The District of Columbia Adopts the NMLS Uniform Authorized Agent Reporting (UAAR)

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The District of Columbia Department of Insurance, Securities and Banking has begun using the Uniform Authorized Agent Reporting (UAAR) process of the Nationwide Mortgage Licensing System & Registry (NMLS) to satisfy agent reporting requirements. Qualified companies are required to upload information on agents located in the District of Columbia by Friday, June 12, 2015.

The UAAR functionality allows licensed money service businesses to file a single, uniform report of their authorized agent (i.e., authorized delegates) locations through the NMLS to all participating state agencies. Note that the UAAR process is to be used only by licensed money transmitters and money service businesses who are directed to do so by their state regulator.

For additional information on the reporting process please review the UAAR FAQs.

 

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