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#1993794 - 02/05/15 04:56 PM Documents to include NMLS ID#
JoAnne Offline
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Joined: Feb 2001
Posts: 795
Michigan
Reg Z 1026.36(g)(2) says the names and NMLS IDs are to included on
(1) the credit application
(2) the Loan Estimate and Closing Disclosure (eff 8/1/15)
(3) The note or loan contract
(4) the security instrument

Do they also need to be on Mortgage Loan Extension Agreements?
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Lending Compliance
#1993805 - 02/05/15 05:12 PM Re: Documents to include NMLS ID# JoAnne
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,883
Bloomington, IN
Not IMO. The extension agreement would be an amendment to the mortgage and the NMLS is required to be disclosed only on one page of the mortgage/security agreement and it would have been disclosed on the original mortgage.
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#1994041 - 02/06/15 01:56 PM Re: Documents to include NMLS ID# JoAnne
JoAnne Offline
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Joined: Feb 2001
Posts: 795
Michigan
What if the original mortgage was done prior to the requirement to include the NMLS # on certain documents? When doing an extension, would we now have to include the NMLS # on the extension agreement?
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#1994042 - 02/06/15 02:03 PM Re: Documents to include NMLS ID# JoAnne
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,883
Bloomington, IN
The NMLS number is required when the mortgage is presented for signature and as discussed in a previous thread the existing mortgage has already been presented for signature therefore the NMLS would not be needed when using an existing mortgage.

(g) Name and NMLSR ID on loan documents. (1) For a consumer credit transaction secured by a dwelling, a loan originator organization must include on the loan documents described in paragraph (g)(2) of this section, whenever each such loan document is provided to a consumer or presented to a consumer for signature, as applicable:
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The opinions expressed are mine and they are not to be taken as legal advice.

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