Locke Lord’s Consumer Finance lawyers regularly solve licensing issues for domestic and international bank and non-bank companies and their employees on federal and state licensing and regulatory filing requirements. We provide advice and counsel throughout the entire licensing and regulatory filing approval process at the state and/or federal level for entities such as banks, bank holding companies, savings associations, savings and loan holding companies, credit unions, insurance companies, mortgage companies, mortgage servicers, individual and institutional mortgage loan originators, mortgage brokers, debt collectors, retail installment sales finance companies and consumer finance companies as well as the subsidiaries and service providers to each of the aforementioned entities.
Locke Lord works hand in hand with our clients to ensure compliance at every level with state and federal licensing and registration requirements, including under the S.A.F.E. Mortgage Licensing Act and the Nationwide Mortgage Licensing System and Registry (NMLSR), as well as state and federal financial institution regulations. Most critically, our lawyers maintain working relationships with state and federal regulators in order to make the licensing process as smooth and transparent as possible for clients.
Locke Lord’s experienced licensing practice effectively and efficiently complements its enforcement and litigation practices in representing and defending clients with state and federal examinations and audits, administrative proceedings, investigations and enforcement actions. From planning and implementation to licensing reviews and providing due diligence, licensing is an essential part of Locke Lord’s Consumer Finance Practice.