On January 1, 2018, certain state agencies will start receiving Electronic Surety Bonds (ESB) through NMLS for the following licenses:
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California Department of Business Oversight: Student Loan Servicer License;
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Ohio Division of Financial Institutions: Money Transmitters;
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Michigan Department of Insurance and Financial Services: 1st Mortgage Broker License, 1st Mortgage Broker/Lender License, 1st Mortgage Broker/Lender/Servicer License, 2nd Mortgage Broker License, 2nd Mortgage Broker Registrant, 2nd Mortgage Broker/Lender License, 2nd Mortgage Broker/Lender Registrant, 2nd Mortgage Broker/Lender/Servicer License, 2nd Mortgage Broker/Lender/Servicer Registrant, Consumer Financial Services Class I License, Consumer Financial Services Class II License, and Money Transmitter License; and
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Utah Department of Financial Institutions: Money Transmitter License.
As we have previously reported, please note that the California Student Loan Servicer License and Ohio Money Transmitters License are new license types in NMLS and will be available on NMLS starting on January 1, 2018.
More information about the state adoption of ESB can be found here.
