how long does it take for the nmls to process your application 2016
Failure to submit to obtain the required MLO endorsement can result in the assessment of penalty fees of fifty dollars ($50) per day for the first 30 days the MLO license endorsement is not issued, and one hundred dollars ($100) per day for every day thereafter not to exceed a maximum of $10,000.LO license endorsement applications must be submitted through the Nationwide Mortgage Licensing System and Registry (NMLS) system and the individual must complete the following requirements: 1  Successfully complete the National and California State specific examination.