Notice to Student Loan Servicers
On May 12, 2016, the Commissioner elected to require use of the Nationwide Mortgage Licensing System (“NMLS” or “System”) for the licensing of student loan servicers.
The Order Requiring Student Loan Servicers to be Licensed on NMLS and Interim Procedures (pdf file) addresses changes in procedures that will occur by operation of law and otherwise by order to enable participation in the System. It also sets forth detailed Interim Procedures regarding use of NMLS by applicants and a position on the deadline for licensure and enforcement.
For you reference, use this link to a June 17, 2015, Order Establishing Requirements and Interim Procedures for System-Based Licensure for Certain Financial Services Industries (pdf file).
Student Loan Repayment Guide
A new Student Loan Repayment Guide is available to assist borrowers in Connecticut, which ranks among the top 10 states for average student loan debt. The online guide is a public education initiative produced by the Departments of Banking and Consumer Protection and the Attorney General's Office to focus on the issue of student loan debt. The guide is available in seven languages.
2016 Foreclosure Prevention Clinics
The New England states have formed the New England Regional Mortgage Committee and will be initiating coordinated examinations of mortgage lenders, mortgage correspondent lenders, mortgage brokers and mortgage loan servicers beginning in 2015.
AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER
The State of Connecticut is an Affirmative Action/Equal Opportunity Employer and strongly encourages the applications of women, minorities, veterans and persons with disabilities.