2023-11-14T09:33:40-06:00 2022-12-31 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2022-01-01 522080072 CONFERENCE OF STATE BANK SUPERVISORS CONF 2022962840 1300 I STREET NW 700 E WASHINGTON DC 20005 LEILA GREEN EXECUTIVE VICE PRESIDENT/CFO 2022962840 2023-11-14 1 LEILA GREEN 999009999 0 ELIZABETH W HELLER P00397829 2022932200 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JAMES M COOPER 1300 I STREET NW 700 E WASHINGTON DC 20005 107692080 0 X WWW.CSBS.ORG X 1996 DC CSBS IS THE NATIONAL ORGANIZATION OF STATE BANKING AND FINANCIAL REGULATORS THAT EDUCATES AND INFORMS POLICY MAKERS, CONSUMERS AND OTHER STAKEHOLDERS ABOUT ISSUES AFFECTING STATES' BANKING AND FINANCIAL SERVICES MARKETS. CSBS, ON BEHALF OF STATE REGULATORS, ALSO OPERATES THE NATIONWIDE MULTISTATE LICENSING SYSTEM AND REGISTRY (NMLS) TO LICENSE AND REGISTER NONBANK FINANCIAL SERVICE PROVIDERS. 20 20 196 77 0 0 0 0 114424808 102060324 2082967 2192946 2937580 3375136 119445355 107628406 1306026 1346292 0 0 30165675 34056892 0 0 0 60086584 112659966 91558285 148063150 27887070 -40434744 259861102 226593162 31202345 50175459 228658757 176417703 X CSBS'S MISSION IS TO SUPPORT A NETWORK OF FINANCIAL REGULATORS IN ALL 50 U.S. STATES AND TERRITORIES, PROVIDING MEMBER AGENCIES WITH:- A FORUM FOR COLLABORATING AND DEVELOPING POLICIES THAT STRENGTHEN FINANCIAL REGULATION FOR THE BENEFIT OF CONSUMERS AND COMMUNITIES- A RANGE OF PROFESSIONAL DEVELOPMENT AND TRAINING PROGRAMS- SUPPORT AS THEY PROMOTE SAFETY AND SOUNDNESS, CONSUMER PROTECTION AND ECONOMIC GROWTH AND FOSTER INNOVATIVE, RESPONSIVE SUPERVISION.THE STATE BANKING DEPARTMENTS REGULATE VARIOUS TYPES OF FINANCIAL ACTIVITY WITHIN THEIR JURISDICTIONS, INCLUDING INSURED DEPOSITORY INSTITUTIONS SUCH AS BANKS, CREDIT UNIONS AND THRIFTS, AND NONBANK FINANCIAL SERVICES PROVIDERS, SUCH AS MORTGAGE LENDERS AND MORTGAGE BROKERS, CONSUMER FINANCE LENDERS, PAYDAY LENDERS, CHECK CASHERS AND MONEY SERVICES BUSINESSES (MSB). 0 0 124779411 46750 95377784 CSBS, ON BEHALF OF STATE REGULATORS, OWNS AND OPERATES THE NATIONWIDE MULTISTATE LICENSING SYSTEM (NMLS), AN ONLINE LICENSING, REGISTRATION AND SUPERVISORY PLATFORM THAT BRINGS REGULATORY EFFICIENCY AND ACCOUNTABILITY TO THE MORTGAGE INDUSTRY AND OTHER NONBANK FINANCIAL SERVICES PROVIDERS.NMLS BEGAN OPERATIONS ON JAN. 2, 2008. CONGRESS RECOGNIZED THE VALUE OF THE NEW SYSTEM AND THAT JULY CODIFIED NMLS IN THE SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2008, ENACTED TO ENHANCE CONSUMER PROTECTION AND REDUCE FRAUD THROUGH REQUIRED MINIMUM STANDARDS FOR THE LICENSING AND REGISTRATION OF STATE- LICENSED