New York Federal Reserve Map of Mortgage Statistics

Alabama

AL State Banking Dept.
Center for Commerce Suite 680
401 Adams Avenue
Montgomery, Alabama 36130-1201
Telephone: (334) 242-3452
Fax: (334) 242-3500
Bureau of Loans Fax: (334) 353-5961

No LO license required/Principals need 12 hrs annually - HUD/FNMA/FHLMC exempt

Alaska

Department of Commerce, Community, and Economic Development

Division of Banking and Securities

550 West 7th Avenue, Suite 1940

Anchorage, AK 99501

Phone: (907) 269-8140

Fax: (907) 269-8146

Effective 7/1/2008 Originators, Lenders and Brokers must be licensed and bonded. (Existing -grandfathered to 3/1/09) LO requires registration $250 application/$500 license, test $150 ea, 24 hours education each 2 years plus $500 renewal.  $25,000 bond.  Department of Banking and Securities

Arkansas

Arkansas Securities Department
Heritage West Bldg
Suite 300
201 F. Markham
Little Rock, AR 72201 (501) 324-9260

Loan officers must register. 8 hrs CE. No exam required. Registration fee $50.00.

Arkansas Securities Department

Arizona

Arizona State Banking Department
2910 N. 44th Street, Suite 310
Phoenix, AZ 85082
Ph:(602) 255-4421
fax: (602) 381-1225
General Information: mailbox@azbanking.com
Consumer Affairs: : consumeraffairs@azbanking.com

No Originator license required.  Principals of brokers must have 40 hours/3 Years experience, test.  Physical office required

California

Department of Corporations
320 West 4th Street, Suite 750
Los Angeles, CA 90013-2344
Ph: (213)576-7500

http://www.corp.ca.gov

Loan officer license requirements: If the lender, broker, banker is licensed through the Department of Corporations no license is necessary. If the lender, broker, banker is licensed through the California Department of Real Estate state approved real estate course and exam must be completed.

DRE Phone: 916-227-0931

Colorado

Mortgage Brokers

Real Estate Division - Department of Regulatory Agencies

1560 Broadway Ste 925,

Denver CO 80202

Ph: (303) 894-5953

Fax: (303) 866-5691
E-Mail: uccc@state.co.us

Effective 1/1/08 Mortgage Loan officer License Required. Supervised Lenders and table-funding brokers must be licensed. Fees increased by $50 for lenders and $150 for branches effective 12/22/07. 12/17/2007 - An unlicensed individual may receive a temporary mortgage broker license under the Mortgage Broker Licensing Act upon proper submission of an application for a broker license. Temporary licenses will remain in effect for up to 120 days after completion of the mortgage broker license application. Only licensed mortgage brokers may hire mortgage brokers who hold temporary licenses.

Connecticut (NMLS State - Effective 7/1/08)

Department of Banking
Consumer Credit division
260 Constitution Plaza
Hartford, CT 06103-1800

http://www.ct.gov/dob
Ph: (860) 240-8200
Fax: (860) 240-8178
E-mail: justyna.kordowska@ct.gov.  Loan officers must register. No exam required.  Loan officer application

fee $100.00.  Secondary lender license abolished 7/1/08. Lenders/brokers must post $80,000 bond

Delaware

Office of the State Bank Commissioner
555 E. Lockerman Street
Suite 210
Dover, DE 19901
Ph: (302) 739-4235 Fax: (302) 739-3609
Licensing/consumer complaints
fax: (302) 739-2356

No loan officer license required.

Florida

Department of Financial Services
Office of Financial Regulations
200 East Gaines Street
Tallahassee, Florida 32399
Ph: (850) 410-9805
Fax: (850) 410-9748
Website: www.dbf.state.fl.us/licensing/Mblist.html

24 Hour Broker pre-licensing required. Loan officers for licensed lenders must complete a standard continuing education of 14 hours within the first 2 years of employment.

