Review your starting point.
Before ending an existing RI relationship, review the current service agreement, notice requirements, and license record. A transition should be planned around your actual obligations rather than a generic timeline.
Get the new relationship documented.
Confirm the replacement RI’s service scope, fees, and onboarding requirements. Make sure both sides understand when duties begin and what must happen before the transition can take effect.
- Review the current agreement and any notice obligation
- Confirm the proposed replacement RI and written terms
- Prepare the relevant NMLS and supporting documents
- Coordinate the effective date and any required regulatory review
- Confirm the resulting records after the change
Keep the team aligned.
Give your licensing and compliance contacts a clear plan for the handoff. Keep relevant records and correspondence organized so that the company can explain what changed and when.
Start with a conversation.
AZRI can review your planned change and explain the information needed to assess an RI engagement. We help coordinate the RI side of a transition, while your company remains responsible for its agreements and licensing obligations.