Mortgage Lender Licenses in 50 States

 E-Mail us YOUR NAME, YOUR COMPANY, YOUR TELEPHONE NUMBER,THE STATE, THE LICENSE THAT YOU

 ARE INTERESTED IN AND WE WILL CALL YOU IMMEDIATELY
REVISED 5/25/2006 


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ST

CONTACT PERSON

State Banking Department Links

PURCHASE OF RETAIL INSTALL.
CONTRACTS
(HOME IMPROVEMENT LOANS)

1st MORTGAGE
LOANS

PERSONAL PROPERTY/UNSECURED
LOANS

[CONSUMER LOANS]

AK

Alaska Division of Banking Securities & Corporations

Juneau Mailing AddressP.O. Box 110807Juneau, AK 99811-0807, Physical Address150 Third Street, Suite 217Juneau, AK 99801, 907-465-2521 phone, 907-465-2549 fax

   NO LICENSE REQUIREMENTS for 1st mortgage loans but get an AK Business License Small Loan License

AL
J.A. Whitehead
AL State Banking Dept., Center for Commerce Suite 680
401 Adams Avenue
Montgomery, Alabama 36130-1201
Telephone (334) 242-3452; Main FAX (334) 242-3500
Bureau of Loans FAX (334) 353-5961
   MORTGAGE LENDER LICENSE Initial investigation fee of $100.Annual license fee of $500 for each office, assets available for operation of business of at least $25,000.
(Ala. Code §5-19-22) ALABAMA CONSUMER CREDIT ACT
Consumer Credit Lender License

AR
Rhys G. Rogers (501) 324-8689,
Charles A. Kelemen
(501) 324-8681
Arkansas Securities Department, HeritageWest Bldg, Suite 300, 201 F. Markham, Little Rock, AR 72201, 501-324-9260
  Mortgage Banker License Each Applicant must submit audited financial statements reflecting a net worth of at least Twenty Five Thousand
Dollars ($25,000.00).The Applicant must list all loan officers licensed to conduct business in Arkansas. A loan officer shall not be employed
simultaneously by more than one (1) licensed mortgage banker or mortgage broker.Each mortgage banker and mortgage servicer is required to post a surety bond in the amount of One Hundred Thousand
Dollars ($100,000.00) and each mortgage broker is required to post a surety bond in the amount of Fifty Thousand Dollars
($50,000.00).
Loan Broker License

AZ

ARIZONA STATE BANKING DEPT.
2910 N. 44TH STREET, SUITE 310
PHOENIX, AZ 85018
602/255-4421
fax 602-381-1225

Electronic mail
General Information: mailbox@azbanking.com
Consumer Affairs: : consumeraffairs@azbanking.com
Webmaster: webmaster@azbanking.com

NON REGULATED

MORTGAGE BANKER'S LICENSE
Title 6, Chapter 9, Article 2, 6.941In order to qualify for a mortgage banker license of such a license an applicant shall: 1. Have not fewer than three years' experience in the business of making mortgage banking loans or equivalent lending experience in a related business. If the applicant is a person other than a natural person, the responsible individual shall meet this requirement. 2. Have engaged or intend to engage in the business of making mortgage loans or mortgage banking loans. 3. Either: (a) Be authorized to do business with any of the following: (i) The federal housing administration.(ii) The veterans administration. (iii) The federal national mortgage association. (iv) The federal home loan mortgage corporation. (b) Notwithstanding paragraph 5, at all times have and maintain a net worth of not less than 250,000 dollars. 4. Provide the superintendent with a current audited financial statement or that of its parent company prepared by an independent certified public accountant in accordance with generally accepted accounting principles including: (a) The certified public accountant's opinion as to the fairness of the presentation in conformity with generally accepted accounting principles. (b) A balance sheet prepared within the previous six months and certified by the licensee. The superintendent may require a more recent balance sheet. (c) A statement of operations and retained earnings and a statement of changes in financial position provided the applicant has commenced operations. (d) Notes to the financial statement if applicable. 5. At all times have and maintain a net worth of not less than 100,000 dollars. Nonrefundable application fee. If the natural person is not a resident of this state, an employee of the licensee shall be designated in the license as the individual responsible for such licensee. A responsible individual shall be a resident of this state, shall be in active management of the activities of the licensee and shall have not less than three years' experience in the business of making mortgage banking loans or equivalent experience in a related business. Every person licensed as a mortgage banker shall deposit with the superintendent, before doing business as a mortgage banker, a bond executed by the licensee as principal and a surety company.
CONSUMER LENDER LICENSE\
Az Revised Statutes,
Title 6, Banks and Finan. Inst.,
Chap 5, Consumer Loans,
Art.1, ARS 6.601 thru 6.675
www.azleg.state.az.us/

CA

DEPT. OF CORPORATIONS
320 West 4th Street, Suite 750
LOS ANGELES, CA 90013-1105
(213) 576-7500

NON REGULATED

MORTGAGE BANKERS LICENSE

or

CA FINANCE LENDER LICENSE
www.leginfo.ca.gov/

CALIFORNIA CODE OF REGULATIONS

List of Licensees
CONSUMER FINANCE LENDERS LICENSE
Ca Financial Code, Division 9,
Section 22000; Regs Ca Code of Reg.,
Title 10, Chap. 3, Subchapter 6, Section 1404

CO
DEPT OF LAW
COLORADO UCC CODE
1525 SHERMAN ST., 5TH FLOOR
DENVER, CO 80203
303/866-4494

NOTIFICATION
if loans equal to or less than 12% require the filing of a
SUPERVISED LENDERS LICENSE
if loans greater than 12%

