Important NMLS Notices for Loan Origination Students

Champions School of Real Estate® Abides by Rules and Regulations Implemented by NMLS

The Nationwide Multistate Licensing System (NMLS) is the regulating body for all licensed Loan Origination professionals in the nation. All Loan courses, materials, and practices at Champions School of Real Estate® are approved by the NMLS and Champions adheres to all Educational standards and rules passed down from this organization.

Below you will find a collection of updates to education standards and regulations recently put into practice by the NMLS. Whether you are a new student currently pursuing a license or an existing license holder returning for Continuing Education, we highly recommend that you review the information below.

Helpful NMLS Links:

Annual Renewal Period Ends December 31, 2017

The annual renewal period for 2018 began November 1, 2017 and ends Sunday, December 31, 2017. We encourage individuals and businesses to renew their licenses early, so there is no impact to their business in 2018. Please note that the NMLS Call Center operates Monday through Friday 9:00 a.m. to 9:00 p.m. ET. For more information, see the Annual Renewal Information page.

New Electronic Surety Bond Activity Effective January 1, 2018

Starting January 1, 2018, the state agencies listed below will begin receiving Electronic Surety Bonds (ESB) through NMLS for the license types listed below. See the ESB Adoption Map and Table for a list of state agencies that have also adopted ESB and required ESB conversion dates. *Please note that this is a new license type in NMLS, effective January 1, 2018.

California Department of Business Oversight

  • *Student Loan Servicer License

Ohio Division of Financial Institutions

  • *Money Transmitters

Michigan Department of Insurance and Financial Services

  • 1st Mortgage Broker License
  • 1st Mortgage Broker/Lender License
  • 1st Mortgage Broker/Lender/Servicer License
  • 2nd Mortgage Broker License
  • 2nd Mortgage Broker Registrant
  • 2nd Mortgage Broker/Lender License
  • 2nd Mortgage Broker/Lender Registrant
  • 2nd Mortgage Broker/Lender/Servicer License
  • 2nd Mortgage Broker/Lender/Servicer Registrant
  • Consumer Financial Services Class I License
  • Consumer Financial Services Class II License
  • Money Transmitter License

Utah Department of Financial Institutions

  • Money Transmitter License
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