Georgia State-Chartered Banks and Credit Unions Closure Procedures
In light of recent inquiries related to COVID-19, the Department would like to remind all Georgia State-Chartered Banks and Credit Unions of emergency closing notification procedures. Georgia Banks and Credit Unions Closure Procedures
Mortgage Loan Originator Resources
MLO Licensing - Getting Started
The Department uses the Nationwide Multistate Licensing System (NMLS) to manage all Mortgage Loan Originator (MLO) Licenses. All applications and changes to an MLO license must be made through the NMLS.
Please review the Pre-requisites for a Georgia MLO license to learn about the requirements that must be met before submitting a license request through the NMLS.
The NMLS website lists licensing information and requirements and contains a checklist and instructions to ensure that you have submitted all required information and jurisdiction-specific documents to the Department for a complete application. These document is included with the applicable checklist and document instruction forms and must be uploaded in NMLS. Note: license requests without sponsors are incomplete applications and subject to administrative withdrawal. Applicants should also familiarize themselves with the applicable Georgia Code Sections and Regulations.
CRIMINAL HISTORY: The Department verifies the criminal background of each applicant for a mortgage license. Applicants must complete the FBI criminal background check authorization and fingerprinting process per NMLS instructions. In addition, you must provide consent to the Department to access your background check using the GA Verification of Lawful Presence Affidavit & Consent Form. Privacy Rights are included with the instructions to the form. Please note, a criminal history increases the difficulty of making a favorable decision on an application. Non-financial crime misdemeanors should not be problematic. Convicted felons, including those that have pled guilty to a felony even if the felony charges were ultimately reduced, who do not provide documentation of the remedy provided for in O.C.G.A. § 7-1-1004(d)(2) (e.g. a pardon) will not be licensed. O.C.G.A. § 7-1-1004 provides no time limit on felony convictions that prohibit licensure. Omissions in either the Individual Form (MU4) or communications with the Department regarding criminal history are deemed to be a serious misrepresentation to the Department and can be the basis of a denial regardless of the nature or outcome of the arrest. Note, applicants that fail to complete the criminal background check process, including authorization and fingerprinting, have not completed the application process and are subject to administrative withdrawal.
CREDIT HISTORY: Applicants should be aware of disqualifying factors concerning creditworthiness. The Department does not qualify financial responsibility on a credit score, but looks at the MLO applicant’s overall credit report. Judgments, child support in arrears, and other factors could result in the denial of licensure. Tax liens, charge-offs or collection accounts, and foreclosures or short sales with a deficiency will also negatively affect MLO licensing unless a payment plan is in place and at least 3 consecutive payments have been made prior to the application. (Payment plans will be checked at renewal for continuation.)
- File a New MLO Application through the NMLS (links off-site to NMLS)
- MLO Quick Guide for Submitting the Individual Form (MU-4) (links off-site to NMLS)
- Georgia-Specific Requirements and Checklist (links off-site to NMLS)
- Mortgage Industry Frequently Asked Questions
- Q&A - GRMA and SAFE Act Applicability to Real Estate Brokers
Please note that the NMLSR federal registration process must be utilized if you are an employee of a bank, bank subsidiary or a credit union. As required under federal law, residential mortgage loan originators employed by banks, savings associations, credit unions, or Farm Credit System institutions must register with the registry, obtain a unique identifier from the registry, and maintain their registrations. Further information regarding the registry and the registration process is available at the registry's website: http://fedregistry.nationwidelicensingsystem.org/Pages/default.aspx.
Georgia's annual license/registration renewal period is between November 1 and December 1. Late Renewals are permitted between December 2 and December 31. Incomplete applications will be subject to expiration after December 31.
PENDING MLO APPLICATIONS
Please refrain from calling the Department to ask for status updates regarding your application. We thank you in advance for your cooperation.
Before contacting the Department, please note the following:
If your application is incomplete, you will be sent an e-mail through NMLS outlining any deficiencies or requirements that are still needed to complete it. It is imperative that your e-mail address in NMLS is accurate and that communications sent do not inadvertently get treated like Spam. Your NMLS record will show your application with a Pending status until it is approved, regardless of whether we have all of your information.
Information is available from the NMLS Consumer Access website once the Department has taken action on an MLO application (i.e., approved, denied, revoked, suspended, expired). If you conduct a search through NMLS Consumer Access and the Department HAS NOT acted on your application, the search will return a "No Match Found" response.
Mortgage Loan Originators who have a current and valid license may use the button/link above to access a secure site for retrieving and printing their 2020 license certificate.
You will receive your login information via e-mail from the Department (email@example.com) after your renewal or new license has been approved. Please note that the Department’s system is not connected to the NMLS, so there is at least a one business day delay in the approval e-mail from our system. Please check your spam folder if you do not receive the Department's approval e-mail within one or two business days. Please note that until you receive the e-mail from us, your new license certificate will not be available.
If you do not remember your password click on this link: MBForgotPassword.html
After a successful login, please be sure to click on the link to open the printing instructions to ensure the best quality printing of your certificate.