NO LICENSE REQUIREMENTS for 1st mortgage loans

Supervised Lenders License if loans greater than 12%
http://www.state.co.us/gov_dir/dol/uccc/uclicreq.htm
NOTIFICATION
if loans equal to or less than 12% require
the filing of a
SUPERVISED LENDERS LICENSE

if loans greater than 12%
http://www.state.co.us/gov_dir/dol/uccc/uclicreq.htm

CT


Connecticut Department of Banking
Consumer Credit Division
260 Constitution Plaza
Hartford, CT 06103-1800
Telephone: (860) 240-8200 or toll-free 800-831-7225
Fax: (860) 240-8178
E-mail: jean.wright@po.state.ct.us

SALES FINANCE COMPANY LICENSE

1st MORTGAGE LENDERS LICENSETwo types of first mortgage loan licenses are issued to distinguish between first mortgage loan licensees who actually grant such loans and those who arrange loans to be granted by others. Licenses issued to the latter are designated "broker only."
2ND MORTGAGE LENDERS LICENSE

Two types of secondary mortgage loan licenses are issued to distinguish between secondary mortgage loan licensees who actually grant such loans and those who arrange loans to be granted by others. Licenses issued to the latter are designated "broker only."
License Requirement;Chap. 646, Sec. 36-2246,
Conn. Gen. Statutes,
Chap. 636a, Sec. 36-224a.
Conn. Gen. Statutes, Definitions
SMALL LOAN LICENSE/
Gen.Stat.of CT Title 36a, Chap 668
www.cslnet.ctstateu.edu/statutes/
title36a/httoc.htm

www.state.ct.us/dob/

DC
Office of Banking & Financial Institutions717 14th Street, Suite 1100, Washington, D.C. 20005
Phone (202) 727-1563 E-mail obfi@dcgov.org

CONSUMER RETAIL CREDIT

Mortgage Lender License
 

DE

CAROL KIRBY, QUINN MILLER, SHEILA WILLIAMS, FRED LOWDEN
OFFICE OF STATE BANKING COMMISSIONER
555 E. LOOCKERMAN STREET, Suite 210
DOVER, DE 19901
302/739-4235

Fax: (302) 739-3609
Licensing/Consumer Complaints Fax: (302) 739-2356

NONREGULATED

LICENSED LENDERS LICENSE

Applications
LICENSED LENDERS LICENSE
     

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ST

CONTACT PERSON

RETAIL INSTALL.
CONTRACTS

1st & 2ND MORTGAGE
LOANS

PER. PROP/UNSECURED

FL


Donald B. Saxon, Division Director

Division of Securities and Finance, 101 E. Gaines Street
Tallahassee, FL 32399-0350
E-Mail: electronic_licensing@mail.dbf.state.fl.us

(850) 410-9895

Fax No. (850) 410-9914

SALES FINANCE COMPANY LICENSE

MORTGAGE LENDERS LICENSE


Chapter 494, FL statutes Correspondent Mortgage Lender/A Correspondent Mortgage Lender is authorized to originate a mortgage
loan and may close loans in the name of the licensee. However, they may not service a mortgage loan for others more than four months after it is closed. The licensee must be a lawfully formed entity such as a corporation , limited liability company or a partnership. Evidence of being a legally formed entity is required with each application.The licensee is required to maintain a minimum net worth of 25 thousand dollars and have annual audited financial statements in accordance to generally accepted accounting principals prepared by an independent Certified Public Accountant. In addition, a continuous surety bond of 10 thousand dollars is required to be issued of a forms available from the Department. The licensee is required to maintain and transact business from an office within the State of Florida. The application fee is $400. (See fingerprint card requirements below.)

Mortgage Lender/A Mortgage Lender is authorized to originate a mortgage loan and may close loans in the name of the licensee. In addition, a mortgage lender may service mortgage loans for others without limitation as to time. A licensed mortgage lender is the only licensee authorized to sell loans to non-institutional investors and to services loans for individuals. The licensee must be a lawfully formed entity such as a corporation , limited liability company or a partnership. Evidence of being a legally formed entity is required with each application.The licensee is required to maintain a minimum net worth of 250 thousand dollars and have annual audited financial statements in accordance to generally accepted accounting principals prepared by an independent Certified Public Accountant. In addition, a continuous surety bond of 10 thousand dollars is required to be issued of a forms available from the Department. A Mortgage Lender must maintain an office in Florida unless it is only servicing loans on Florida Real Estate. The application fee is $500. (See fingerprint card requirements below.)Fingerprint Card RequirementsThe following are required to submit completed fingerprint cards along with their application to become a licensed business or lender: All directors, the chief or primary officer, and all individuals who own 10% or greater interest in the entity applying.
FL CONSUMER FINANCE LICENSE
However, a person may loan money
to others, when the per annum
percentage rate does not exceed 18%,
without having a consumer fionance license.
Consumer Finance Act, Chap. 516 . FL ST
www.dbf.state.fl.us/licensing/ch516web.html

GA


Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
Phone: (770) 986-1633 or
Toll Free: (888) 986-1633
Fax: (770) 986-1654
MORTGAGE DIVISION

The Mortgage Division is primarily responsible for the licensing, supervision, and examination of mortgage brokers, lenders and registrants.

