âMedical science is changing, more rapidly and more dramatically than ever,â said David Brenner, MD, vice chancellor for health sciences and dean of the School of Medicine. âBut progress also means new and sometimes daunting complexities and challenges.
The NMLS is a database. Thatâs it. It does not change any state mortgage licensing requirements. It does not reduce what states require to obtain a license. It also does not eliminate the requirement to be licensed separately in each state.
NMLS is an official system of record with your state regulator so it is important that you coordinate your use of this system with your employer. If your company is licensed/registered in a state through NMLS, either you or your company can complete your first application form (Individual Form MU4) in NMLS. The entity who creates the first Individual Form (MU4) will be the entity required to pay when it is submitted to the regulator(s).