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A-D.....F-I.....K-L.....M.....N.....O-R.....S-U.....V-W
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CONTRACTS (HOME IMPROVEMENT LOANS) |
LOANS |
LOANS |
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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 | |
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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 | |
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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 | |
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ARIZONA
STATE BANKING DEPT. Electronic mail |
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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/ |
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DEPT. OF CORPORATIONS 320 West 4th Street, Suite 750 LOS ANGELES, CA 90013-1105 (213) 576-7500 |
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www.leginfo.ca.gov/ |
CONSUMER FINANCE LENDERS LICENSE Ca Financial Code, Division 9, Section 22000; Regs Ca Code of Reg., Title 10, Chap. 3, Subchapter 6, Section 1404 |
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DEPT OF LAW COLORADO UCC CODE 1525 SHERMAN ST., 5TH FLOOR DENVER, CO 80203 303/866-4494 |
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 |
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 |
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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 |
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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/ |
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Office of
Banking & Financial Institutions717 14th Street, Suite
1100, Washington, D.C. 20005 Phone (202) 727-1563 E-mail obfi@dcgov.org |
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CAROL KIRBY, QUINN MILLER, SHEILA WILLIAMS,
FRED LOWDEN Fax: (302) 739-3609 |
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LICENSED LENDERS LICENSE |
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CONTRACTS |
LOANS |
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(850) 410-9895 Fax No. (850) 410-9914 |
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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.) |
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 |
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NAME E-MAIL ADDRESS PHONE# |
Georgia Residential Mtg Act §7-1-1002 |
Georgia Residential Mtg Act/article 13 of chapter 1 of title 7 of the o.c.g.a. |
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| 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 |
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.
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Nondepository Financial Services Loan Company | |
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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 |
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Loan Company License |
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Anthony Paladori, Supervisor of Examinations K.C. Shaler Fax: [208] 332-8097 |
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The following provides basic licensing information as detailed in the Act: Licensees are not required to maintain
a physical location in Idaho. |
SUPERVISED LENDERS LICENSE www.state.id.us/ |
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Jean Mukwaya OFFICE
OF BANKS AND REAL ESTATE, Residential
Finance 312-793-1409 or 312-793-0291 (TDD). |
5202 and 5203 Sales Finance Agency Act |
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CONSUMER CREDIT LOAN LICENSE www.state.il.us/dfi/reg.htm |
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DEPT OF FINANCIAL INSTITUTIONS 1024 STATE OFFICE BUILDING INDIANAPOLIS, IN 46204 317/232-3955 |
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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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CONSUMER CREDIT COMMISSIONER JAYHAWK TOWER 700 SW JACKSON ST, STE 1001 TOPEKA, KS 66603-3758 785-296-3151 |
(16a-1-301[39] Kansas Consumer Credit Code). |
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SUPERVISED LOAN LICENSE www.state.ks.us/ |
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GARY THURMAN DEPT. OF FINANCIAL INSTITUTIONS 477 VERSAILLES ROAD FRANKFORT KY 40601 502/573-3390 |
KRS 294.030(1) KRS 294.020 KRS 294.010(n) |
MORTGAGE LOAN COMPANY LICENSE |
Consumer Loan Company |
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OFFICE OF FINANCIAL INSTITUTIONS PO BOX 94095 BATON ROUGE, LA 70804-9095 Tele: 225-925-4660; FAX 225-925-4548 |
Part XI of Louisiana Revised Statutes 9:3563 through 3565. |
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Consumer Lender License |
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MA Division
of Banks FAX: (617) 956-1599 |
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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 |
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Maryland
Division of Financial Regulation 500 North Calvert Street, Room 402 Baltimore, Maryland 21202-3651 |
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Maryland Mortgage Lender Law |
Consumer Credit License |
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RICHARD T. HOWARD DEPT OF PROFESSIONAL AND FINANCIAL REGULATION, OFFICE |
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 |
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Robin Brown DEPT. OF COMMERCE Division of Financial Examinations 85 Seventh Place East, Suite 500 St. Paul, MN 55101-2198 651-282-9855 |
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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 |
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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 |
Michigan Home Improvement Finance Act (HIFA) MCLA 445.1101 et seq., MSA 19.417(101) et seq. |
MORTGAGE LOAN ACT LICENSE Mtg Brokers, Lenders and Servicing Act/Secondary Mtg Act Licensing & Enforcement Division at 517-373-3470 |
Regulatory Loan License |