MLOS. KNOWN AS THE "SAFE ACT," THE LAW CALLS ON THE STATES TO IMPLEMENT AND ENFORCE THESE STANDARDS, REQUIRING MLOS TO HAVE AT LEAST 20 HOURS OF PRE-LICENSING EDUCATION AND AN ANNUAL EIGHT HOURS OF CONTINUING EDUCATION.STATE-LICENSED FINANCIAL SERVICES COMPANIES AND MORTGAGE LOAN ORIGINATORS (MLOS) MUST MAINTAIN AN ACTIVE LICENSE THROUGH NMLS, WHILE FEDERALLY REGULATED DEPOSITORY INSTITUTIONS (E.G., BANKS AND CREDIT UNIONS) AND THE MLOS THEY EMPLOY MUST MAINTAIN AN ACTIVE REGISTRATION. CONGRESS MANDATES THAT STATE LICENSEES AND FEDERAL REGISTRANTS MUST RENEW THEIR MORTGAGE STATE LICENSE AND FEDERAL REGISTRATION, RESPECTIVELY, ON AN ANNUAL BASIS.IN 2022, NMLS WAS USED BY NEARLY 700,000 COMPANIES AND INDIVIDUALS:MORE THAN 308,000 STATE-LICENSED COMPANIES AND INDIVIDUALS MAINTAINED THEIR LICENSES IN NMLS. THE MAJORITY OF THESE COMPANIES ARE FROM THE MORTGAGE INDUSTRY, WHILE THE REMAINING ONE-THIRD ARE FROM THE MONEY SERVICES, CONSUMER FINANCE AND DEBT INDUSTRIES. MORE THAN 387,000 ADDITIONAL MLOS WORKING IN DEPOSITORY INSTITUTIONS MAINTAINED THEIR REGISTRATION THROUGH NMLS. AS NMLS APPROACHES ITS 15-YEAR MARK, WE CONTINUE TO FOCUS ON WAYS TO IMPROVE THE SYSTEM'S FUNCTIONALITY AND USER EXPERIENCE. IN 2021, WE SUCCESSFULLY MOVED THE NMLS INFRASTRUCTURE FROM AN ON-PREMISES DATA CENTER TO A CLOUD ENVIRONMENT, A NECESSARY CHANGE. 8204204 6631610 THE GOVERNMENT RELATIONS FUNCTION OF CSBS IS THE RESPONSIBILITY OF THE POLICY AND SUPERVISION DIVISION. THE DIVISION COVERS LEGISLATIVE ISSUES AND ADVOCACY, REGULATORY POLICY, BANK SUPERVISION PRACTICES AND COORDINATION, NONBANK SUPERVISION AND CONSUMER PROTECTION. THE WORK OF THE DIVISION FOCUSES ON THE DIVERSITY OF THE BANKING INDUSTRY, TAILORING REGULATION AND THE AGENDA OF NEW FEDERAL AGENCY PRINCIPALS. STAFF IS ALSO ENGAGED ON EFFORTS TO ENHANCE THE EFFECTIVENESS OF STATE SUPERVISION OF BANKS AND NONBANK ENTITIES, INCLUDING FINANCIAL TECHNOLOGY, OR FINTECH, COMPANIES. WE DEDICATE CONSIDERABLE TIME AND RESOURCES TO ASSISTING THE STATES IN THE COORDINATION OF MULTI-STATE SUPERVISION OF THE NONBANK MORTGAGE INDUSTRY WITH THE CONSUMER FINANCIAL PROTECTION BUREAU.COLLECTIVELY, OUR GOAL IS TO ENSURE THE STATE FINANCIAL REGULATORY SYSTEM IS STRONGLY REPRESENTED IN THE FORMATION OF FEDERAL PUBLIC POLICY. WE MEET THIS GOAL BY MAINTAINING REGULAR CONTACT WITH STATE SUPERVISORS TO BE AWARE OF CURRENT ISSUES AND COORDINATE BEST PRACTICES FOR THE BENEFIT OF THE SYSTEM. 1299542 1299542 CSBS PROVIDES ANNUAL OPERATING SUPPORT TO THE CSBS EDUCATION FOUNDATION, A RELATED 501(C)(3) EDUCATIONAL FOUNDATION, TO ASSIST THE FOUNDATION IN CARRYING OUT ITS MISSION. 