NAME E-MAIL ADDRESS PHONE#
ROBERT A. BRASWELL, Deputy Commissioner for Mortgage
robertb@dbf.state.ga.us 770-986-1371
Sandra Sheley, Director for Mortgage - Supervision
sheley@dbf.state.ga.us 770-986-5036
Melinda Kinard, Director for Mortgage - Licensing
mkinard@dbf.state.ga.us 770-986-1649
Rod Carnes, Supervisory Manager - Licensing
rodc@dbf.state.ga.us 770-986-2811
Larry Shelley, Supervisory Manager - Regulation shelley@dbf.state.ga.us 770-986-1372
Carol Grafman, Mortgage Division Attorney cgrafman@dbf.state.ga.us 770-986-1648

MORTGAGE LENDERS LICENSE
Georgia Residential Mtg Act §7-1-1002

MORTGAGE LENDERS LICENSE
Georgia Residential Mtg Act/article 13 of chapter 1 of title 7 of the o.c.g.a.
 
 HI Div. of Financial Institutions,
Department of Commerce and Consumer Affairs
1010 Richards Street, Room 602-A
Honolulu, HI 96813
Phone: (808)586-2820
Fax: (808) 586-2818
 

 MORTGAGE LENDERS LICENSE

Qualified Foreign Lenders Should No Longer Register With DFI Or With Any Other State Agency: During the 1999 Hawaii Legislative Session, the State law relating to mortgage loans (Chapter 207, Hawaii Revised Statutes ("HRS")) was amended by Act 43, Session Laws of Hawaii (1999), effective on April 26, 1999. Sections 207-14 and 207-15, HRS, were repealed. As a result, the exemptions and immunities described in Section 207-12, HRS, are now accorded to qualified foreign lenders without the need for registration of the foreign lender with DFI or with any other state agency. Since neither DFI nor any other state agency is authorized to interpret part II of Chapter 207, HRS, a lender should consult an attorney if it is uncertain about any provision there in Chapter 207, including whether it is a "foreign lender" as defined in Section 207-11, HRS, or whether it is entitled to the exemptions and immunities described in Section 207-12, HRS. The DFI cannot provide such legal advice and cannot render an opinion or interpretation of any provision in Chapter 207, HRS.

 

 Nondepository Financial Services Loan Company

IA
ROD REED
IOWA DIVISION OF BANKING
200 EAST GRAND AVE, SUITE 300
DES MOINES, IA 50309
515/281-4014 FAX: 515/281-4862 281-7688

NOTIFICATION

MORTGAGE BANKERS LICENSE

License Requirements
Loan Company License

ID

Anthony Paladori, Supervisor of Examinations

K.C. Shaler
DEPT. OF FINANCE
STATE OF IDAHO
700 W. State Street, 2nd Floor
P.O. Box 83720
BOISE, ID 83720
208/332-8002

Fax: [208] 332-8097

NOTIFICATION

The following provides basic licensing information as detailed in the Act:

Licensees are not required to maintain a physical location in Idaho.
There is no "one time" exemption for individuals regularly engaged in mortgage brokering/lending activities.
Exempt entities include, but may not be limited to, certain financial institutions, governmental agencies, wholesale lenders, and attorneys and accountants licensed under either chapter 2 or chapter 20, Title 54, Idaho Code.
A brief summary of licensee qualifications include:
$350 application fee,
Completed application,
$25,000 surety bond to be increased by additional sums of $10,000 for each branch office,
The individual in charge of each office must have a minimum of three years experience in residential mortgage lending, and
Registration with the Idaho Secretary of State's Office.
LOAN OFFICER LICENSES will be required in the near future so keep checking my Latest News Page

APPLY ON-LINE NOW

SUPERVISED LENDERS LICENSE
www.state.id.us/

IL

Jean Mukwaya

OFFICE OF BANKS AND REAL ESTATE, Residential Finance 312-793-1409 or 312-793-0291 (TDD).
Correspondence should be addressed to 310 South Michigan Avenue, Suite 2130, Chicago, IL 60604-4278.

Dept. Of Financial Institutions
Consumer Credit Division
James R. Thompson Center
100 West Randolph Street
Suite 15-700
Chicago, IL 60601
312/814-5145

SALES FINANCE COMPANY LICENSE
5202 and 5203 Sales Finance Agency Act

RESIDENTIAL MORTGAGE LICENSE Residential Mortgage License Act of 1987/No person or entity shall engage in the business of brokering, funding, originating, servicing or purchasing of residential mortgage loans without first obtaining a license; a $1000 investigation fee; Upon finding that a license will be issued, an $800 license fee is payable. Each licensee shall maintain a full-service office. For licensees whose principal place of business is located outside of Illinois, in lieu of maintaining a full service Illinois office, they must submit a certified audit (pursuant to 205 ILCS §635/3-2) evidencing a minimum net worth of $100,000 and a fidelity bond of $100,000.(205 ILCS §635/3-4; 38 ILAC 1050.340)
CONSUMER CREDIT LOAN LICENSE www.state.il.us/dfi/reg.htm

IN


DEPT OF FINANCIAL INSTITUTIONS
1024 STATE OFFICE BUILDING
INDIANAPOLIS, IN 46204
317/232-3955

CREDITORS NOTIFICATION
FIRST MORTGAGE LOANS DO NOT REQUIRE A LICENSE BUT SECOND MORTGAGE LOANS REQUIRE A LICENSED LENDER LICENSE Unless a person has first obtained a license from the department, the person shall not engage in this state in the business of making consumer loans or taking assignments of and undertaking direct collection of payments from or enforcement of rights against debtors arising from consumer loans. Consumer loans are all types of loans including "pay-day loans," and second mortgage loans; however, an Indiana loan license is not required to make only first lien mortgage loans. IUCCC LOAN LICENSE

IUCCC IC 24-4-4.5
www.dfi.state.in.us/uccc/llapp.htm
     

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KS

CONSUMER CREDIT COMMISSIONER
JAYHAWK TOWER
700 SW JACKSON ST, STE 1001
TOPEKA, KS 66603-3758
785-296-3151

SUPERVISED LENDERS LICENSE
(16a-1-301[39] Kansas Consumer Credit Code).

