WBK Industry News - State Regulatory Developments

CSBS Updates NMLS Policy Guidebook

The CSBS recently updated the NMLS Policy Guidebook to add Commercial Financial (Lending/Brokering) as a business activity.  This update was issued on April 1, 2021.

Commercial Financial (Lending/Brokering) relates to acting as a broker or lender for commercial financing transactions that are not for personal, family, or household use and the financing is not secured by real property.

The updated Guidebook can be found here.