2015-08-21T09:54:02-05:00 2014-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2014-01-01 522080072 CONFERENCE OF STATE BANK SUPERVISORS INC CONF 2022962840 1129 20TH STREET NO 900 WASHINGTON DC 20036 JOHN W RYAN PRESIDENT AND CEO 2022962840 2015-08-21 1 ELIZABETH HELLER P00397829 2022932200 2014 2016-02-25 16:41:14Z CSBS JOHN W RYAN 1129 20TH STREET NO 900 WASHINGTON DC 20036 67007648 0 X WWW.CSBS.ORG X 1996 DC TO SUPPORT THE LEADERSHIP ROLE OF STATE BANKING SUPERVISORS IN ADVANCING THE STATE BANKING SYSTEM; ENHANCING CONSUMER PROTECTION; ENSURING SAFETY AND SOUNDNESS; PROMOTING ECONOMIC GROWTH AND CONSUMER PROTECTION; AND FOSTERING INNOVATIVE STATE REGULATION OF THE FINANCIAL SERVICES INDUSTRY, THUS LESSENING THE BURDENS OF GOVERNMENT. 20 20 105 20 0 0 0 0 68293559 65682823 -195212 148313 1035115 1134618 69133462 66965754 995939 1308887 0 0 10091395 13640130 0 0 113503 41071012 36690895 52158346 51639912 16975116 15325842 109525207 120235280 21630271 16549844 87894936 103685436 X THE MISSION OF THE CONFERENCE OF STATE BANK SUPERVISORS (CSBS) IS TO SUPPORT STATE REGULATORS IN ADVANCING THE SYSTEM OF STATE FINANCIAL SUPERVISION BY ENSURING SAFETY, SOUNDNESS, AND CONSUMER PROTECTION; PROMOTING ECONOMIC GROWTH; AND FOSTERING 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 NON-DEPOSITORY FINANCIAL SERVICES PROVIDERS, SUCH AS MORTGAGE LENDERS, CONSUMER FINANCE LENDERS, PAYDAY LENDERS, CHECK CASHERS, AND MONEY SERVICES BUSINESSES. 0 0 39588264 191368 59844507 THE LARGEST PROGRAM IS THE ONGOING OPERATION OF THE NATIONWIDE MULTISTATE LICENSING SYSTEM AND REGISTRY (NMLS, OR THE SYSTEM). NMLS IS A WEB-BASED SYSTEM THAT ALLOWS STATE-LICENSED NON-DEPOSITORY COMPANIES, BRANCHES, AND INDIVIDUALS IN THE MORTGAGE, CONSUMER LENDING, MONEY SERVICES BUSINESSES, AND DEBT COLLECTION INDUSTRIES TO APPLY FOR, AMEND, UPDATE, OR RENEW A LICENSE ONLINE FOR ALL PARTICIPATING STATE AGENCIES USING A SINGLE SET OF UNIFORM APPLICATIONS. MORTGAGE LOAN ORIGINATORS EMPLOYED BY INSURED DEPOSITORY INSTITUTIONS ARE ALSO REGISTERED THROUGH NMLS. NMLS BRINGS GREATER UNIFORMITY AND TRANSPARENCY TO THESE NON-DEPOSITORY FINANCIAL SERVICES INDUSTRIES WHILE MAINTAINING AND STRENGTHENING THE ABILITY OF STATE REGULATORS TO MONITOR THESE INDUSTRIES AND PROTECT THEIR CITIZENS. NMLS BEGAN OPERATIONS ON JANUARY 2, 2008. THE STATE REGULATORY REGISTRY LLC (SRR), A WHOLLY OWNED SUBSIDIARY OF CSBS, OPERATES NMLS ON BEHALF OF STATE REGULATORS. CSBS, IN COOPERATION WITH THE AMERICAN ASSOCIATION OF RESIDENTIAL MORTGAGE REGULATORS, ESTABLISHED SRR IN SEPTEMBER 2006.THE SECURE AND FAIR ENFORCEMENT OF MORTGAGE LICENSING ACT OF 2008 (THE SAFE ACT) INTRODUCED REQUIREMENTS FOR MORTGAGE