Acquiring Licensing & Existing Licensees

Applications

If you have specific legal questions, please seek the advice of an attorney.

New Credit Access Business Application:

CAB applications will be unavailable from February 16, 2026, through March 15, 2026. This temporary suspension is part of our scheduled transition activities and is intended to prevent applicants from needing to resubmit transition-related filings, supporting documents, or other required materials.

During this period:

• No new CAB applications will be accepted.
• All applicants are encouraged to plan submissions accordingly to avoid delays.

Normal application processing will resume in NMLS on March 16, 2026. In preparation for the reopening of CAB applications, businesses that do not yet have an NMLS account are encouraged to review the NMLS Company Account Request – Quick Reference Guide to ensure their account is set up in advance. Additional guidance will be provided as the transition moves forward.

Existing Licensees:

Notice of Transition to the NMLS

The OCCC hereby provides notice that Credit Access Businesses will begin transitioning from ALECS to the Nationwide Multistate Licensing System (NMLS) effective March 16, 2026.

Transition Period:
March 16, 2026 through May 18, 2026

Licensees are encouraged to begin gathering Internal Revenue Service (IRS) documentation reflecting an exact match of the entity’s legal name and Federal Employer Identification Number (FEIN), if such documentation is not already available.

NMLS Company Account Request – Quick Reference

Existing NMLS Account Holders:
Please ensure that your NMLS account remains active and monitor your email for further communications from OCCC.

NMLS Call Center

Please note that OCCC staff do not have access to NMLS in the same capacity as applicants. We are unable to view your account or upload documents on your behalf. For help with account creation, system navigation, or uploading documents, we recommend contacting the NMLS Call Center at 1-855-665-7123 (Monday–Friday, 9:00 AM–9:00 PM ET).

Transfer Existing License:

Please note that the license transfer process has recently changed, though the item requirements remain the same. Beginning March 16, 2026, businesses needing to transfer a Credit Access Business license must apply for a new license online through NMLS. 

During the new application submission, please upload a copy of the asset purchase agreement signed by both the buyer and the seller, or any other documentation that demonstrates the transfer event to the MU1 Document Upload section of NMLS. Name your files TX Proof of Transfer as of 2025-10-14 (Date of the document) and upload it to the Additional Requirement(s) section of the MU1.  Click here for an NMLS Document Upload guide.

If the seller has authorized you to operate under their license while your application is in review, you must complete and upload the “Request for Permission to Operate” form. Name your files TX Permission to Operate as of 2025-10-14 (Date of the document) and upload it to the Document Uploads Additional Requirement(s) section of the MU1. This form is available at the following link:

Permission to Operate Form

Principal Party Required Forms

Personal Affidavit

Personal Employment History

Personal Questionnaire

Additional Forms

Masterfile Amendment

Bank Confirmation

Business Plan

Disclosure of Third-Party Lenders

Disclosure of Owners

Financial Statement

Financial Statement (Supplemental Schedules 1-3)

Financial Statement (Supplemental Schedules 4-6)

Statement of Experience

All licensing documents are presented as PDF-fillable forms. Acrobat Reader is required to view, download, and complete forms. You must save all forms to your computer before entering data. Failure to do so may result in loss of data and files.