{"Result":[{"LicenseTypeID":1034,"LicenseRequirementID":3814,"RequirementText":"

Company Sponsorship: A sponsorship request must be submitted by your employer. New York Banking Law requires all applicants for a Mortgage Loan Originator License to be affiliated through an employment or independent contractor relationship with a New York regulated entity.

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Applicants can submit an application for licensing prior to establishing an affiliation with a New York regulated entity.  The Department will process applications without sponsorship.  However, as part of the processing of the application, the Department will notify each applicant of the requirement to be sponsored by a New York regulated entity.  Within 30 days of the date of such notification, the applicant will be required to:

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  1. Become affiliated with a New York regulated entity.
    2. \n
  2. Update the MU4 application form with the date of employment and the name and address of the sponsoring entity and specific work location
    3. \n
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The sponsoring entity is required to process a sponsorship request through the NMLS within 30 days of the date of the notification and assign the applicant to a New York licensed principal or branch office.

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Note: Assigned Work Location: must be in the Continental United States, licensed by the Department and within commutable distance of no more than 50 miles or 2 hours, whichever is less, from the applicant’s primary residence.

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Temporary Authority: Temporary Authority will not be granted to applicants assigned to work at locations which are not licensed by the Department.  A Notice of Intent to Deny will be issued by the Department to such applicants.

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Note: MLO applications without sponsorship are deemed incomplete.  Such applications will not be published in the Department’s Weekly Bulletin until the MLO becomes affiliated with a New York regulated entity.  Upon publication in the Weekly Bulletin, the application is subject to the standard 30-day comment period and will not be approved until such comment period expires.

","IsNote":true,"SubmittedVia":"

NMLS

","Order":null,"RequirementsCategory":44,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-08-22T18:50:03.307","Version":3,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":3815,"RequirementText":"

Employment History: The business address listed in the Employment section of the Individual Form (MU4) must match the address of the registered location in the Company Relationship.  Employment date for current sponsors must accurately reflect the date you were hired by the sponsoring company, irrespective of whether you function as a mortgage loan originator.

","IsNote":true,"SubmittedVia":"

NMLS

","Order":null,"RequirementsCategory":44,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-08-22T18:52:09.08","Version":3,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":3817,"RequirementText":"

Credit Report Explanations: An applicant with a credit report that includes derogatory information will be required to provide an explanation, including, but not limited to: (1) relevant payoff or satisfaction letters from creditors and/or collection agencies evidencing payment of outstanding obligations or an existing repayment plan, (2) relevant tax lien releases or satisfaction notices or an existing repayment plan, (3) a lender short sale approval letter, (4) lender’s acknowledgement of the receipt of a loan modification application or loan modification approval, (5) bankruptcy discharge documents, (6) court order(s) vacating outstanding judgments, (7) documentation supporting a medical condition and its financial impact on the individual, (8) documentation demonstrating identity theft and its financial impact on the individual, and (9) a child support enforcement balance and arrears statement or letter. Note: The Department grants new applicants 90 days to provide supporting credit related documentation.

","IsNote":null,"SubmittedVia":"

Upload in NMLS: Upload document in NMLS in the Agency Guidance section under Document Type Credit Report Explanations. 

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OR

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MAIL TO; New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":36,"NMLSDocumentUploadType":50,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Ms. Rholda L Ricketts (rholda.ricketts@dfs.ny.gov)","Modified":"2025-08-29T16:48:04.65","Version":6,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":3818,"RequirementText":"

State Criminal Background Check: Each applicant must submit fingerprints for State criminal background check.

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Note: Applicants that fail to complete the New York State jurisdiction specific criminal background check process have not completed the application process. For applicants that fail to demonstrate compliance with New York Criminal Background check requirements within five (5) day of filing the MU4, the Department will Issue an Intent to Deny.

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Detailed instructions regarding the State fingerprint process, including procedures and forms, are posted on the Department's website

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Note: Rolled fingerprints will only be accepted from law enforcement and government agencies.

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Originating entities are encouraged to submit email requests for blank fingerprint cards to: fingerprintrequest@dfs.ny.gov

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Failure to submit the receipt documenting compliance within State Criminal Background Check requirements within 30 days of filing your application will result in the withdrawal of your application.

","IsNote":null,"SubmittedVia":"

 

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MAIL TO:  New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

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","Order":null,"RequirementsCategory":39,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Ms. Rholda L Ricketts (rholda.ricketts@dfs.ny.gov)","Modified":"2025-08-29T16:50:41.72","Version":7,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":19903,"RequirementText":"

Applicant Notification and Acknowledgement – NYDFS Privacy Act Statement: Effective March 9, 2020, every individual submitting fingerprints for processing using Live Scan or fingerprint cards must review and acknowledge receipt of the FBI Privacy Act Statement, Noncriminal Justice Applicant’s Privacy Rights and Applicant Notification and Acknowledgement-NYDFS Privacy Act Statement.