LICENSEES, SUCH AS CRIMINAL BACKGROUND CHECKS, A CREDIT HISTORY REVIEW, PRE-LICENSURE EDUCATION REQUIREMENTS, AND TESTS WITH BOTH NATIONAL AND STATE LAW CONTENT EACH APPLICANT MUST PASS TO OBTAIN A LICENSE. IN 2012, ADDITIONAL FUNCTIONALITY WAS ADDED TO NMLS TO IMPLEMENT THE REMAINING MANDATES CONTAINED IN THE SAFE ACT, INCLUDING:--> MAKING PUBLICLY ADJUDICATED DISCIPLINARY AND ENFORCEMENT ACTIONS AVAILABLE TO THE PUBLIC. STATE ACTIONS STARTED BEING POSTED IN 2012, AND IN 2013, SELF-REPORTED DISCIPLINARY ACTIONS FOR FEDERALLY REGISTERED MLOS WERE ABLE TO BE DISPLAYED IN NMLS CONSUMER ACCESS. AS OF YEAR-END 2014, 45 STATE AGENCIES HAD POSTED MORE THAN 6,000 PUBLIC REGULATORY ACTIONS AND FEDERALLY REGISTERED MLOS HAD REPORTED ALMOST 900 ACTIONS. MAJOR MILESTONES ACHIEVED BY THE STATES, SRR, AND NMLS DURING 2014 INCLUDE:--> NMLS EXPANSION. REVISED NMLS STATE LICENSING FORMS WERE LAUNCHED ON APRIL 16, 2012. THE REVISED FORMS PROVIDED FOR IMPROVED EFFICIENCIES FOR USERS AND CONTAINED MODIFICATIONS THAT ALLOW STATE AGENCIES TO USE NMLS TO MANAGE A WIDE RANGE OF NON-DEPOSITORY FINANCIAL SERVICES LICENSES. AT THE END OF 2014, 34 STATES WERE UTILIZING NMLS TO LICENSE 143 NEW LICENSE TYPES IN THESE EXPANDED INDUSTRIES. SEVERAL ADDITIONAL STATE AGENCIES ARE SCHEDULED TO USE NMLS IN THESE EXPANSION INDUSTRIES OVER THE COMING YEARS. --> MAJOR SYSTEM ENHANCEMENTS AND NEW FUNCTIONALITY ADDED TO NMLS DURING 2014. THIS INCLUDED: COMPANY AND INDIVIDUAL DASHBOARDS FOR STATE LICENSEES THAT PROVIDE A MORE EFFICIENT WAY TO VIEW AND MANAGE LICENSE ISSUES AND DEADLINES; A STREAMLINED TEST ENROLLMENT PROCESS; IMPROVEMENTS IN RENEWAL PROCESS AND DATA DOWNLOAD CAPABILITY FOR STATE REGULATORS; USABILITY IMPROVEMENTS TO THE MORTGAGE CALL REPORT AND ABILITY TO REPORT BRANCH MANAGERS BY STATE ON THE LICENSING FORMS; A DATA ANALYSIS PLATFORM FOR STATE REGULATORS; AND TESTING AND EDUCATION INVESTIGATION TRACKING. ALSO DURING THE YEAR, MAJOR INFRASTRUCTURE WAS DEVELOPED FOR UPCOMING NEW FUNCTIONALITY INCLUDING ELECTRONIC SURETY BONDS, INDIVIDUAL DOCUMENT UPLOAD, AND AN EXAMINATION MANAGEMENT TOOL. --> THE NEW NATIONAL SAFE MLO TEST WITH UNIFORM STATE CONTENT WAS LAUNCHED ON APRIL 1, 2013 AND BY YEAR END, A TOTAL OF 46 STATE AGENCIES HAD ADOPTED THE TEST AND RETIRED THEIR RESPECTIVE STATE TESTS. --> THE SEVENTH NMLS ANNUAL CONFERENCE AND TRAINING HAD AN ATTENDANCE OF MORE THAN 580, INCLUDING REGULATORS FROM 56 STATE AGENCIES AND TWO TERRITORIES (GUAM AND PUERTO RICO). THE AGENDA INCLUDED SESSIONS RELEVANT TO ALL USERS OF NMLS AS WELL AS SPECIAL SESSIONS RELEVANT TO THE MORTGAGE, DEBT, CONSUMER FINANCE, AND MONEY SERVICES BUSINESS INDUSTRIES. --> THE NMLS RESOURCE AND THE FEDERAL REGISTRY RESOURCE CENTER PROVIDE NMLS USERS WITH RESOURCES AND MATERIALS TO ASSIST IN THE NAVIGATION OF THE SYSTEM AND IS CONTINUALLY UPDATED WITH NEWS AND EVENTS OF INTEREST TO THE USERS. IN 2014, THE STATE AND FEDERAL RESOURCE CENTERS HAD MORE THAN 2.3 MILLION UNIQUE VISITORS WHO VIEWED OVER 14 MILLION PAGES.