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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 |
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 |
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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 |
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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 |
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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 |
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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 Commissioner of Banks Mailing Address: 4309 Mail Service Center, Raleigh, NC 27699-4309 Tele: 919-733-3016 fax: 919-733-6918 |
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CONSUMER FINANCE LICENSE
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Dept of Banking, State Capitol, 600 E. Boulevard, Bismaarck, ND 58505-0080, 701-328-9933 |
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Money Broker License |
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Ray Pont, Karen Reynolds Nebraska Department of Banking & Finance Commerce Court 1230 'O' Street, Suite 400 Lincoln, NE 68508-1402 (402)471-2171 |
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Small Loan Company License |
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BANKING DEPARTMENT 64b Old Suncook Road Concord, New Hampshire 03301 Telephone 603/271-3561 Fax 603/271-1090 |
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SECONDARY MORTGAGE LICENSE |
Small Loan License |
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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 |
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LOAN LICENSE http://www.naic.org/nj/div_bank.htm |
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 |
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William Verant, DIRECTOR Phone: (505) 476-4885 Email: rldfid@state.nm.us |
Mortgage Loan Company and Loan Broker Act. |
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 |
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Las Vegas Office CARSON CITY OFFICE Carson City Office Mortgage
Lending Division |
neither mortgage lender under NRS Chapter 645B or an installment lender under NRS Chapter 675 |
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/ |
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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 |
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MORTGAGE BANKERS LICENSE |
NY LICENSED LENDER LICENSE/ laws and regs at www.banking.state.ny.us/ |
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RICH KECK, Bob Dillon Dept of Commerce DIVISION OF Financial Institutions 77 S HIGH STREET, 21st FLOOR COLUMBUS, OH 43266-0121 614/466-2221 |
Ohio Retail Installment Sales Act, Chapter 1317 of the Ohio Revised Code |
Mtg Broker ActChap 1322 http://www.com.state.oh.us/dfi/dfiabout.htm#do |
SMALL LOAN LICENSE OH Mortgage Loan Act License |
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Karen Banks DEPT. OF CONSUMER CREDIT |
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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 |
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Dept of Consumer and Business Services Consumer (DCBS) Lori Asa |
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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/ |
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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 |
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Secondary Mortgage Lender |
CONSUMER DISCOUNT COMPANY LICENSE Consumer Discount Act www.banking.pa.us/ |
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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 |
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Rhode Island Loan License | Loan Broker License |
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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 |
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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/ |
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DIVISION OF BANKING STATE CAPITOL, 500 EAST CAPITOL AVENUE, PIERRE, SD 57501-5070 (605)773-3421 |
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Money Lending License |
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Carl Scott STATE OF TENNESSEE DEPT. OF FINANCIAL INSTITUTIONS 502 JOHN SEVIER BUILDING 500 CHARLOTTE AVENUE NASHVILLE, TN 37219 615/741-2236 |
(BUSINESS & TAX PRIVILEGE LICENSE) |
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 |
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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 |
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REGULATED LENDERS LICENSE |
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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, |
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CONSUMER CREDIT NOTIFICATION |
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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 |
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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 |
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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 |
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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 |
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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/ |
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Kay Westbrock Dept. of Financial Institutions, 345 W. Washington Avenue, 4th Floor, P.O. Box 7876, Madison, WI 53707-7876, Tele: 608-261-7578 |
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Consumer Loan License |
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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 |
(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 |
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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 |
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Consumer Loan License |
