DOB: News Bulletin 2313 - June 20, 2008

The Department of Banking News Bulletin 

Bulletin # 2313
Week Ending June 20, 2008

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. Written comments will be considered only if they are received within ten days from the date of this bulletin.


 
FOREIGN BANK ACTIVITY
 
Date Bank Location Activity
4/30/08
Fortis Bank, S.A./N.V.
Brussels, Belgium
3 Stamford Plaza
301 Tresser Boulevard
Stamford, CT 06901
closing
date

 NATIONWIDE MORTGAGE LICENSING SYSTEM

On July 1, 2008, the Department of Banking (“Department”) will begin participation in the Nationwide Mortgage Licensing System that is being developed by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR).  The Department is one of the first states to begin using the CSBS/AARMR Nationwide Mortgage Licensing System.  Through the system, Connecticut mortgage companies will be able to apply for and manage their license electronically.  The System will save the Department significant resources in processing licenses and provide better supervision of the mortgage industry as Connecticut links with other states to protect consumers.
 
The System will be used by state residential mortgage regulators to accept and process license applications and license renewal requests.  Licensees will be able to electronically manage a single record in the Nationwide Mortgage Licensing System to apply for, amend, renew, and surrender licenses for one or more state regulators.  The System will manage the licenses of all mortgage companies, branches, and loan originators.
 
NOTICE TO MORTGAGE LENDERS, CORRESSPONDENT LENDERS, BROKERS
AND LOAN ORIGINATORS:  DEADLINE FOR SUBMISSION OF MORTGAGE
APPLICATIONS AND FILINGS
 
Friday, June 13, 2008 was the last date on which paper applications would be accepted by the Connecticut Department of Banking for a new Mortgage Lender, Correspondent Lender, Broker or Loan Originator license and for any changes, amendments, etc, to a previously filed license application.  On or after July 1, 2008, all mortgage license applications must be made through the Nationwide Mortgage Licensing System (NMLS) at www.stateregulatoryregistry.org/nmls.
 
 
       Dated:  Tuesday, June 24, 2008
 
       Howard F. Pitkin
       Banking Commissioner