--> AT THE END OF 2014, NMLS CONTAINED ACTIVE STATE LICENSES OR FEDERAL REGISTRATIONS FOR APPROXIMATELY 30,000 UNIQUE COMPANIES AND 530,000 INDIVIDUAL LICENSED OR REGISTERED MLOS. IN ADDITION, DURING THE 2014 RENEWAL SEASON, 9,238 FEDERALLY REGULATED INSTITUTIONS AND 342,000 REGISTERED MLOS RENEWED THROUGH NMLS ALONG WITH THE 30,380 STATE COMPANY LICENSES AND 245,289 LICENSED MLOS THAT WERE ELIGIBLE FOR LICENSE RENEWAL. --> NMLS ADMINISTERED MORE THAN 87,000 TEST COMPONENTS, BRINGING THE TOTAL ADMINISTERED SINCE JULY 2009 TO OVER 872,000. THE SYSTEM ALSO SUPERVISED 115 COURSE PROVIDERS WHO DELIVERED ALMOST 1.7 MILLION HOURS OF EDUCATION THROUGH MORE THAN 1,400 NMLS-APPROVED COURSES IN 2014.-->THE MORTGAGE TESTING AND EDUCATION BOARD (MTEB) CONDUCTED NUMEROUS INVESTIGATIONS CONCERNING MLO TESTING AND EDUCATION MATTERS, COURSES, AND PROVIDERS, AND THE GROUNDWORK FOR THE DEVELOPMENT OF A UNIFORM STATE TEST COMPONENT WAS COMPLETED.--> SRR HELD TWO PUBLIC INDUSTRY MEETINGS WITH THE NMLS OMBUDSMAN.--> THE NMLS CALL CENTER ANSWERED MORE THAN 540,000 INQUIRIES FROM USERS. THE CALL CENTER RESPONDS DIRECTLY TO QUERIES REGARDING ANY SYSTEM USE ISSUES, AND DIRECTS ALL SPECIFIC REGULATORY, REGISTRATION, OR LICENSING QUESTIONS TO THE APPROPRIATE STATE OR FEDERAL AGENCY.--> NMLS CONSUMER ACCESS RECEIVED OVER 2.1 MILLION VISITORS WHO VIEWED NEARLY 72 MILLION PAGES OF INFORMATION ON LICENSED AND REGISTERED COMPANIES AND INDIVIDUALS.--> SRR CONDUCTED 106 LIVE INDUSTRY AND REGULATOR USER TRAINING SESSIONS, INSTRUCTING MORE THAN 6,500 PROFESSIONALS.--> NMLS PROCESSING FEES REMAIN UNCHANGED FOR THE SEVENTH STRAIGHT YEAR OF SYSTEM OPERATIONS. 3283312 16872 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, NON-DEPOSITORY SUPERVISION, AND CONSUMER PROTECTION. THE WORK OF THE DIVISION FOCUSES ON THE DIVERSITY OF THE BANKING INDUSTRY, RIGHT-SIZING REGULATION, AND THE ONGOING IMPLEMENTATION OF THE DODD-FRANK ACT. STAFF IS ALSO ENGAGED ON EFFORTS TO ENHANCE THE EFFECTIVENESS OF STATE SUPERVISION OF BANKS AND NON-BANK ENTITIES. WE DEDICATE SIGNIFICANT TIME AND RESOURCES TO ASSISTING THE STATES IN THE COORDINATION OF MULTI-STATE SUPERVISION OF THE NON-BANK 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. 