An RMLO cannot conduct business “on their own” with the RMLO license but may conduct business in their own name by using a sole proprietorship that is separately licensed or registered. A licensed RMLO acts on behalf of (and must be sponsored by) an appropriate entity holding a company license or registration (a licensed mortgage company or registered mortgage banker). An RMLO is defined as an individual who, for compensation or gain, or in the expectation of compensation or gain, 1) takes a residential mortgage loan application or 2) offers or negotiates the terms of a residential mortgage loan. Limited exemptions to the requirements from licensure may found in Finance Code § 157.0121 and Finance Code § 180.003. The Texas SAFE Act and Finance Code Chapter 157, Subchapter D require an individual acting in the capacity of an RMLO to be licensed, unless he or she is exempt from licensing requirements. If you experience issues logging in to your NMLS account, you should consult the NMLS Resource Center (including this Help Document) or contact the NMLS Call Center (1-855-NMLS-123 (1-85)) for assistance. You may wish to consider using a secure password manager to store and update your password which will also allow you to choose a longer and more complex password. Your password expires every year and must be between 20 and 64 characters in length. Your NMLS account provides access to sensitive and important information affecting your ability to conduct activities with your license or registration and you should protect your login information from unauthorized use. We recommend copying and pasting the password directly from the email from NMLS when you first log into the system. This system-generated password uses random characters and numbers that are sometimes difficult to transpose. ![]() NMLS will send a system-generated password to the email address designated by the user when creating the account. Many login issues happen when the user initially creates their account with NMLS. Licensees/registrants and applicants for licensure with questions concerning how to use the NMLS system and how to make an application or other filings within NMLS should consult the NMLS Resource Center or contact the NMLS Call Center (1-855-NMLS-123 (1-85)) for assistance. ![]() NMLS maintains a Resource Center on its website, designed to guide and assist licensees/registrants and applicants for licensure concerning how to use the NMLS system. The Department uses the NMLS system to license individual residential mortgage loan originators (RMLOs), among other license/registration types, but did not design or create it and does not control its underlying functionality. ![]() The Nationwide Multistate Licensing System & Registry (NMLS a/k/a Nationwide Mortgage Licensing System) is a licensing database system used by regulatory agencies and licensing authorities throughout the United States and is owned and operated by a company that is a subsidiary of the Conference of State Bank Supervisors (CSBS).
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