116797 50930 COMMUNICATIONS, WHICH IS PART OF THE CSBS STRATEGIC ENGAGEMENT BUSINESS UNIT, PROMOTES THE ORGANIZATION'S PRIORITIES THROUGH STRATEGY AND INFRASTRUCTURE; THE COMMUNICATIONS TEAM MANAGES AND STRENGTHENS CSBS'S VOICE, MESSAGING AND IDENTITY ACROSS AUDIENCES THROUGH SPEAKING ENGAGEMENTS, MEDIA RELATIONS, EDITORIAL CONTENT AND DIGITAL MARKETING, INCLUDING THE CSBS WEBSITE AND SOCIAL MEDIA CHANNELS. 116797 50930 134399954 1 0 0 1 0 0 0 0 1 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 62 0 1 196 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LEILA GREEN 2022962840 1300 I STREET NW 700 E WASHINGTON DC 20005 TOM FITE CHAIR (AS OF 6/22) 3.00 1.00 X X 0 0 0 LISA KRUSE CHAIR ELECT (AS OF 6/22) 3.00 1.00 X X 0 0 0 MELANIE HALL IMMEDIATE PAST CHAIR (AS OF 6/22) 3.00 1.00 X 0 0 0 CHARLIE CLARK VICE CHAIR (AS OF 6/22) 3.00 1.00 X X 0 0 0 TONY SALAZAR TREASURER (AS OF 6/22) 3.00 1.00 X X 0 0 0 ROSHUNDA KELLY SECRETARY (AS OF 6/22) 3.00 1.00 X X 0 0 0 IRIS IKEDA MEMBER-AT-LARGE (THRU 5/22) 3.00 0.00 X 0 0 0 JEFF PLAGGE MEMBER-AT-LARGE 3.00 0.00 X 0 0 0 KELLY LAMMERS CSBSEF BOARD CHAIR 3.00 1.00 X 0 0 0 KEVIN HAGLER SRR CHAIR 3.00 0.00 X 0 0 0 MARY GALLAGHER LEG CMTE CHAIR 3.00 0.00 X 0 0 0 ROBERTA HOLLINSHEAD REG CMTE CHAIR (AS OF 6/22) 3.00 0.00 X 0 0 0 ED GILL NDS CMTE CHAIR (THRU 12/22) 3.00 0.00 X 0 0 0 DAWN HOLSTEIN SSPC CHAIR 3.00 0.00 X 0 0 0 MIKE HILL CO-CHAIR, BAB 3.00 0.00 X 0 0 0 ANDY ANDERSON CO-CHAIR, BAB 3.00 0.00 X 0 0 0 JORGE PEREZ DISTRICT I CHAIR 3.00 0.00 X 0 0 0 KEVIN ALLARD DISTRICT II CHAIR 3.00 0.00 X 0 0 0 SUSANNAH MARSHALL DISTRICT III CHAIR 3.00 0.00 X 0 0 0 CHARLES COOPER DISTRICT IV CHAIR 3.00 0.00 X 0 0 0 SHAUN BERRETT DISTRICT V CHAIR 3.00 0.00 X 0 0 0 ADRIENNE HARRIS MEMBER-AT-LARGE (AS OF 6/22) 3.00 0.00 X 0 0 0 JOHN RYAN PRESIDENT AND CEO (THRU 5/22) 34.50 3.00 X 431595 37530 44127 LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 34.50 3.00 X 287462 24997 58178 JAMES COOPER PRESIDENT AND CEO (AS OF 5/22) 34.50 3.00 X 598852 52075 79186 THOMAS HARLOW EVP, PRODUCTS AND SOLUTIONS (THRU 8/22) 37.50 0.00 X 646162 0 62276 NGOC VU CHIEF INFORMATION OFFICER 34.50 3.00 X 416759 36240 80490 MARGARET LIU EVP, STRATEGIC ENGAGEMENT 34.50 3.00 X 380195 33060 82030 VICKIE PECK INTERIM EVP, PRODUCTS AND SOLUTIONS 37.50 0.00 X 370431 0 50869 KAREN LAWSON EVP, POLICY & SUPERVISION 37.50 0.00 X 315782 0 34178 KELLY HAIRE EVP, PEOPLE OPERATIONS 34.50 3.00 X 348734 30325 77764 JOHN GORMAN GENERAL COUNSEL 34.50 3.00 X 344254 29935 75713 TODD SCHARF SR CHIEF INFORMATION SECURITY OFFICER 34.50 3.00 X 334729 29106 61036 KEVIN QUINN