88921 5838316 COMMUNICATIONS AND INDUSTRY RELATIONSTHE COMMUNICATIONS FUNCTION PRODUCES THE CSBS EXAMINER (A WEEKLY NEWSLETTER), THE SUPERVISORY DIRECTORY, AND THE ANNUAL REPORT. THIS AREA ALSO COORDINATES THE ORGANIZATION'S ENGAGEMENT WITH THE BANKING INDUSTRY. THESE MEETINGS LARGELY OCCUR IN WASHINGTON, DC DURING INDUSTRY ASSOCIATION "WASHINGTON FLY-IN" EVENTS. GOVERNMENT RELATIONS STAFF PROVIDE BRIEFINGS ON REGULATORY AND LEGISLATIVE ISSUES ARTICULATING THE PERSPECTIVE OF STATE REGULATORS. 1117519 1117519 BOTH CSBS AND ITS WHOLLY OWNED SUBSIDIARY STATE REGULATORY REGISTRY LLC (SRR) PROVIDE ANNUAL OPERATING SUPPORT TO THE CSBS EDUCATION FOUNDATION, A RELATED 501(C)(3) EDUCATIONAL FOUNDATION, TO ASSIST THE FOUNDATION IN CARRYING OUT ITS MISSION. 1117519 1117519 44078016 1 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 54 0 1 105 1 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 THE ORGANIZATION 2022962840 1129 20TH STREET NO 900 WASHINGTON DC 20036 CANDACE A FRANKS CHAIRMAN (FROM JUN) 3.00 0.00 X X 0 0 0 DAVID J COTNEY CHAIRMAN-ELECT (FROM JUN) 3.00 0.00 X X 0 0 0 CHARLES G COOPER VICE CHARMAN (FROM JUN) 3.00 1.00 X X 0 0 0 CHARLES DOLEZAL SECRETARY (FROM JUN) 3.00 0.00 X X 0 0 0 LAUREN KINGRY TREASURER (FROM JUNE) 3.00 1.00 X X 0 0 0 CHARLES A VICE IMMEDIATE PAST CHAIR 3.00 0.00 X X 0 0 0 MELANIE HALL MEM-AT-LARGE (TILL MAY) 3.00 1.00 X 0 0 0 KAREN LAWSON MEM-AT-LARGE (FROM SEP) 3.00 0.00 X 0 0 0 KEVIN HAGLER MEM-AT-LARGE (FROM JUN) 3.00 0.00 X 0 0 0 VICTORIA REIDER CSBSEF CHAIR 3.00 1.00 X 0 0 0 GLENN MOYER CO-CHAIR, BAB (FROM JUNE) 3.00 0.00 X 0 0 0 SALLY CLINE LEG COMMITTEE CHAIR 3.00 0.00 X 0 0 0 ROGER ENTRINGER SRR CHAIRMAN 3.00 0.00 X 0 0 0 RICHARD RICCOBONO REGULATORY CHAIR 3.00 0.00 X 0 0 0 ALBERT FORKNER SSPC CHAIR 3.00 0.00 X 0 0 0 MICHAEL POLAND CO-CHAIR, BAB 3.00 0.00 X 0 0 0 ROBERT DONOVAN FOREIGN BANK REG COMM CHAI 3.00 1.00 X 0 0 0 HOWARD PITKIN DISTRICT I CHAIR 3.00 0.00 X 0 0 0 RAY GRACE DISTRICT III CHAIR 3.00 0.00 X 0 0 0 BRET AFDAHL DISTRICT IV CHAIR 3.00 0.00 X 0 0 0 IRIS IKEDA DISTRICT V CHAIR 3.00 0.00 X 0 0 0 MICHAEL MACH DISTRICT II CHAIR (FROM JUN) 3.00 0.00 X 0 0 0 JOHN W RYAN PRESIDENT/CEO 34.50 3.00 X 536904 46687 57850 THOMAS HARLOW EXEC. VP, FINANCE & ADMIN 34.50 3.00 X 315573 27441 56005 MICHAEL STEVENS SR. EXECUTIVE VICE PRESIDE 32.50 5.00 X 383356 58978 63331 WILLIAM MATTHEWS EXEC. VP, MORTGAGE DIVISIO 37.50 0.00 X 400756 0 60456 MARGARET LIU SR. VP, LEGISLATIVE & DEPU 37.50 0.00 X 297980 0 49826 JOHN GORMAN GENERAL COUNSEL 34.50 3.00 X 268312 23331 53149 TIMOTHY DOYLE SR. VP, MORTGAGE INITIATIV 37.50 0.00 X 276330 0 44786 MARK RIPPE SR. VP, CHIEF INFORMATION 34.50 3.00 X 251573 21876 39966 CHARLES CROSS SR. VP, CONSUMER PROTECTIO 37.50 0.00 X 259117 0 43885 JAMES COOPER SR. VP, POLICY 37.50 0.00 X 242944 0 34665 VICKIE SLATER