DCA Produces NYC's Foreign Languages Services Documentation Requirements

Licensing

When Home Equity Investments Become Mortgage Loans: What State Licensing Changes Mean for Providers

As more states bring home equity investment agreements under mortgage lending laws, providers face new licensing requirements and regulatory challenges. Recent developments in Massachusetts, Maine, Illinois, and Connecticut highlight what lenders, fintechs, and investors need to consider when offering these products or expanding into new markets.

Licensing

Planning to Expand in 2027? Start With a Licensing Roadmap

Planning to expand into new states or launch new financial services in 2027? Learn how to build a licensing roadmap, navigate state-specific requirements, and prepare for a smoother, more efficient expansion.

Licensing

7 Business Changes That Could Affect Your Licenses

State licensing agencies rely on current information about the businesses they regulate. This can include ownership, management, physical locations, trade names, and individuals responsible for licensed activities. When that information changes, licensees may be required to notify regulators within a specific timeframe. Some changes must be approved before they take effect.

Debt Collection & Buying

Debt Collection Bonding Requirements in New York City

A question we hear on a regular basis regarding collections in New York City is, "Is there a surety bond requirement that accompanies the license requirement?" The broad answer is "yes" - there is a debt collection bond requirement in NYC. But there is a huge caveat. The bond is only required for agencies that [...]

Debt Collection & Buying

Debt Collection Laws

*As of this writing - these are accurate. Cornerstone Support is not responsible for decisions based on this web content - please consult legal counsel before implementing based on information in this guide* Debt Collection Laws If you're in debt collection, then you are well aware of the importance of following the debt collection laws [...]

Licensing

Considerations when Completing the California Debt Collection License Application

On September 1, 2021, the California Department of Financial Protection and Innovation (DFPI) began accepting applications for debt collection licenses under the Debt Collection Licensing Act. This article walks through the information you must provide in the application and in the NMLS, plus key considerations for completing it accurately.