Check Casher/Seller & Payday Lender Industry Update

NMLS annual attestation

Now that October is upon us, it’s time to get ready to complete the annual attestation and pay the annual NMLS system fees for your Washington license. Account administrators for licensees already received emails about what NMLS calls the "annual renewal period."

Because the Check Casher and Check Casher with Small Loan Endorsement licenses are perpetual, the license does not require renewal. However, licensees must attest to the accuracy of their NMLS record and pay the annual NMLS system fee.

Attestation details:

• Complete the annual attestation and submit your NMLS system fees between November 1 and December 31 each year.
• If you need assistance logging into your company NMLS record, contact the NMLS Call Center at 855-665-7123.
• NMLS System Fees are $100 for a main office and $20 for each branch license.

How to prepare for the annual attestation:

• Make sure you can log into your company NMLS record. Please note: the NMLS Call Center will be very busy starting November 1, so ensuring you can access NMLS before November 1 is strongly encouraged.
• When in NMLS, review and clear all license items.
• Review company and branch records for accuracy, as the attestation is a legal certification that the record is accurate.

Other important notes:

• The NMLS annual attestation does not replace your annual assessment, which is due by April 15.
• If you do not want to maintain your license, you must request surrender through NMLS and provide the Department with the required closure documents.
  Check Casher Closure or Check Casher with Small Loan Endorsement Closure

NMLS annual attestation resources

• Preparing for Renewal Quick Guide
• Renewal Handbook

2022 Payday Lending Report published

DFI recently published the 2022 Payday Lending Report. You can view the report and past years’ reports on our Payday Lending Report webpage.