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The completed Applicant Notification and Acknowledgement – NYDFS Privacy Act Statement must be signed, dated and submitted to the Department. Note: the form must be submitted within 10 days of filing the application through NMLS.

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Click here for Privacy Act Statement

","IsNote":null,"SubmittedVia":"

MAIL TO:  New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":41,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-08-22T18:55:39.453","Version":4,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":19904,"RequirementText":"

Proof of Identification: Each applicant must submit proof of identification. The following types of unexpired photo identification are acceptable:

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Photocopies of identification must be in black and white on standard 8.5” x 11” white paper. All information including the photograph must be clear enough to see and read (legible).

","IsNote":null,"SubmittedVia":"

MAIL TO:  New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":34,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Ms. Rholda L Ricketts (rholda.ricketts@dfs.ny.gov)","Modified":"2025-08-29T16:53:09.463","Version":5,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":19905,"RequirementText":"

Affirmation: Within five (5) days of the submission of the MU4, provide an original, signed affirmation form certifying that the application does not contain any untrue statement or omission of material facts and that the applicant will immediately notify the Superintendent of any changes to the information furnished in the application. Click here to access the MLO Affirmation Form

","IsNote":null,"SubmittedVia":"

MAIL TO:  New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":41,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-08-22T18:57:33.643","Version":3,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":19906,"RequirementText":"

Evidence of Authorization to Work in U.S.: Individuals born outside of the United States must provide evidence of authority to work in the U.S. (e.g., permanent resident alien card, naturalization certificate, U.S. passport, or appropriate immigration authorization).

","IsNote":null,"SubmittedVia":"

EMAIL TO: MBELECTRONIC@dfs.ny.gov

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OR

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MAIL TO:  New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":34,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-08-22T18:58:27.117","Version":4,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":19907,"RequirementText":"

Other License Information: If you have a license to practice any profession, please provide details regarding the nature of license, date issued, license number, and licensing agency. Lawyers must submit an original certificate of good standing. Also, provide details regarding any refusal to issue license(s) or the revocation or suspension of license(s), registration(s), or authorization(s) in this or any other state.

","IsNote":null,"SubmittedVia":"

MAIL TO:  New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":41,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-08-22T19:32:24.767","Version":3,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":19908,"RequirementText":"

Garnishment of Wages: Provide information relating to any garnishment of wages or salary.

","IsNote":null,"SubmittedVia":"

EMAIL TO: MBELECTRONIC@dfs.ny.gov

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Or

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MAIL TO:  New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":37,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-08-22T19:34:32.417","Version":4,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":19909,"RequirementText":"

Surety Bond and Surety Bond Certification Form: Pursuant to Part 420.15 of the Superintendent's Regulations (3 NYCRR 420.15) all mortgage loan originators must be covered by a mortgage loan originator surety bond in order to be licensed.  Note: Applicants should consult the licensing manager for the sponsoring entity to determine whether the entity intends to cover the applicant under the Originating Entity Mortgage Loan Originator surety bond.

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Documentation evidencing coverage - applicants must submit:

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  1. an original (i.e., with raised seal) Individual Mortgage Loan Originator surety bond furnished by a surety company authorized to conduct business in New York along with an original Surety Bond Certification Form, or
    2. \n
  2. a Certification Form from the sponsoring entity indicating that the applicant is covered by Originating Entity Mortgage Loan Originator Surety bond.
    3. \n
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Note: Applicants eligible to operate under Temporary Authority must be covered by an Originating Entity Surety Bond on the first day Temporary Authority is granted. If the Originating Entity Surety Bond is insufficient to cover the applicant, the Department will issue a Notice of Intent to Deny.

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MLOs who will not be covered by an Originating Entity surety bond must submit an Individual Mortgage Loan Originator surety bond

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Click here to access Surety Bond forms and Instructions

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Note: For an \"Individual Mortgage Loan Originator\" surety bond, the name of the principal insured on the bond must match exactly the full legal name of the applicant as listed on the MU4 form filed through NMLS.

","IsNote":null,"SubmittedVia":"

MAIL TO:  New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":42,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-08-22T19:35:18.657","Version":4,"ChangeType":"MOD"},{"LicenseTypeID":1034,"LicenseRequirementID":30543,"RequirementText":"

Disclosure Questions: Provide an explanation and if applicable, supporting documents for each \"Yes\" response.

","IsNote":null,"SubmittedVia":"

MAIL TO: New York State Department of Financial Services, MLO Unit, One State Street, New York, NY 10004

","Order":null,"RequirementsCategory":41,"NMLSDocumentUploadType":null,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Ms. Rholda L Ricketts (rholda.ricketts@dfs.ny.gov)","Modified":"2025-08-29T17:21:46.447","Version":1,"ChangeType":"ADD"}],"Id":22519,"Exception":null,"Status":5,"IsCanceled":false,"IsCompleted":true,"IsCompletedSuccessfully":true,"CreationOptions":0,"AsyncState":null,"IsFaulted":false}