SR. VP, SRR 37.50 0.00 X 215556 0 41759 MARY BETH QUIST SR. VP, BANK SUPERVISION 37.50 0.00 X 232754 0 30626 JOHN PRENDERGAST VP, SUPERVISION 37.50 0.00 X 218852 0 42151 MICHAEL BELAK VP, SRR 37.50 0.00 X 188788 0 40739 SANFORD SUSSMAN SR. DIRECTOR, ASSOCIATE GE 37.50 0.00 X 177380 0 36350 PETER WALLACE VP. SRR INFORMATION TECHNOLOGY 37.50 0.00 X 175536 0 36338 4441711 178313 731882 34 0 1 0 FINANCIAL INDUSTRY REGULATORY AUTHORITY 9509 KEY WEST AVENUE ROCKVILLE MD 20850 DEVELOPMENT/HOSTING OF NMLS 16146903 STREAM INTERNATIONAL 3285 NORTHWOOD CIRCLE EAGAN MN 55121 NMLS-FINRA LICENSING DB 3542751 FEDERAL BUREAU OF INVESTIGATION CJIS DI 1000 CUSTER HOLLOW RD CLARKSBURG WV 26306 NMLS CRIMINAL BACKGROUND CHECKS 3248377 FIELDPRINT 400 LIPPINCOTT DRIVE SUITE 115 MARLTON NJ 08053 NMLS FINGERPRINTING SERVICES 1830914 TRANSUNION RENTAL SCREENING 13591 COLLECTIONS CENTER DR CHICAGO IL 60693 CREDIT SCREENING 659622 23 NMLS PROCESSING FEES 518210 54807886 54807886 MEMBERSHIP DUES/ASSESSMENTS 900099 5810564 5810564 MLO TESTING/EDUCATION 900099 5036621 5036621 EVENTS/SUMMITS 900099 21700 21700 PUBLICATION REVENUE 511120 6052 6052 65682823 190207 190207 1109746 1109746 41894 -41894 -41894 -41894 MISCELLANEOUS 900099 16872 16872 MANAGEMENT FEES 561000 8000 8000 24872 66965754 65682823 0 1282931 1117519 1117519 191368 191368 4202508 3572132 630376 7117118 6049549 1067569 867979 737782 130197 755412 642100 113312 697113 592546 104567 70834 60209 10625 93009 79058 13951 5642 4796 846 5060 4301 759 2668854 2268526 379078 21250 16585 14097 -306 2794 582126 494807 65435 21884 1518338 1290587 227751 1256465 1067995 188470 826066 702157 115648 8261 85117 72349 12768 409020 347667 9458 51895 6358449 5404682 953767 154785 131567 23218 MLO TESTING FEES 9121519 7753291 1368228 MLO EDUC COURSE FEES 6590169 5589410 1000759 FINGERPRINT PROCESSING 5200426 4420362 780064 BANK CHARGES 2037144 1731572 305572 -308713 -262413 -53719 7419 51639912 44078016 7448393 113503 31919 333418 71240129 23966852 1882726 572411 375747 869568 48334170 26414594 23081829 21919576 11890826 71389088 1022031 1184367 109525207 120235280 7073359 5496875 11750493 8018616 2806419 3034353 21630271 16549844 X 71894936 88030436 16000000 15655000 87894936 103685436 109525207 120235280 15325842 464658 0 X X 0 1 X 1 0 X 4852651 21024940 5516489 5810564 37204644 76945058 58044126 62789490 59889131 257667805 81797709 79069066 68305979 65699695 294872449 0 11337261 6211662 6253868 6260628 30063419 11337261 6211662 6253868 6260628 30063419 264809030 880689 1077066 1170711 1299953 4428419 880689 1077066 1170711 1299953 4428419 34473 8440 14328 8000 65241 82712871 80154572 69491018 67007648 299366109 X