MORTGAGE BUSINESS LICENSE
SUPERVISED LOAN LICENSE
www.state.ks.us/

KY

GARY THURMAN
DEPT. OF FINANCIAL INSTITUTIONS
477 VERSAILLES ROAD
FRANKFORT KY 40601
502/573-3390

MORTGAGE LOAN COMPANY LICENSE
KRS 294.030(1)
KRS 294.020
KRS 294.010(n)


MORTGAGE LOAN COMPANY LICENSE

http://www.dfi.state.ky.us/
Consumer Loan Company

LA

OFFICE OF FINANCIAL INSTITUTIONS
PO BOX 94095
BATON ROUGE, LA 70804-9095
Tele: 225-925-4660; FAX 225-925-4548

NOTIFICATION
Part XI of Louisiana Revised Statutes 9:3563 through 3565.

MORTGAGE LENDER LICENSE AND LICENSE FOR EACH ORIGINATOR
Consumer Lender License
     

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MA

Dennis Otis

MA Division of Banks
One South Station
Boston, MA 02110
(617) 956-1500

FAX: (617) 956-1599

MORTGAGE LENDERS LICENSE

MORTGAGE LENDERS LICENSE

G.L.c. 255E

Regulation 209 CMR 42.00
SMALL LOAN AGENCIES LICENSE
G.L.c. 140, s96-114A;
Reg. 209 CMR 12.00 order stat.
617-727 2834
www.state.ma.us/dob/con_comp.htm

MD
Maryland Division of Financial Regulation
500 North Calvert Street, Room 402
Baltimore, Maryland 21202-3651

SALES FINANCE COMPANY LICENSE (Installment Loan License)

MORTGAGE LENDERS LICENSE
Maryland Mortgage Lender Law
Consumer Credit License

ME

RICHARD T. HOWARD
PRINCIPAL EXAMINER

DEPT OF PROFESSIONAL AND FINANCIAL REGULATION, OFFICE
OF CONSUMER CREDIT PROTECTION

STATE HOUSE STATION 35
AUGUSTA, MAINE 04333-0035
(207) 582-7699
FAX (207) 582-5415

SALES FINANCE COMPANY LICENSE
9-A, M.R.S.A., Section 6 202 of the Maine Consumer Credit Code

SUPERVISED LENDER LICENSE

Under the Consumer Credit Code must be licensed as a supervised lender to make a “supervised loan,” which is defined as any loan in which the rate of the finance charge, calculated according to the actuarial method, exceeds 12§percent per year OR any loan secured by an interest in real estate; however, the code excludes certain real estate loans. (9-A MRSA §1-101 et seq

Supervised Lender License

MN
Robin Brown
DEPT. OF COMMERCE
Division of Financial Examinations
85 Seventh Place East, Suite 500
St. Paul, MN 55101-2198
651-282-9855

NONREGULATED
Residential Mortgage Originator or Servicer License Application Minnesota Statutes, Chapter 58 entitled the "Minnesota Residential Mortgage Originator and Servicer Licensing Act" (the Act) was passed in 1998, with an effective date of August 1, 1999. This Act requires licensing as an originator or servicer of Minnesota residential mortgage loans Consumer Small Loan Lender License

MI
Mark Weigold, Office of Financial and Insurance Services 333 South Capitol Avenue, Suite A, Lansing, MI.
P.O. Box 30224
Lansing, MI 48909

Main Telephone (517) 373-3460; FAX (517) 335-0908

NONREGULATED
Michigan Home Improvement Finance Act (HIFA) MCLA 445.1101 et seq., MSA 19.417(101) et seq.

application/FIRST MTG LENDER LICENSE

SECONDARY
MORTGAGE LOAN ACT LICENSE

Mtg Brokers, Lenders and
Servicing Act/Secondary Mtg Act
Licensing & Enforcement Division at
517-373-3470
Regulatory Loan License

MO
Greg Barlow, Supervisor of Savings & Loans
Mortgage Broker Section
Division of Finance
301 West High Street, Room 630
P.O. Box 716
Jefferson City, MO 65102-0716
Main # 573-751-3242; Section Phone 573-751-4243; Fax 573-751-9192
Email: gbarlow@mail.state.mo.us

FINANCIAL INSTITUTION LICENSE
Chapter 364, Sec. 364.030

Residential Mortgage Brokers License

Mortgage lenders (other than exempt entities) are governed by the licensing provisions of Residential Mortgage Brokers License Act (Mo. Rev. Stat. Sections 443.800 to 443.912). No person shall engage in brokering, funding originating, servicing or purchasing residential mortgage loans without being licensed. (Mo. Rev. Stat. §443.805)

