Wisconsin Using the NMLS Uniform Authorized Agent Reporting

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On February 1, 2018, the Wisconsin Department of Financial Institutions started using the NMLS Uniform Authorized Agent Reporting (UAAR) functionality to fulfill agent reporting requirements. Licensees must upload Wisconsin-located agents in NMLS by April 1, 2018.

The UAAR allows licensed money transmitters and money services businesses to file a single report of their authorized agent locations via the NMLS to these state agencies. More information can be found here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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