The South Carolina Board of Financial Institutions has increased the fees required for a criminal background check for mortgage loan officers (MLOs) and control persons. Note that the South Carolina criminal background check fees must be completed outside of the NMLS, and that the fees are in addition to the NMLS processing fee for the FBI criminal background check that is processed by the NMLS. Effective January 2, 2015, the new fees are:

• MLO Fees – South Carolina criminal background checks for MLOs have increased to $38.50.
• Control Person Fees – South Carolina Law Enforcement Division and FBI background checks for control persons have increased to $55.00.

NMLS Adds New Tennessee Flexible Credit License

Tennessee is now receiving applications for new license types beyond the mortgage industry through the NMLS. The Tennessee Department of Financial Institutions has begun receiving applications for a Flexible Credit License for company licenses (corporate or headquarters) and branch licenses (all other locations) through the NMLS.