If any company information that was provided on the MU1 changes, how much time do we have to update it and submit a corrected MU1?

Reg G, http://www.bankersonline.com/regs/12-1007/12-1007-103.html

where the CFPB has placed the requirements for SAFE registration, states the following:

(b) Maintaining registration. (1) A mortgage loan originator who is registered with the Registry pursuant to paragraph (a) of this section must:

(i) Except as provided in paragraph (b)(3) of this section, renew the registration during the annual renewal period, confirming the responses set forth in paragraphs (d)(1)(i) through (viii) of this section remain accurate and complete, and updating this information, as appropriate; and

(ii) Update the registration within 30 days of any of the following events:

(A) A change in the name of the registrant;

(B) The registrant ceases to be an employee of the covered financial institution; or

(C) The information required under paragraphs (d)(1)(iii) through (viii) of this section becomes inaccurate, incomplete, or out-of-date.

Since you're asking about updating the institution's information, move a little further down in section 1007.103, to .103(e)(1)(iii), where you will find "A covered financial institution must update the information required by this paragraph (e) of this section within 30 days of the date that this information becomes inaccurate.

Aha, I too must read more closely on the fly. Yes, read further for the actual bank info.