FINANCIAL INSTITUTION LICENSE
Chap 367 loan license
also see consumer protectionlaw
at 408.51-62
www.ecodev.state.mo.us/finance/

www.moga.state.mo.us/homestat.htm

MS

MISSISSIPPI
DEPT OF BANKING AND CONSUMER FINANCE
Mailing address
P. O. Drawer 23729
Jackson, MS 39225-3729
Street address
550 High Street Suite 304
Jackson, MS 39202
Phone numbers
601-359-1031
601-359-3557 (Fax)
1-800-844-2499 (WATS - Incoming USA) If you have any questions please send us an email at jallison@dbcf.state.ms.us

NONREGULATED

MISSISSIPPI MORTGAGE CONSUMER
PROTECTION ACT (MMCPA) was signed by Governor Musgrove on May 22, 2000 to become effective and in force from and after July 1, 2000. Who must be licensed or registered? Unless exempt, as stated in the law, any person who engages in residential mortgage lending activity in connection with real estate located in Mississippi, must obtain a mortgage company license or register as an originator.

 

Small Loan & Privilege Tax Licnese

MT

Ann M. Godwin, Commissioner & Chris Olsen, Deputy Commissioner, MT Department of Administration, Banking and Financial Institutions Division, 301 South Park, Suite 316, Helena, MT 59620, Phone: 406-841-2920 FAX 406-841-2930

SALES FINANCE COMPANY LICENSE
 The Consumer Loan Act only requires licensing to make certain loans (other than of regulated lenders such as financial institutions) but the Act does not pertain to loans which are governed by 12 U.S.C. 1735f-7a.(Mont. Code Ann. §32-5-102(b)) Only if the interest rate on loans which are governed by 12 U.S.C. 1735f-7a exceed the state usury law does the lender have to file for a license under the Consumer Loan Act (Mont. Code Ann. §32-5-101, 32-5-102, 32-5-103, 32-5-301, 31-1-112). Consumer Loan License
 

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NC

Will Langston/ Ben Briggs

NC Commissioner of Banks
316 W. Edenton Street
Raleigh, NC 27603

Mailing Address: 4309 Mail Service Center, Raleigh, NC 27699-4309

Tele: 919-733-3016 fax: 919-733-6918

NONREGULATED

MORTGAGE BANKERS LICENSE

Forms & Fees

CONSUMER FINANCE LICENSE
Art. 15, 53-164-NC Consumer Finance Act

 

Consumer Finance Forms

ND
Dept of Banking, State Capitol, 600 E. Boulevard, Bismaarck, ND 58505-0080, 701-328-9933

NONREGULATED

MONEY BROKERS LICENSE
Money Broker License

NE
Ray Pont, Karen Reynolds
Nebraska Department of Banking & Finance
Commerce Court
1230 'O' Street, Suite 400
Lincoln, NE 68508-1402

(402)471-2171

SALES FINANCE COMPANY LICENSE

MORTGAGE BANKERS LICENSE
Small Loan Company License

NH

BANKING DEPARTMENT
64b Old Suncook Road
Concord, New Hampshire 03301
Telephone 603/271-3561
Fax 603/271-1090

NONREGULATED

1ST MORTGAGE LICENSE


SECONDARY MORTGAGE
LICENSE
Small Loan License

NJ
Department of Banking and Insurance
Division of Banking
Office of Consumer Finance
20 West State Street
P.O. Box 040
Trenton, NJ 08625-0325
609-292-5360
fax 609-292-5461

SALES FINANCE COMPANY LICENSE

MORTGAGE BANKER LICENSE

SECONDARY MORTGAGE
LOAN LICENSE
http://www.naic.org/nj/div_bank.htm

the Division's supervisory and licensing authority extends to such financial service establishments as mortgage bankers; mortgage brokers
CONSUMER LENDER LICENSE
17:11 C-3 Title 17
Corporations and Institutions
for Finance and Insurance/
New Jersey Law Net (NJ Statutes)
www.njlawnet.com

NM

William Verant, DIRECTOR
REGULATION & LICENSING DEPT.
FINANCIAL INSTITUTIONS DIVISION
Financial Institutions Division
2550 Cerrillos Road, 3rd Floor,
Santa Fe, NM 87505

Phone: (505) 476-4885
Fax: (505) 476-4670

Email: rldfid@state.nm.us

CERTIFICATE FOR EXEMPTION
Mortgage Loan Company and Loan Broker Act.

MORTGAGE LOAN COMPANY REGISTRATION
Mtg Loan Company
and Loan Broker Act
SMALL LOAN LICENSE
http://legis.state.nm.us/archives.html
NM Small Loan Act
www.state.nm.us/rld/rld_fid.html

NV


LAS VEGAS OFFICE

Las Vegas Office
Mortgage Lending Division
3075 E. Flamingo #104A
Las Vegas, Nevada 89121
702-486-0780
702-486-0785 (Fax)
www.mld.nv.gov

CARSON CITY OFFICE

Carson City Office

Mortgage Lending Division
400 W King Street, Suite 406
Carson City, Nevada 89703
Phone: (775) 684-7060 • Fax: (775) 684-7061
www.mld.nv.gov

NONREGULATED
neither mortgage lender under NRS Chapter 645B or an installment lender under NRS Chapter 675

MORTGAGE COMPANY LICENSE

MORTGAGE COMPANY (NRS & NAC 645B): Anyone who holds himself out as
being able to make or arrange loans secured by real estate, or as being able to buy or sell
notes secured by real estate in, into or from Nevada must have a mortgage company
license, or be specifically exempted from that license. A licensed real estate broker or
agent does not automatically qualify to engage in mortgage activities. There is no
separate license for mortgage broker, funder or mortgage banker. All licensed mortgage
companies must have a “qualified employee” to oversee the day to day operations of the
company.
INSTALLMENT LOAN LICENSE
www.state.nv.us/b&i/

