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The Nationwide Multistate Licensing System (NMLS) serves as a central registry for mortgage loan originators. Who administers the NMLS?

Federal Mortgage Law · 24% of the SAFE exameasy

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Correct answer: The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR)

The NMLS is administered by the Conference of State Bank Supervisors (CSBS) in partnership with the American Association of Residential Mortgage Regulators (AARMR). While the CFPB enforces consumer protection laws and HUD oversees housing programs, neither administers the NMLS. The Federal Reserve regulates bank holding companies and does not run the NMLS.

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