Budget Planner Application Resources

DFS uses the Nationwide Multistate Licensing System and Registry (NMLS) to manage the Budget Planner Licensing process.

Access to NMLS

NMLS is a secure web-based system created by state regulators to provide efficiencies in the processing of state licenses and improve supervision of state-regulated industries. Through NMLS, companies maintain a single record to apply for, amend, surrender and change license authorities in one or more states, and make reports conveniently and safely online.

To access NMLS for the first time, you must complete a Company Account Request Form and identify a Primary Account Administrator and a Secondary Account Administrator. This form can be submitted electronically through the NMLS website in the “Getting Started” section. This form needs to be submitted only once per company, regardless of the number of NMLS participating states in which you are licensed.

Within three days of completing and submitting the Company Account Request Form, the Primary Account Administrator will receive NMLS login information. The Primary Account Administrator will have full rights to access the system, submit information to this agency and other participating state regulators, and set up other company users in the system. Instructions and tutorials on how to access and use the system are also available in the NMLS Resource Center.

Note: If your company already has a record in NMLS, you can omit this step.

Managing Your License on NMLS

Each company holding a DFS Budget Planner License who wishes to manage their license on NMLS must create a company record in the system.

To gain access to NMLS, the applicant must submit a form requesting an NMLS account.

Current New York State Budget Planners may transition their licenses to NMLS.  See the DFS Budget Planner Company Transition Checklist and Budget Planner Branch Transition Checklist on NMLS for more information.

Submitting a Complete Application

To submit an application and ensure your application is received, acknowledged as complete, and processed, please follow the instructions on the NMLS Budget Planner Checklists.  No application shall be deemed to be complete until the Department has received all required information, documents, and fees.

In the process of reviewing and considering the application, DFS may request additional information and supporting documents.

In the application process, an NMLS Identification Number will be assigned to your application. Please maintain a record of this NMLS Identification Number, as it will be used as your application reference number throughout the remainder of the application process. Your NMLS Identification Number must be included on every hard-copy document submitted to the Department.

Note: If you have already submitted Forms MU1 and MU2 through NMLS for another state, you do not not need to re-enter the company record into NMLS. However, you are required to provide jurisdiction-specific information to support your New York State application.



More information about NMLS can be found in the NMLS Resource Center.

Please call DFS at (212) 709-5507 for application questions.