SVP, ENTERPRISE INFRASTRUCTURE 34.50 3.00 X 311685 27103 67178 DANIEL VALERIAN SVP, PRODUCT MANAGEMENT 37.50 0.00 X 325684 0 45666 5112324 300371 818691 131 0 1 0 FINANCIAL INDUSTRY REGULATORY AUTHORITY 9509 KEY WEST AVENUE ROCKVILLE MD 20850 NMLS HOSTING 14136278 CONCENTRIX CVG DELWARE INTERNATIONAL INC 201 EAST 4TH STREET CINCINNATI OH 45202 NMLS CALL CENTER 7168149 PERFICIENT 555 MARYVILLE UNIVERSITY DRIVE SUI SAINT LOUIS MO 63141 NMLS DEVELOPMENT 6763827 QBASE HOLDINGS LLC 3855 COLONEL GLENN HWAY BEAVERCREEK OH 45324 INFRASTRUCTURE TRANSISTION - APPLICATION 5689814 FEDERAL BUREAU OF INVESTIGATION CJIS DI 100 CUSTER HOLLOW ROAD CLARKSBURG WV 26306 FINGERPRINT IDENTIFICATION 4150834 47 NMLS PROCESSING FEES 518210 85989610 85989610 MLO TESTING/EDUCATION 900099 9389613 9389613 MEMBERSHIP DUES/ASSESSMENTS 900099 6631611 6631611 EVENTS/SUMMITS 900099 49490 49490 102060324 2256620 2256620 3365696 3365696 63674 -63674 -63674 -63674 MANAGEMENT FEES 900099 8000 8000 MISCELLANEOUS REVENUE 900099 1440 1440 9440 107628406 102060324 0 5568082 X 1299542 1299542 46750 46750 3954677 3381963 572714 23466159 20067804 3398355 2876707 2460104 416603 1827773 1563076 264697 1931576 1651846 279730 241100 206184 34916 31306 26772 4534 38333 38333 9266086 7924177 1341909 34582 29574 5008 4759914 4070586 689328 5827898 4983905 843993 3051851 2609884 441967 535244 457730 77514 2799 2394 405 701173 599630 101543 5250861 4490434 760427 243340 208100 35240 IMPAIRMENT LOSS-NMLS 52785805 52785805 MLO TESTING FEES 11257847 9627492 1630355 MLO EDUC COURSE FEES 10436475 8925071 1511404 FINGERPRINT PROCESSING 7471400 6389396 1082004 723952 591735 132217 148063150 134399954 13663196 0 348601 314239 80747751 83823700 411060 1634789 2980170 3022601 86516473 62746807 69378712 23769666 95183936 85319738 10810872 28708429 259861102 226593162 12525304 8407749 6146613 5367599 12530428 36400111 31202345 50175459 X 214063089 161854052 14595668 14563651 228658757 176417703 259861102 226593162 -40434744 -11806310 0 X X 0 1 X 1 0 X 6099680 6192341 6234272 6473558 6631611 31631462 70319768 71431536 85781651 107951250 95428713 430912918 76419448 77623877 92015923 114424808 102060324 462544380 0 5077923 5070898 5960322 8490866 25114220 49714229 5077923 5070898 5960322 8490866 25114220 49714229 412830151 4638598 5249616 3926851 5012547 5622316 24449928 4638598 5249616 3926851 5012547 5622316 24449928 3098790 14069 8000 8000 9440 3138299 84156836 82887562 95950774 119445355 107692080 490132607 0.84230 0.88050 0.04990 0.04780 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INCOME FROM AN ACTIVITY THAT IS NOT REGULARLY