NY
State of New York Banking Dept.
Legal Financial Services Division
2 Rector Street-21st Floor
New York, NY 10006
Attn: Deputy Super. Peter Philbin
General no. 212/618-6642
Fax 212-618-6426

SALES FINANCE COMPANY LICENSE


MORTGAGE BANKERS LICENSE

applications
NY LICENSED LENDER LICENSE/
laws and regs at www.banking.state.ny.us/
     

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OH
RICH KECK, Bob Dillon
Dept of Commerce
DIVISION OF Financial Institutions
77 S HIGH STREET, 21st FLOOR
COLUMBUS, OH 43266-0121
614/466-2221

NONREGULATED
Ohio Retail Installment Sales Act, Chapter 1317 of the Ohio Revised Code

brokering or lending of 1st mortgage loans requires a Mortgage Brokers License AND brokering or lending of 1st and/ or 2nd mortgages requires a Mortgage Loan Act License Mtg Loan Act (1321.51-1321.60) 2nd mtgs or unsecured loans of any size)
Mtg Broker ActChap 1322
http://www.com.state.oh.us/dfi/dfiabout.htm#do

SMALL LOAN LICENSE
Small Loan Act (1321.01-1321.19)
http://www.com.state.oh.us/dfi/dfiabout.htm#do

OH Mortgage Loan Act License

OK

Karen Banks

DEPT. OF CONSUMER CREDIT
4545 LINCOLN BLVD., SUITE 104
OKLAHOMA CITY, OK 73105
405/521-3653

NOTIFICATION


MORTGAGE BROKER LICENSE A new law, the Mortgage Broker Licensure Act, was enacted effective November 1, 1997 (Okla. Stat. tit. 59 Section 2071 et seq.) which requires mortgage brokers to be licensed with the Commission on Consumer Credit.-A mortgage broker means any person who for compensation or gain (or in expectation of such) makes a residential mortgage loan or assists a person in obtaining or applying to obtain such loan (or holds himself
out as being able to do such).-A residential mortgage loan is any loan primarily for personal, family or household use secured by a mortgage or residential real estate of a one- to four-unit family dwelling.(Okla. Stat. tit. 59 §2082) Exemption from Supervised Lender License: Lender making mortgage loans “primarily secured by an interest in land,” which is defined as “a loan in which the collateral is substantial in relation to the amount of the loan, and the loan finance charge does not exceed 13 percent per year calculated according to the actuarial method on the unpaid balances of the principal on the assumption that the debt will be paid according to the agreed terms and will not be paid before the end of the agreed term,” except if the loan is made subject to the UCCC by agreement. If not exempt, need license to make consumer loans at rates in excess of 10 percent (i.e., “supervised loans”). UCCC is not intended to apply to mortgage lenders.
Supervised Lender License

OR

Dept of Consumer and Business Services Consumer (DCBS)

Lori Asa
350 Winter St. NE, Room 410
Salem, OR 97301-3881
Phone: (503) 947-7300
Fax: (503) 947-7862

NONREGULATED

MORTGAGE LENDER LICENSE

http://www.cbs.state.or.us/external/dfcs/database/lear/search_main.htm

CONSUMER
FINANCE LICENSE

Consumer Finance Act
OR
Revised Statutes 725
www.state.or.us/

www.cbs.state.or.us/

PA
Cynthia Wirt, Chief
Licensing Division
Bureau of Licensing and Consumer Compliance
DEPARTMENT OF BANKING
333 MARKET STREET, 16TH FL.
HARRISBURG, PA 17101-2290
717/787-3717 fax 717-787-8773

NONREGULATED

First Mortgage Banker

Secondary Mortgage Lende
r
CONSUMER DISCOUNT
COMPANY LICENSE


Consumer Discount Act
www.banking.pa.us/

RI
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS
DEPT OF BUSINESS REGULATION
DIVISION OF BANKING
233 RICHMOND STREET,
SUITE 231
PROVIDENCE, RI 02903-4231
(401) 277-2405

SECONDARY MORTGAGE LENDING LICENSE
 Rhode Island Loan License Loan Broker License
     

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SC
C. Dean Bratton, Director Consumer Finance Division
SC State Board of Financial Institutions
1015 Sumter Street, 3rd Floor, Columbia SC 29201
803-734-2020 Telephone
803/734-2025 fax

NOTIFICATION
NO LICENSE REQUIREMENTS for 1st mortgage lending only and a Supervised Lender License for 2nd mortgage lending CONSUMER FINANCE
COMPANIES LICENSE


Sec.34-29-10 to 34-29-260; 37-3-500 to 37 3-605
www.state.sc.us/consumer/

SD

DIVISION OF BANKING STATE CAPITOL, 500 EAST CAPITOL AVENUE,
PIERRE, SD 57501-5070
(605)773-3421

NONREGULATED

MORTGAGE BANKING LICENSE
 Money Lending License

TN
Carl Scott
STATE OF TENNESSEE
DEPT. OF FINANCIAL INSTITUTIONS
502 JOHN SEVIER BUILDING
500 CHARLOTTE AVENUE
NASHVILLE, TN 37219
615/741-2236

NONREGULATED
(BUSINESS & TAX
PRIVILEGE LICENSE)