Georgia - (Adopted NMLS - 7/1/08 - Effective Date TBD)

Department of Banking and Finance
2990 Brandywine Road
Suite 200
Atlanta, Georgia 30341-5565
Ph: (770) 986-1633
Fax: (770) 986-1654

No loan originator license required for W-2 employees of licensed brokers.  Mortgage Broker/Lender Licenses Required. 40 hours of initial education, plus 12 hours of CE by 4/1 annually. 

Hawaii

Professional and Vocational Licensing
Division of Department of Commerce and Consumer Affairs
P.O. Box 3469
Honolulu, HI 96801
1010 Richards Street
Room 602-A
Honolulu, HI 96813
Ph: (808) 586-3000

Loan officer is licensed as a mortgage solicitor. A standard registration is required, the application will be provided by the mortgage broker or lender. The fees vary from $85 for and even number year to $145 for an odd number year.

Idaho - NMLS State

Department of Finance
700 W. State Street, 2nd Floor
P.O. Box 83720
Boise, ID 83720
Ph: (208) 332-8002
Fax: (208) 332-8097

Effective 1/1/08 - Originator Licensing Required 8 hours annual CE every 2 years (16 hrs total). Bond Requirement revoked effective 7/1/2008.

Illinois

Division of Banks and Real Estate
Residential Finance
310 South Michigan Avenue
Suite 2130
Chicago, IL 60604-4278
Ph: (312) 793-3000
Fax: (312) 793-8720

A loan officer is required to be licensed. Licensing includes 6 hrs Education, exam, background check, license fees and finger printing. The total fees are approx. $400+.

Indiana

Department of Financial Institutions
30 South Meridian Street, Suite 300
Indianapolis, Indiana 46204
Ph: (317) 232-3955
Secretary of State, Securities Division
302 Washington Street, Room E-111
Indianapolis, Indiana 46204
Telephone: (800) 223-8791

A loan officer is required to be licensed. The state requires 24 hours of state approved education. State requires 12 credit hours of continuing education every 2 years thereafter.  NOTE - lender exemptions removed effective 1/1/2009

Iowa - NMLS State

Iowa Division of Banking
200 East Grand Ave
Suite 300
Des Moines, IA 50309
Ph: (515) 281-4014
Fax: (515) 281-4862
Fax: (515) 281-7688

Effective July 1, 2008, individual loan originators required to register annually.  LO needs 16 hours CE in previous 3 years (Brokers 20 hrs)  Effective 1/1/09 test required at first registration.

Kansas

Office of the State Bank Commissioner
700 Jackson Street
Suite 300
Topeka, Kansas 66603
Ph: (785) 296-2266
Fax: (785) 296-0168

There are no pre-licensing requirements but loan officers must complete 8 hours of state approved continuing education each year.

Kentucky - NMLS State

Department of Financial Institutions
1025 Capital Center, Suite 200
Frankfort, Kentucky 40601
Ph: (502) 573-3390
Toll-Free: 1-800-223-2579
Fax: (502) 573-8787

Loan officer license is required. 12 annual CE hours are required for pre-licensure (6 live for pre-licensure) and renewal.  Effective 4/24/08 processors must register.  HUD lenders must apply for exemption.

Louisiana

Office of Financial Institutions
8660 United Plaza Blvd., Second Floor
Baton Rouge, LA 70809-7024
Post Office Box 94095
Baton Rouge, LA 70804-9095
Ph: (225) 925-4660
Fax: (225) 925-4548

Loan officer license required. 10 CE hours for pre-licensing and renewal.

Maine

Department of Professional and Financial Regulation
Office of Consumer Credit Regulation
# 35 State House Station
Augusta, Maine 04333-0035
Ph: (207) 624-8527
Fax: (207) 582-5415

As of January 2006, Registration Required.  Click here to register.  16 hours of initial training and 12 hours of continuing education annually.