CARRIED ON MANAGEMENT FEES SETTLEMENT FEES MISCELLANEOUS REVENUE 0 0 469619 0 469619 0 147593531 148063150 0 1000000 0 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 294848 278092 367504 469619 1410063 250000 250000 250000 250000 1000000 1500000 1 1352704 377798691 378917775 233620 0 2065196 1997621 67575 1683819 1513198 170621 82767458 59235988 23531470 23769666 FUNDED DEFERRED COMPENSATION 2172750 DUE FROM RELATED ORGANIZATION 11764928 OFFICE SPACE DEPOSIT 512032 OPERATING LEASE RIGHT-OF-USE ASSET 14258719 28708429 DAY WITH THE COMMISSIONER 110528 DEFERRED COMPENSATION LIABILITY 2172750 DUE TO RELATED ORGANIZATION 11884842 FUNDS HELD FOR OTHERS 1206830 OTHER LIABILITIES 395066 OPERATING LEASE LIABILITIES 20630095 36400111 95847437 -11806310 63674 -11742636 107590073 38333 38333 107628406 148088491 63674 63674 148024817 38333 38333 148063150 PART IV, LINE 1B: WE ARE A TEMPORARY CUSTODIAN OF FUNDS COLLECTED FROM MORTGAGE LICENSEES WHO USE NMLS. THESE FUNDS ARE NOT RECORDED ON OUR BALANCE SHEET. WE RECEIVE THE FUNDS IN A BANKING ACCOUNT. WE THEN REMIT THE COLLECTED FUNDS THE SAME DAY THEY ARE RECEIVED TO THE APPROPRIATE STATE AGENCIES. AS A RESULT OF THE NATIONAL MORTGAGE SETTLEMENT IN 2012, $65,000,000 WAS DISTRIBUTED TO THE CONFERENCE, OF WHICH, $16,000,000 WAS GRANTED DIRECTLY TO THE CONFERENCE FOR CREATING A STATE REGULATORY FUND. THE REMAINING $49,000,000 WAS TO BE DISTRIBUTED TO THE 49 STATES WHICH WERE A PARTY TO THE SETTLEMENT WITH THE CONFERENCE ACTING AS THE ESCROW AGENT. SINCE 2012 CSBS HAS DISTRIBUTED THE FUNDS TO THE STATES AS DIRECTED BY THE STATES. AS OF DECEMBER 31, 2022, THE CONFERENCE HELD $1,567,991 DUE TO 3 STATES. IN SEPTEMBER 2019, THE AMERIQUEST MULTISTATE SETTLEMENT DISTRIBUTED $414,135 TO THE CONFERENCE TO BE DISTRIBUTED TO THE STATES THAT MEET THE REQUIREMENTS OF THE AMERIQUEST SETTLEMENT COMPLIANCE COMMITTEE AND MOU FOR ADMINISTERING THE FUNDS. IN 2022, NO FUNDS WERE DISTRIBUTED WITH $395,066 REMAINING. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET 63,674. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET 63,674. 1 CSBS EDUCATION FOUNDATION 1300 I STREET NW 700 E WASHINGTON DC 20005 521347951 501(C)(3) 1299542 0 SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS 1 0 NMLS CONFERENCE SCHOLARSHIPS 187 46750 PART I, LINE 2: CSBS AND SRR PROVIDE SUPPORT TO CSBS EDUCATION FOUNDATION (CSBS-EF), AS CSBS-EF SERVES AS THE EDUCATIONAL ARM OF CSBS. THE GOVERNING BOARD OF CSBS RECEIVES UPDATES ON THE PROGRAM ACCOMPLISHMENTS OF CSBS-EF. X X X X X X 1 1 0 0 0 0 0 0 0 JAMES COOPER PRESIDENT AND CEO (AS OF 5/22) 461674 40146 118680 