Consumer Loan Company
License Renewals
While Consumer Loan licenses are perpetual, licensees must submit a renewal request for each location via the Nationwide Mortgage Licensing System (NMLS) on or before December 31, 2009.
Looking for Mortgage Loan Originator renewal information? Please visit the Mortgage Loan Originator License Renewal webpage.
Renewal Steps
Follow this step to submit a renewal request for Consumer Loan License(s):
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Attestation And Renewal Submission
Log into your NMLS account and attest to your record. Once your record is attested to, a renewal request can be submitted in the NMLS. This involves paying the NMLS system fees via credit card or ACH. -
Updated License
Once DFI approves your renewal request, you will be emailed an updated license. We are reissuing all Consumer Loan licenses this year due to a change in license numbers. Effective January 2010, DFI will use the location’s NMLS number as its license number, replacing the old 520-CL-XXXXX format.
Need further assistance? The NMLS Renewals Quick Guide (PDF)* outlines the steps for submitting a renewal request via the NMLS. The NMLS Call Center is also available at (240) 386-4444.
Tips for a Successful Renewal
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Know Your NMLS User Name And Password
In order to submit your renewal request via the NMLS, you must have your user name and password available. If you do not know your user name and/or password, contact the NMLS Call Center at (240) 386-4444. -
Ensure Your NMLS Record Is Up To Date, Especially Your Email Address
Most communication about licenses is done via the person listed as Contact Employee on the MU1 or the email address listed on the MU1. If that person or email address is not current, you may miss critical information regarding your license(s).
Frequently Asked Questions
What does it cost to submit a renewal request for my Consumer Loan License?
The cost to submit a renewal request for a main office is $100 and $20 for each branch location. These fees are NMLS system fees and are non-refundable.
Once I submit my renewal request, is there anything else I need to submit inside or outside NMLS?
There is nothing additional which you need to submit prior December 31, 2009. You still must complete and submit the 2009 Annual Report & Assessment on or before March 1, 2010.
What if I am closing one or more of my locations?
For each location you are closing, you must submit a surrender request via the NMLS. If you are closing the company license, you must also complete the Closure Annual Report & Assessment.
Who can help if I forgot my password to the NMLS?
If you are an individual and you know your user name, there is a “Forgot Password” option on the NMLS login screen. If you do not know your user name, you must contact the NMLS Call Center. You can reach them at (240) 386-4444.
Who can I call for help navigating the renewal system in the NMLS?
The NMLS Call Center is available Monday-Friday from 6am-3pm. Their phone number is (240) 386-4444.
What happens if I do not submit a renewal request for my license(s) by December 31, 2009?
Because the Consumer Loan license is perpetual, your license(s) will remain valid. You can submit a late renewal request until February 28, 2010 with no late fee.
Is there an additional fee for submitting a renewal request after December 31, 2009?
No. Licensees requesting a renewal after December 31, 2009 will pay $100 for the main office and $20 for each branch location.
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
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