PART III, LINE 12, OTHER INCOME INCOME FROM AN ACTIVITY THAT IS NOT REGULARLY CARRIED ON AND MANAGEMENT FEES 232439 232439 52646313 52878752 1000000 250000 0 0 1000000 1000000 1000000 3000000 4500000 168779 176676 232439 577894 250000 250000 250000 750000 1125000 1 6380772 177185088 183275714 290146 0 1868807 392718 1476089 1346191 855555 490636 45119172 25166321 19952851 21919576 DAY WITH THE COMMISSIONER 83421 DEFERRED COMPENSATION LIABILITY 760275 DUE TO RELATED ORGANIZATION 392699 FUNDS HELD FOR OTHERS 1797958 3034353 X 67472306 464658 464658 67007648 -41894 -41894 66965754 51681806 41894 41894 51639912 0 51639912 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/SWEEP ACCOUNT. WE THEN REMIT THE COLLECTED FUNDS THE SAME DAY THEY ARE RECEIVED TO THE APPROPRIATE STATE AGENCIES AND TRANSFER THE PORTION BELONGING TO SRR AS A PROCESSING FEE TO OUR OWN OPERATING ACCOUNT. 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. DURING THE YEARS ENDED DECEMBER 31, 2014 AND 2013, A TOTAL OF $4,010,000 AND $1,014,980 WAS DISTRIBUTED TO 5 STATES AND 3 STATES, RESPECTIVELY. IN ADDITION, THE CONFERENCE DISBURSED $180,320 AND $23,325 FROM CUSTODIAL FUNDS AS REQUESTED BY 2 STATES. THE BOARD-ADOPTED POLICY ALLOWS STATES TO LEAVE FUNDS AT THE CONFERENCE UNTIL FURTHER NOTICE. THESE 2 STATES HAVE ELECTED TO SIGN A SEPARATE MEMORANDUM OF UNDERSTANDING TO MORE FORMALLY ARTICULATE THE AGREEMENT. AS OF DECEMBER 31, 2014, THE CONFERENCE HELD $4,636,355 DUE TO 6 STATES. PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. MANAGEMENT CONSIDERS THE YEARS FROM 2011 THROUGH 2014 TO BE OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -41,894. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS 41,894. 1 CSBS EDUCATION FOUNDATION 1129 20TH STREET NW 9TH FLOOR WASHINGTON DC 20036 521347951 501(C)(3) 1117519 SUPPORTS THE EDUCATION AND TRAINING OF STATE BANK AND MORTGAGE REGULATORS 1 SCHOLARSHIP FOR 2014 NMLS USER CONFERENCE 93 191368 PART I, LINE 2: CSBS AND SRR PROVIDE PERIODIC SUPPORT TO CSBS EDUCATION FOUNDATION (CSBS-EF), AS CSBS-EF SERVES AS THE EDUCATIONAL ARM OF CSBS. THE GOVERNING BOARD OF CSBS RECEIVES PERIODIC UPDATES ON THE PROGRAM ACCOMPLISHMENTS OF CSBS-EF. X X X X X X 0 0 0 0 0 0 0 0 0 JOHN W RYAN PRESIDENT/CEO 467040 40612 67896 5904 1968 171 44160 3840 11485 999 592549 51526 0 0 THOMAS HARLOW EXEC. VP, FINANCE & ADMIN 263760 22936 47472 4128 4341 377 36041 3134 17304 1505 368918 32080 0 0 MICHAEL STEVENS SR. EXECUTIVE VICE PRESIDE 320302 49277 61533 9467 1521 234 41600 6400 16843 2591 441799 67969 0 0 WILLIAM MATTHEWS EXEC. VP, MORTGAGE DIVISIO 338346 0 59000 0 3410 0 45125 0 19598 0 465479 0 0 0 MARGARET LIU SR. VP, LEGISLATIVE & DEPU 