Hey ,
ALECS is gone.
The Texas OCCC
has officially shut down CAB functionality in ALECS.
The transition to NMLS is not coming. It is here.
Here's what you need to know right now.
What just happened:
If you were building a new CAB license application in ALECS but hadn't submitted it yet, that application is likely gone. Deleted. Start over.
If your application was already under review, you're
fine. Finish it in ALECS.
No new CAB license activity will be accepted in ALECS going forward. Full stop.
March 16 is the start date.
Beginning March 16, all new CAB applicants run
the entire licensing process through NMLS. No exceptions.
For existing licensees, the transition requires all of this:
Create a company account in NMLS.
Create individual
accounts for owners, control persons, and anyone else NMLS requires. Add your branch locations. Assign branch managers.
Each step has its own data entry, document uploads, and attestations. None of it is complicated. All of it takes time you need to block.
One
more thing nobody has answered yet:
OCCC reporting no longer runs through ALECS. What replaces it for annual and quarterly CAB reporting has not been announced. Watch for that update. When it drops, I'll cover it here first.
The bottom line:
ALECS had
its quirks. We learned them. NMLS has its own. We'll learn those too.
If you're a current licensee, start your NMLS company account now. Do not wait for March 16 to figure out how the system works.
For the full licensing guidance and documents straight from the OCCC: 👉 Visit Texas OCCC
And if you want the complete Texas CAB/CSO playbook, including how the 3rd-party
lender structure works, fee optimization, and now the full NMLS licensing walkthrough: 👉 Get the eBook
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