Latest InfoSight Newsletter is Now Available

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As a member of the California and Nevada Credit Union Leagues you have access to InfoSight, your first stop when searching for compliance answers. It is an online compliance resource containing information on a wide range of topics including the numerous laws and regulations that affect a credit union's business affairs. Each topic contains easy-to-read compliance summaries, checklists, direct links to laws and regulations, and links to additional important resources.

The latest InfoSight newsletter is now available and contains important news and information, including:

NMLS annual review period underway
The NMLS Annual Renewal Period began on November 1 and ends on Dec. 31. According to federal regulations, both institutions and most individual mortgage loan originators (MLOs) must be renewed through NMLS annually. If the renewal process is not completed prior to Dec. 31, the MLO is placed in an “Inactive” registration status both on NMLS and NMLS Consumer Access. Inactive registrations must be reactivated in order to have an “active” registration status. NMLS requires a $30 processing fee for each MLO seeking to renew or reactivate a registration. MLOs who are submitted for renewal but did not complete renewal attestation prior to December 31 need to be reactivated, incurring an additional $30 processing fee at the time of reactivation. Source: NMLS Federal Registry Resources

InfoSight provides many compliance resources for compliance officers, including:

Compliance Connection Videos – a library of videos on various compliance topics (YouTube)
Compliance Calendar – upcoming compliance dates as well as important reminders and information
Checklist List – a listing of all the checklists found throughout InfoSight

Click here to access additional compliance resources for your credit union!

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