Source: http://miss-april.info/policy-compliance/guidance/payday-loans-registered-information-systems-registration-program/
Timestamp: 2019-04-22 18:58:24+00:00

Document:
The Payday, Vehicle Title, and Certain High-Cost Installment Loans final rule imposes processes for the registration of information systems and establishes eligibility criteria that entities must meet in order to become provisionally registered or registered information systems with the Bureau.
On Jan. 16, 2018, the Bureau issued a statement announcing its intent to engage in a rulemaking process so that it may reconsider the Payday Lending Rule. Entities interested in becoming a Registered Information System may request a waiver of the April 16, 2018, application deadline for preliminary approval. Waiver requests should be submitted to Miss [email protected].
View the Registered Information Systems waiver requests.
The deadline for the submission of an application for preliminary approval for registration of an information system is April 16, 2018. The Bureau may waive this deadline. If an application for preliminary approval for registration of an information system is not submitted to the Bureau by April 16, 2018, and the Bureau has not waived the deadline, the applicant will not be eligible for preliminary approval or registration under § 1041.11(c). The applicant may submit an application to be a provisionally registered information system under § 1041.11(d).
In order for an applicant to be eligible for registration prior to August 19, 2019, it must have been granted preliminary approval for registration by the Bureau AND subsequently have submitted an application for registration to the Bureau no later than 120 days from the date the preliminary approval was granted. The Bureau may waive this deadline.
An information system is registered on the date that the Bureau publishes notice of the registration on the Bureau’s website.
The deadline for the submission of an application for registration of an information system is 120 days from the date preliminary approval for registration of the information system was granted. The Bureau may waive this deadline. If an application for registration of an information system is not submitted to the Bureau by the deadline set forth in § 1041.11(c)(3)(ii), and the Bureau has not waived the deadline, the applicant will not be eligible for registration under § 1041.11(c). The applicant may submit an application to be a provisionally registered information system under § 1041.11(d).
On or after August 19, 2019, the Bureau may approve an entity to be a provisionally registered information system.
An information system is provisionally registered on the date that the Bureau publishes notice of the provisional registration on the Bureau’s website.
An information system that is provisionally registered pursuant to § 1041.11(d)(1) shall automatically become a registered information system pursuant to § 1041.11(d)(2) upon the expiration of the 240-day period commencing on the date the information system is provisionally registered.
Please provide an email address and telephone number for the sender. An email receipt will be provided to confirm that the materials were received.
If you anticipate filing more than 30MB of material, you will likely need to break the material into multiple emails. If you break the material into multiple emails, you should note in the subject line that multiple emails are being sent (e.g., part 1 of 3).
If you have specific questions about the Bureau’s regulations, you can .
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