INDUSTRIAL LOAN AND THRIFT LICENSE=No person shall engage in making, brokering or servicing mortgage loans without first obtaining a license or filing a Registration statement as required under the Tennessee Residential Lending, Brokerage and Servicing Act.(Tenn. Code Ann. §45-13-103(a))
by the Commissioner of Financial Institutions. -Whether applicant is a mortgage lender, mortgage loan broker or mortgage loan servicer, or any combination thereof. -a tangible net worth (tangible assets less liabilities) of not less than $25,000
Nonrefundable investigation fee of $100. License fee of $500. (Tenn. Code Ann. §§ 45-13-104, 45-13-105, 45-13-119) a surety bond payable to the state in the sum of $25,000, or a letter of credit in that amount of credit
 

TX

Texas Savings and Loan Department, 2601 North Lamar, Suite 201, Austin, Texas 78705, Main Telephone Number: 512-475-1350; Fax Number: 512-475-1360

 

Leslie L. Pettijohn, Commissioner
TEXAS CONSUMER CREDIT COMMISSION
2601 N. LAMAR
AUSTIN, TX 78705-4207
512/936-7600

NOTIFICATION

First Mortgage Loans: Texas Mortgage Broker License (obtained through the Texas Savings and Loan Dept )(HUD Approved Lenders: Non-Supervised Mortgagee with Direct Endorsement Underwriting Authority Are Exempted as Mortgage Bankers)

 

Second Mortgage Loans: Texas Regulated Lenders License (obtained through the Texas Office of Consumer Credit Commissioner)

 

see Texas Mortgage Broker License Page
REGULATED LENDERS LICENSE

UT

Utah Division of Real Estate, Heber Wells Building, 2nd Floor East, 160 East 300 South, Salt Lake City, Utah 84111

 

STATE OF UTAH DEPT. OF FINANCIAL INSTITUTIONS P.O. BOX 89,
324 SOUTH STATE,
SUITE 201
SALT LAKE CITY, UT 84110-0089
(801)538-8830

CONSUMER CREDIT NOTIFICATION

UTAH: Administered by the Dept. of Real Estate, a New UT License Registration starts 7-1-2000 which includes finger prints cards (FBI and UT BCI), surety bond of $25,000, no criminal convictions in last 5 years; New UT Residential Mortgage Practices Act (Text of Act- Enrolled and Introduced) adopted 3-17-2000 effective 7-1-2000; Only Affects First Lien Mortgages; filers of Notification prior to 7-1-2000 grandfathered until 7-1-2001

 

 

CONSUMER CREDIT NOTIFICATION
CONSUMER CREDIT NOTIFICATION
     

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VA
Nicholas C. Kyrus, Deputy Commissioner
804-371-9690, Wayne Giles, Joyce Tinsley, Karen Sullivan, Randy Street
Applications/Licensing
STATE OF VIRGINIA
BUREAU OF FINANCIAL INSTITUTIONS

Tyler Bldg, 8th Floor
1300 E. Main Street
Richmond, VA 23219
PO BOX 640
RICHMOND, VA 23218-0640
804/371-9657 fax 804-371-9704

NONREGULATED

MORTGAGE LENDERS LICENSE
The Virginia Mortgage Lender and Broker Act of VA Code §6.1 409 et seq.,
SMALL LOAN LICENSE
Small Loan Act
www.state.va.us/scc/division/banking/index.htm

VT

 

Department of Banking, Insurance,
Securities & Health Care Administration
89 Main Street Drawer 20
Montpelier, Vermont 05620-3101
802-828-3301

SALES FINANCE COMPANY LICENSE VERMONT MORTGAGE LENDER LICENSING REQUIREMENTS
EXEMPTIONS Federal or state agencies or instrumentalities. Banks. Savings and loan associations. Credit unions. Pawnbrokers. Certain utilities making energy conservation or safety loans. Insurance companies. Sellers of the goods or services that finance the sale of such. Persons making loans in an aggregate of less than $50,000 per year, with interest rate of 12 percent or less. Lenders making only commercial loans of $1,000,000 or more. Non-profit organizations exempt under Section 501(C) of IRC using revolving loan funds when registered under Title 10, Section 690a.(8 V.S.A. §2200, 8 V.S.A. §2201) INITIAL APPLICATION Application for license must be in writing, under oath in the form prescribed by the Commissioner. -If the applicant is also to engage in mortgage brokerage, this must be included in the loan application. Lender must have and maintain $25,000 of liquid assets. (8 V.S.A. §2201, 8 V.S.A. §2202, 8 V.S.A. §2203, 8 V.S.A. §2208) The Commissioner must approve or deny an application within 60 days from the filing of the application with the fees and approved bond. (8 V.S.A. §2204) STATE FEES AND CHARGES $1,000 investigation fee. $1,000 initial license fee. $100 additional fee if lender also intends to engage in mortgage brokering. The actual costs of the Commissioner's examination of the licensee.(8 V.S.A. §2202, 8 V.S.A. §2222) $100 fee to change address of business.(8 V.S.A. §2208) Renewal fee of $1,200, except for a person with ten or more licensed locations, the renewal fee shall not exceed $12,000.(8 V.S.A. §2209) BOND An applicant must file a bond with the Commissioner in the amount that the Commissioner requires, but not less than $25,000.(8 V.S.A. §2203) The Commissioner may require the licensee to furnish one or more additional bonds if it finds that a licensees' fund is insecure, exhausted, insufficient, or otherwise doubtful.(8 V.S.A. §2207)
MISCELLANEOUS The license must include: -The address at which the business is to be conducted.-The name of the licensee.-If the licensee is a partnership or association, the names of its members.-If the licensee is a corporation, the date and place of its incorporation. The license must be kept conspicuously posted in the place of business. A license is not transferable or assignable.(8 V.S.A. §2206) The licensee must have a separate license for each business location. The licensee must notify the Commissioner 30 days in advance in writing of a change in business address.(8 V.S.A. §2208) A licensee may not conduct any other business in the office where loans are made unless approved by the Commissioner.(8 V.S.A. §2227) A licensee may not transact business or make any loan under any other name or at any other place of business than that named in the license.(8 V.S.A. §2228)
 Licensed Lender License

