Will the Principal Representative need to register with the NMLS?

 

Answer: Effective October 1, 2010 the principal representative designation will be reclassified along with the principal broker designation to principal loan originator. Principal loan originators will be required to be licensed as a loan originator and have at least one year of experience. Also beginning October 1, 2010 all Florida license applications will be required to be filed through the NMLS.