February 2, 2021 Audrey Acquisti

Annual Filing – State Corporations Division

The NMLS renewal season is behind us but each business entity registered or filed with the Office of the Secretary of State is required to file an annual report.  This has nothing to do with NMLS and your mortgage company license.

Each business entity registered or filed with any Office of Secretary of State is required to file an annual report.  This includes both domestic and foreign entities.  Late filings will be charged late fees.

It is extremely important that each entity verify its information prior to filing an annual registration. Corrections can only be made by filing another annual registration or an amended annual registration and paying the appropriate filing fee. Additionally, a person who signs a document he or she knows is false in any material respect with the intent that the document be delivered to the Secretary of State for filing may be guilty of a misdemeanor.

Note:  If you receive an email from a Resident Agent company indicating they will file your annual report on your behalf, think about it carefully!  This is a revenue generator for the Resident Agent company.  The fee you will pay them will most likely be ten times what the cost is to file it yourself and it should only take you about 5 minutes to file it.