This year, there are two steps you have to complete in order to renew your NC license(s).

Step 1 - Transition      Step 2 - Renewal


STEP 1 - Transition
As of July 1st, 2008, North Carolina joined the NMLS or Nationwide Mortgage Licensing System. All licensees are required to transition their information into this new system. This is a database that, eventually, will become the national registry of all mortgage professionals, across the country. Though the system is in its early stages, it will become the platform for mortgage companies and professionals to maintain their licenses, monitor their information and complete their renewals.
NOTE: All new license applications must also be processed through the NMLS.

To date, very few people/companies have made the transition. This summer, the NCCOB sent out letters to all licensees, both companies and loan officers, detailing the procedure and giving directions as to how to complete the transition.

DEADLINE: September 30th
All licensees have until September 30th to transition their information to the NMLS without charge. As of October 1st there will be a fee to transition your information. The fees will be as follows:

$100 per Company
$20 per Branch
$30 per Loan Officer

1. Read the appropriate notification letter from the NCCOB
Loan Officer Transition Letter				Company Transition Letter
2. Visit the NMLS website and complete the appropriate form
Individual LO Licenses			Click here and then choose "Create an Individual Account."
Company Licenses			Request a company account by clicking here.

• You have to pay the penalty plus the renewal fee and submit your renewal before March 1st.
• Failure to complete this process before March 1st will result in a termination of your license and if you wish to obtain a new license in NC, you will have to complete the entire process again (24 hours of initial education, the passing of and examination and approval by the NCCOB).