MLOs employed by federally regulated institutions have until July 29 to become actively registered on NMLS. Even though the individual MLO is responsible to register, the employing institution must also complete a number of steps in order for the MLO to become actively registered. These steps include creating the institution’s account, submitting the Form MU1R, and confirming each MLO’s employment within NMLS.
How far along is your institution? To get more information about the federal registration process for institutions, see Getting Started: Institution.