241012 0 55100 0 1868 0 33496 0 22762 0 354238 0 0 0 JOHN GORMAN GENERAL COUNSEL 212790 18503 35788 3112 19734 1716 32493 2825 22848 1987 323653 28143 0 0 TIMOTHY DOYLE SR. VP, MORTGAGE INITIATIV 223075 0 51500 0 1755 0 29455 0 16356 0 322141 0 0 0 MARK RIPPE SR. VP, CHIEF INFORMATION 203892 17730 45908 3992 1773 154 26524 2306 10689 929 288786 25111 0 0 CHARLES CROSS SR. VP, CONSUMER PROTECTIO 206237 0 47400 0 5480 0 28554 0 16423 0 304094 0 0 0 JAMES COOPER SR. VP, POLICY 202684 0 38800 0 1460 0 27205 0 8082 0 278231 0 0 0 VICKIE SLATER SR. VP, SRR 178237 0 35200 0 2119 0 26428 0 15808 0 257792 0 0 0 MARY BETH QUIST SR. VP, BANK SUPERVISION 194888 0 36300 0 1566 0 28586 0 7427 0 268767 0 0 0 JOHN PRENDERGAST VP, SUPERVISION 192048 0 25700 0 1104 0 26820 0 15844 0 261516 0 0 0 MICHAEL BELAK VP, SRR 171929 0 16200 0 659 0 23128 0 18186 0 230102 0 0 0 SANFORD SUSSMAN SR. DIRECTOR, ASSOCIATE GE 156434 0 20300 0 646 0 21019 0 15726 0 214125 0 0 0 PETER WALLACE VP. SRR INFORMATION TECHNOLOGY 154277 0 20200 0 1059 0 21797 0 14966 0 212299 0 0 0 ARTHUR NEIL MILNER FORMER OFFICER 70833 CSBS 0 SCH L PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ARTHUR NEIL MILNER(D) DESCRIPTION OF TRANSACTION: CSBS PAID ARTHUR NEIL MILNER, FORMER PRESIDENT AND CEO, $70,833 FOR SERVICES RENDERED AS AN INDUSTRY CONSULTANT. NEIL ATTENDED VARIOUS MEETINGS, SUCH AS STATE BANK CONVENTIONS AND THE ABA NATIONAL CONFERENCE FOR COMMUNITY BANKERS, AS PART OF INDUSTRY OUTREACH ON BEHALF OF CSBS. FORM 990, PART VI, SECTION A, LINE 1 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 11 THE CONFERENCE'S FORM 990 IS THOROUGHLY 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 HOW TO ACCESS IT. FORM 990, PART VI, SECTION B, LINE 12C A REVISED CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY WAS ADOPTED IN MARCH 2010 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 AND THAT THEY AGREE TO COMPLY WITH THE POLICY. EACH FORM COMPLETED BY A CSBS EMPLOYEE WILL BE REVIEWED BY THE PRESIDENT AND CEO FOR POTENTIAL CONFLICTS, WHILE EACH FORM COMPLETED BY A MEMBER OF THE BOARD OF DIRECTORS OR COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WILL BE SUBMITTED TO AND REVIEWED BY THE CSBS AUDIT COMMITTEE FOR POTENTIAL CONFLICTS. 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 COMPENSATION 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'S PURPOSE IS TO RECOMMEND SALARY RANGES AND COMPENSATION FOR CSBS STAFF 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 XII, LINE 2C: THE CONFERENCE'S AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. 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. 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