MISMO Announces New Licenses for Standards and Collateral

MISMO, the Mortgage Industry Standards Maintenance Organization, is revising the licenses required to use MISMO standards and collateral. The new licenses, effective for standards and collateral issued after December 31, 2017, cover the terms of use for the various products issued by MISMO.  The changes include a revision to the existing End-User License as well as the adoption of a new Distributor License.  Fees may be required to obtain the new licenses for organizations that are not members of MISMO.  These changes will ensure that appropriate terms of use exist for the new types of standards and collateral that MISMO expects to issue in the coming years. Read More Here.

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