WASHINGTON (2/1/11)--The Conference of State Bank Supervisors' (CSBS) Nationwide Mortgage Licensing System & Registry (NMLS) has been upgraded to allow banks and credit unions to register their mortgage loan originators (MLOs), and became fully active on Monday. The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires credit union mortgage loan originators and their employing institutions to register with the NMLS. MLOs will have 180 days to complete the initial round of NMLS registrations. Initial registration will run until July 29, 2011. Credit unions will be required to ensure that their mortgage loan originators are properly registered and prohibit any employees who are not registered from performing any residential mortgage loan origination duties. Residential mortgage loans, including home equity loans, are covered by the SAFE registration rules. However, unregistered MLOs that have originated five or fewer mortgage loans during the previous year will not be required to complete the federal registration process, according to a Federal reserve release. The NMLS Resource Center has scheduled a series of NMLS workshops, which will begin today. The workshops, which will run until March 24, will address account initiation and user registration, as well as how to create mortgage loan originator accounts and records and to manage filing MU4R forms and related fees. MLO training and employee management will also be covered. The Credit Union National Association (CUNA) has also provided its own SAFE Act compliance guide. For that guide, which is available only to CUNA members, use the second resource link. For more on the NMLS changes and the NMLS Resource Center and CUNA NMLS resources, use the resource links.