INVOICING Agency Fee Invoicing (AFI) Allows agencies to invoice - PowerPoint PPT Presentation

AGENCY FEE INVOICING

Agency Fee Invoicing (AFI) • Allows agencies to invoice licensees through NMLS. • Agencies have used AFI to collect… • Assessment Fees • Examination Fees • Amendment Fees (for changes NMLS cannot collect automatically) • Fines • Travel Related Costs • Investigative Fees • Ownership Transfer Fee • NMLS handles communication and reminders to the licensee until the invoice is paid.

Fees NMLS can collect automatically • Transition Fee • New License Fees • License/Registration Fee • Application Fee • Amendment Fee • Legal Name Amendment Fee • Main Address Amendment Fee • Other Trade Name Addition Amendment Fee • Qualifying Individual Amendment Fee • Renewal Fees • Renewal Fee • Reinstatement Fee

AFI Creation • Single Invoice Entry • Invoices can be created one at a time on an ad-hoc basis. • Invoice Batch Upload • Invoice can be created in bulk. • Invoice Batch Uploads cannot exceed $487,500 and 10,000 rows/invoices. • Multiple invoices batches can be uploaded. • Use of AFI can begin at any time. You automatically have access to the functionality.

Demonstration • Create an Agency Fee Invoice Launch Online Demo https://training.statemortgageregistry.com/

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