10320 18498 1609 48436 4212 31390 2730 678678 59017 0 0 THOMAS HARLOW EVP, PRODUCTS AND SOLUTIONS (THRU 8/ 319577 0 0 0 326585 0 45633 0 19965 0 711760 0 0 0 NGOC VU CHIEF INFORMATION OFFICER 340734 29629 59526 5176 16499 1435 48321 4202 30967 2693 496047 43135 0 0 JOHN RYAN PRESIDENT AND CEO (THRU 5/22) 422990 36782 0 0 8605 748 35359 3075 10711 931 477665 41536 0 0 MARGARET LIU EVP, STRATEGIC ENGAGEMENT 311448 27082 54826 4768 13921 1210 44506 3870 36216 3149 460917 40079 0 0 KELLY HAIRE EVP, PEOPLE OPERATIONS 288131 25055 50819 4419 9784 851 41253 3587 32416 2819 422403 36731 0 0 JOHN GORMAN GENERAL COUNSEL 290959 25301 41916 3645 11379 989 41316 3593 34122 2967 419692 36495 0 0 TODD SCHARF SR CHIEF INFORMATION SECURITY OFFICER 285294 24808 46716 4062 2719 236 33672 2928 25697 2235 394098 34269 0 0 VICKIE PECK INTERIM EVP, PRODUCTS AND SOLUTIONS 319919 0 46230 0 4282 0 37527 0 19541 0 427499 0 0 0 KEVIN QUINN SVP, ENTERPRISE INFRASTRUCTURE 265339 23073 44496 3869 1850 161 31624 2750 33932 2951 377241 32804 0 0 LEILA GREEN EVP AND CFO, FINANCE AND OFFICE OPS 238092 20704 46920 4080 2450 213 33171 2884 29333 2551 349966 30432 0 0 DANIEL VALERIAN SVP, PRODUCT MANAGEMENT 288931 0 34800 0 1953 0 36102 0 11739 0 373525 0 0 0 KAREN LAWSON EVP, POLICY & SUPERVISION 268437 0 45750 0 1595 0 34178 0 2186 0 352146 0 0 0 PART I, LINES 4A-B DURING THE YEAR ENDED DECEMBER 31, 2022, CSBS DISTRIBUTED THE FOLLOWING AMOUNTS TO A SECTION 457(F) PLAN: JOHN RYAN, PRESIDENT/CEO - $150,000 DURING THE YEAR END DECEMBER 31, 2022 CSBS PAID THE FOLLOWING AMOUNTS FOR SEVERANCE: THOMAS HARLOW, EXECUTIVE VICE PRESIDENT, PRODUCTS AND SOLUTIONS - $314,334 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS OF THE BOARD, EXCEPT THOSE ENUMERATED BELOW, AND SHALL ACT IN LIEU OF THE BOARD BETWEEN SCHEDULED BOARD MEETINGS. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE APPROVED BY THE BOARD AT ITS NEXT SCHEDULED MEETING. THE EXECUTIVE COMMITTEE IS NOT EMPOWERED TO APPROVE SALARY CHANGES OR NON-BUDGETED EXPENSES ABOVE $5,000. THE EXECUTIVE COMMITTEE CONSISTS OF THE SITTING OFFICERS AND THE IMMEDIATE PAST CHAIRPERSON. FORM 990, PART VI, SECTION A, LINE 6 REGULAR VOTING MEMBERSHIP IN THE CONFERENCE IS LIMITED TO THE STATE OFFICER HAVING RESPONSIBILITY FOR THE SUPERVISION OF STATE-CHARTERED BANKING INSTITUTIONS IN EACH STATE, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO, AND THE VIRGIN ISLANDS, OR A REPRESENTATIVE DULY DESIGNATED BY SUCH OFFICER WHO IS ALSO AN EMPLOYEE OF THE STATE BANKING DEPARTMENT OF THAT JURISDICTION. THE CONFERENCE'S OTHER CLASSES OF MEMBERSHIP, WHICH INCLUDE STATE-CHARTERED BANKING INSTITUTIONS, STATE BANKERS ASSOCIATIONS, AND ASSOCIATES, DO NOT HAVE AN OFFICIAL VOTE IN ANY MEETING OF THE CONFERENCE AND ARE NOT ELIGIBLE TO HOLD AN ELECTED OFFICE IN THE CONFERENCE. