hours of HI-DFI-specific education.  The new pre-licensure education requirements are as follows:

3 hours of Federal Law;
3 hours of Ethics (must include fraud, consumer protection, and fair lending issues);
2 hours lending standards for Non-Traditional mortgage products;
9 hours of General Electives
3 hours of HI-DFI Defined Electives

Total = 20 hours

NMLS has posted an Education Notice explaining in detail the new education requirements.   Course providers intending to offer a course to meet the new requirements need to pay close attention to the content requirements and reference list contained in the education notice.  The notice may found on the course provider section of the NMLS Resource Center under the section Administrative Notices.

Summary of Updated Regulations and Recent CFPB Mortgage Rules Posted

Members of the legislative team of the Conference of State Bank Supervisors have reviewed and summarized final rules that were recently released by the CFPB (or “Bureau”).  This information may be used by NMLS approved course providers to assist in updating currently approved courses and/or to prepare new courses.   The document is available on the course provider section of the NMLS Resource Center under Administrative Notices.

Additionally, in 2011 the CFPB republished a number of regulations that were formerly under the jurisdiction of other federal agencies.  SUBSEQUENTLY A NUMBER OF THOSE REGULATIONS HAVE BEEN REVISED BY THE CFPB WITH VARIOUS EFFECTIVE DATES FOR SUCH CHANGES. Course providers are required to ensure citations in courses make reference to the correct AND CURRENT regulation.  Courses submitted with citations referencing the old regulations will be declined. The CFPB maintains a list of regulations and links to federal registry on their web site at:

Invitation to New EMS “How to” Webinar on May 1

NMLS will host a conference call and webinar with approved course providers to demonstrate how to log into the new system for the first time, update your profile, and change your username and password. NMLS will also demonstrate how to submit a course provider renewal application. This “How to Session” will be held on Wednesday May 1st at 11:00am -12:00pm ET & will be repeated on Thursday May 2nd at 2:00pm – 3:00pm ET. Organizations wishing to participate are requested to respond to Jessica Ayton ( with the date you will attend no later than April 29th. Call-in details and a link for the webinar will be sent on April 30th to those who have signed up to attend.

Invitation to Informational Webinar on the Transition Plan from PULSE Portal to the New Education Management System (EMS)

NMLS will host a conference call and webinar with approved course providers on Tuesday, April 23 from 2-3 pm ET to explain and provide details about the staggered transition from PULSE portal to the new EMS. The transition, which will run from May 1 until June 24, calls for various processes to be “turned off” in the PULSE and “turned-on” in the new EMS.  At various times during the transition period some processes will be unavailable for specific periods of time. Organizations wishing to participate in the conference call and webinar are requested to respond to Jessica Ayton ( no later than April 21. Call-in details and a link for the webinar will be sent on April 22.