Notice to Title Pledge Lenders of Transition to NMLS
"Notice to Title Pledge Lenders of Transition to NMLS"
We are pleased to announce that starting August 1, 2017, the Department will begin using the Nationwide Multistate Licensing System (“NMLS”) to manage all licenses under the Tennessee Title Pledge Act. Through NMLS your company will be able to apply for, amend, and renew its license authority conveniently and safely online. NMLS also contains functionality for the submission of financial statements and credit reports as required for a title pledge license. More information about NMLS can be found on the NMLS Resource Center. PLEASE NOTE: Effective August 1, 2017, the Department will require new applicants for a Title Pledge Lender license to apply through NMLS at http://www.stateregulatoryregistry.org/NMLS. The Department will no longer accept paper applications after July 31, 2017.