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS OF THE CSBS BOARD OF DIRECTORS, WHICH INCLUDE THE CHAIRMAN, CHAIRMAN-ELECT, VICE CHAIRMAN, SECRETARY, AND TREASURER, ARE ELECTED BY THE REGULAR VOTING MEMBERSHIP AT THE ANNUAL MEETING OF THE CONFERENCE. ADDITIONALLY, THE REGULAR MEMBERS ARE DIVIDED INTO FIVE GEOGRAPHICAL DISTRICTS AND THEY ELECT A DISTRICT CHAIRMAN AND A DISTRICT VICE CHAIRMAN FROM THE REGULAR MEMBERSHIP IN EACH RESPECTIVE DISTRICT TO REPRESENT THE DISTRICT ON THE CSBS BOARD. FORM 990, PART VI, SECTION A, LINE 7B PROPOSALS FOR THE AMENDMENT OR REPEAL OF THE BYLAWS MAY BE MADE BY ANY TEN REGULAR MEMBERS OF THE CONFERENCE BY SUBMITTING A WRITTEN REQUEST SPECIFYING THE CHANGES PROPOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS. ALL SUCH PROPOSALS WOULD THEN BE CONSIDERED BY THE MEMBERSHIP AT AN ANNUAL OR SPECIAL MEETING OF THE REGULAR MEMBERS, AND THE BYLAWS COULD BE AMENDED OR REPEALED BY A TWO-THIRDS VOTE OF THE REGULAR MEMBERS OR DULY DESIGNATED REPRESENTATIVES ENROLLED AS ATTENDING THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE CONFERENCE'S FORM 990 IS REVIEWED BY THE MANAGEMENT TEAM BEFORE THE RETURN IS SIGNED AND FILED. THE CONFERENCE ALSO POSTS THE 990 ON THE BOARD'S WEBSITE AND EMAILS THE MEMBERS OF THE BOARD INSTRUCTIONS FOR ACCESSING THE 990. FORM 990, PART VI, SECTION B, LINE 12C A REVISED CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY WAS ADOPTED IN SEPTEMBER 2020 COVERING CSBS AND ITS AFFILIATED ORGANIZATIONS. AS PART OF THE POLICY, EACH YEAR ALL CSBS EMPLOYEES, MEMBERS OF THE BOARD OF DIRECTORS, AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS ARE REQUIRED TO SIGN A STATEMENT THAT THEY HAVE READ AND UNDERSTAND THE POLICY, THAT THEY AGREE TO COMPLY WITH THE POLICY AND DICLOSE ANY POTENTIAL CONFLICTS OF INTEREST. EACH FORM IS REVIEWED BY THE CSBS GENERAL COUNSEL TO DETERMINE IF ANY FINANCIAL INTEREST ARE POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS FOR CSBS EMPLOYEES ARE REVEIWED BY CEO AND IF THE POTENTIAL CONFLICT IS GREATER THAN $5,000, THE CSBS AUDIT COMMITTEE WILL ALSO BE CONSULTED. WHILE EACH POTENTIAL CONFLICT RELATED TO A MEMBER OF THE BOARD OF DIRECTORS OR COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WILL BE SUBMITTED TO AND REVIEWED BY THE CHAIRMAN OF THE BOARD (OR IN THE CASE WHERE THE CONFLICT INVOLVES THE CHAIRMAN OF THE BOARD, THE VICE CHAIRMAN) OF THE RESPECTIVE