On May 20, CSBS requested public feedback on a proposal to raise NMLS fees for the first time since the registry’s launch in 2008. This proposed fee increase will ensure NMLS remains functional and up to date while balancing the need for cost-effectiveness for its 600,000 users. The proposed fee hikes will impact companies, individual licensees, and branches, across industries like mortgage, debt, consumer finance, and money services. For example, the annual processing fee for state licensure would increase from $100 to $120 for companies, from $20 to $25 for branches, and from $30 to $35 for individuals. NMLS fees for federal registration will experience similar price hikes. The proposed fee structure will also include adjustments for initial set-up fees, annual processing fees, and fees associated with changes in sponsorship or employment.