WA

Dept of Financial Institutions
Division of Consumer Services and Administration
210 11th Street SW Room 300
Olympia, WA 98504
360-902-8703 fax 306-664-2258
206/753-4401

NONREGULATED

Mortgage Banker License

No lender shall make secured or unsecured loans at interest rates authorized under the Consumer Loan Act without being licensed under the Act. (RCW §31.04.35) the Director of Financial Institutions; maintain a surety bond of $100,000

CONSUMER LOAN
COMPANY LICENSE

www.wa.gov/

www.leg.wa.gov/

WI

Kay Westbrock
Dept. of Financial Institutions, 345 W. Washington Avenue, 4th Floor, P.O. Box 7876, Madison, WI 53707-7876, Tele: 608-261-7578

NOTIFICATION

MORTGAGE BANKER LICENSE Initial registration fee of $1000 Persons who originate, sell or service loans secured by a mortgage or equivalent security interest on Wisconsin real property must register with the Wisconsin Division of Banking of the Department of Financial Institutions as a mortgage banker to the Division. An applicant for registration as a mortgage banker who does not maintain a bona fide office shall do all of the following: -File a commercial surety bond of $300,000, net worth of $250,000. a balance sheet by an independent certified public accountant attesting that the balance sheet is in accordance with generally accepted accounting principles.
 Consumer Loan License

WV
TRACY HUDSON/MARLA GARDNER
DIVISION OF BANKING1900 Kanawha Boulevard, East
Building #3, Room 311
Charleston, WV 25305-0240 Phone: (304) 558-2294
Fax: (304) 558-0442

NONREGULATED
(advisable to file for Business Registration Certificate from the Dept of Tax and Revenue) W.VA Code §31A-1-1 et seq.,

MORTGAGE LICENSING AND REGULATION

Effective immediately, WV will no longer accept applications to conduct second mortgage activity in West Virginia. On July 1, 2000, all companies engaged in mortgage activity, regardless of lien position, in the State of West Virginia and not subject to a specific exemption under statute or not properly registered to conduct business in West Virginia by July 1, 2000 should apply for a license from the West Virginia Division of Banking (WVDOB). Companies properly registered to conduct business in West Virginia by the West Virginia Secretary of State and/or the West Virginia Department of Tax and Revenue by July 1, 2000 have until August 1, 2000 to submit a properly completed application to the WVDOB. Companies not in compliance with business registration requirements and who have not submitted a complete application should cease mortgage activity until the proper license has been obtained from the WVDOB.

Regulated Consumer Lender License

WY
JOE MULBERRY
STATE OF WYOMING
DEPT OF AUDIT
DIVISION OF BANKING-UCCC
HERSCHLER BUILDING-3RD FLOOR
122 WEST 25TH STREET
CHEYENNE, WY 82002
(307)777-7797
(307)777-6605

SALES FINANCE COMPANY LICENSE

The Wyoming Consumer Credit Code ("Acts") (W.S. 40-14-101 et seq.) regulates the extension of consumer credit and prescribes maximum charges for consumer loans and also consumer related loans, and is administered by the Banking Commissioner of the state of Wyoming (the "Administrator").EXEMPTION With respect to loans primarily secured by on interest in land, unless the loan is made subject to this Act by agreement (and except as provided by W.S. 40-14-320 with respect to disclosures and by W.S. 40-14-520 with respect to debtors' remedies), "consumer loan" does not include a "loan primarily secured by an interest in land" if:-At the time the loan is made the value of this collateral is substantial in relation to the amount of the loan.-The loan finance charge does not exceed 18 percent per year calculated according to the actuarial method on the unpaid balances of the principal on the assumption that the debt will be paid according to the agreed terms and will not be paid before the end of the agreed term.-For the above purposes, "loan primarily secured by an interest in land" is limited to a first mortgage loan which is not precomputed.(W.S. 40-14-305) In the event a lender, which is not a supervised financial organization, makes first mortgage loans which do not fall within the above exceptions of a consumer loan, then the lender must be licensed to make supervised loans, or to take assignments of and undertake direct collection of payments or enforce rights arising from such supervised loans. (W.S. 40-14-342)

 

Consumer Loan License

         
         
         

E-MAIL US

YOUR NAME, YOUR COMPANY, YOUR TELEPHONE NUMBER,

THE STATE, THE LICENSE THAT YOU ARE INTERESTED IN

AND WE WILL CALL YOU IMMEDIATELY

THOMAS LAW FIRM, P.C.

ATTN: HERBERT H. THOMAS

8080 NORTH CENTRAL EXPRESSWAY
SUITE 890
DALLAS, TEXAS 75206
214.692.7611 (VOICE) OR 692-7613 (FAX)


Not Certified by the Texas Board of Legal Specialization

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