ORGANIZATION, THE CEO, AND THE PRESIDENT OF THE RESPECTIVE ORGANIZATION OR AFFILIATE (IF DIFFERENT). FORM 990, PART VI, SECTION B, LINE 15 CSBS HAS A FORMAL POLICY STATING THAT THE PROCESS FOR DETERMINING THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES SHALL INCLUDE (1) REVIEW AND APPROVAL BY THE FINANCE, COMPENSATION, AND BENEFITS COMMITTEE OF CSBS, (2) USE OF DATA AS TO COMPARABLE COMPENSATION, AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THE FINANCE, COMPENSATION AND BENEFITS COMMITTEE OF THE CSBS BOARD OF DIRECTORS HAS BEEN ESTABLISHED IN THE BYLAWS AS A STANDING COMMITTEE, WHICH DEFINES THAT THE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE ANNUAL BUDGET AND ESTABLISHING THE INVESTMENT AND GENERAL COMPENSATION AND BENEFITS POLICIES FOR RECOMMENDATION TO THE BOARD OF DIRECTORS FOR APPROVAL. MEMBERS OF THE EXECUTIVE COMMITTEE CONDUCT AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 CSBS DOES NOT MAKE ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN ANY FORM OUTSIDE THE 990. CSBS DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY PUBLICLY AVAILABLE; HOWEVER, CSBS WOULD CONSIDER ANY REQUESTS RECEIVED FOR SUCH DOCUMENTS. FORM 990, PART IX, LINE 18: WE ARE AN ASSOCIATION OF STATE BANKING OFFICIALS AND REIMBURSE THOSE OFFICIALS FROM TIME TO TIME FOR TRAVEL EXPENSES RELATED TO CONDUCT OF REQUIRED DUTIES OF THE ORGANIZATION. FORM 990, PART IX, LINE 24A: DURING THE YEAR ENDING DECEMBER 31, 2022, THE PROGRESS AND STATUS OF THE NMLS MODERNIZATION PROJECT WAS RE-EVALUATED. OVER THE COURSE OF THE YEAR, MANAGEMENT DETERMINED THAT THE DIRECTION OF THE PROJECT WOULD CHANGE. WITH THAT CHANGE, THE TOTAL CARRYING AMOUNT OF THE NMLS MODERNIZATION ASSET WAS REVIEWED AND DEEMED TO NOT BE RECOVERABLE THEREFORE, $52,785,805 WAS IMPAIRED IN 2022 WHICH IS RECORDED AS AN EXPENSE ON LINE 24A OF THE STATEMENT OF FUNCTIONAL EXPENSES. FORM 990, PART XII, LINE 2C: THE CONFERENCE'S AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. STATE REGULATORY REGISTRY LLC 1300 I STREET NW 700 E WASHINGTON DC 20005 205641694 THE DEVELOPMENT AND OPERATION OF NMLS DC 77699445 169457474 CONFERENCE OF STATE BANK SUPERVISORS INC CSBS EDUCATION FOUNDATION 1300 I STREET NW 700 E WASHINGTON DC 20005 521347951 TO ENHANCE STATE FINANCIAL SUPERVISION THROUGH EDUCATION AND TRAINING DC 501(C)(3) LINE 10 CONFERENCE OF STATE BANK SUPERVISORS INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 CSBS EDUCATION FOUNDATION B 1299542 COST CSBS EDUCATION FOUNDATION N 394953 ALLOCATION CSBS EDUCATION FOUNDATION O 1170697 ALLOCATION CSBS EDUCATION FOUNDATION P 756982 NET CLEARING PMTS