NMLS has update the FAQs for Mortgage Call Report to include the following:

Will NMLS place a deficiency on our company license if we don’t complete the Q1 MCR filing by May 15?
No. Due to the truncated time period between the launch of functionality and the deadline for the Q1 MCR filing, the system will not begin applying license deficiencies related to the Q1 MCR until June 16.


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