Maine is going to start utilizing the NMLS for the licensing of supervised lenders and loan brokers. In connection with the transition, both of those licenses will be converted from two-year to one-year licenses. The transition will also eliminate the September 30 license expiration date for supervised lenders and the January 31 license expiration date for loan brokers. Under the new system, licenses will be effective from January 1 through December 31 each year. The fees associated with new and renewal license applications have also been cut in half to reflect the shortened license periods. Currently licensed companies can transition onto NMLS as renewals between August 31, 2012, and October 31, 2012. There will be a late transition period for currently licensed companies between November 1, 2012, and November 30, 2012, but a late fee will be assessed for renewals during this time. Renewal applications will not be accepted after November 30. A licensee who fails to renew by that time will be required to submit a new application. New applicants can submit applications through the NMLS after August 31, 2012