Maryland - (NMLS Pending 1/1/2009)

Division of Financial Regulation
Consumer Credit Division
500 North Calvert Street, Suite 402
Baltimore, MD 21202
Ph: (410) 230-6100

No loan officer license required for lenders/bankers.  10 year veterans need 6 CE hours bi-annually. All others need 20 CE hours every 2 years.  Net Branch and Broker LO's must be licensed.  Those not in business as of 1/1/04 need 40 Pre-licensing LIVE CE hours, background check.

Massachusetts - NMLS State

Massachusetts Division of Banks
One South Station
Boston, MA 02110
Ph: (617) 956-1500
Fax: (617) 956-1599

Registration Required Effective 12/28/07

License Application Submitted by 5/28/08 to be exempt from 24 hour initial education requirement.  All originators must complete a 24 hour requirement. 8 hours annually thereafter. Must meet credit guidelines < 3x30, 2x60, 1x90 (A-..?)

Michigan NMLS Pending (1/1/2009)

Office of Financial and Insurance Services

611 West Ottawa Street

P.O. Box 30220

Lansing, Michigan 48909-7720

Ph: (517) 373-3460
Fax: (517) 335-0908

Lender/Brokers must be licensed, Effective 1/1/2009 originator must register. Must have 24 hr pre-licensure education (unless 4.5 years experience), plus 6 hrs annually.

Minnesota

Department of Commerce
Division of Financial Examinations
85 East 7th Place
Suite 500
ST.Paul, MN 55101-2198
Ph: (651) 296-2135
Fax: (651) 296-8591
E-mail: financial.commerce@state.mn.us

Companies must be licensed - must perform background check on employees, maintain permanent roster of originators.  No LO license required.  NOTE: Minnesota refers to mortgage companies as Mortgage Originators.  Loan officers only need a license IF they work for more than one company. 

Mississippi - NMLS State

Department of Banking and Consumer Finance
501 North West Street
901 Woolfolk Building, Suite A
Post Office Box 23729
Jackson, Mississippi 39201
Ph: (601) 359-1031 or
Toll-Free: (800) 844-2499

Loan officer license required. No pre-licensing education required. (12 hours of continuing education will be required annually by state approved provider).

Missouri

Mortgage Broker Section
Division of Finance
301 West High Street, Room 630
P.O. Box 716
Jefferson City, MO 65102-0716
Ph: (573) 751-3242
Section Ph: (573) 751-4243
Fax: (573) 751-9192

Broker license/physical office required. No loan officer license required.

Montana

Department of Commerce
Financial Division
1424 9th Ave.
Helena, MT 59601
Ph: (406) 444-3797
Fax: (406) 444-2903

Loan officer license required. You must pass a state approved exam before a license will be issued. - Renewals due 5/31/08.

Nebraska - NMLS State

Nebraska Department of Banking and Finance
Commerce Court
1230 "O" Street, Suite 400
PO Box 95006
Lincoln, NE 68509-5006
Ph: (402) 471-2171

Bankers/Brokers license required. No loan originators license required.

Nevada

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

Loan officer license required. No initial educational requirements, loan officers must complete 10 CE hours during the 12 months immediately preceding the date on which the license expires.

New Hampshire

Banking Department
64b Old Suncook Road
Concord, New Hampshire 03301
Ph: (603) 271-3561
Fax: (603) 271-1090

No license required.

New Jersey

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

Loan officer license required. No educational requirements. Registration $100.00.

New Mexico

Regulation and Licensing Department
Financial Institutions Division
2550 Cerrillos Road
3rd Floor, 
Santa Fe, NM  87505
Ph: (505) 476-4885
Fax: (505) 476-4670
rldfid@state.nm.us

No loan officer license required.

New York - NMLS State

State of New York Banking Department
Legal Financial Services Division
2 Rector Street-21st Floor
New York, NY 10006
Attn: Deputy Super. Peter Philbin
Ph: 212/618-6642
Fax: 212-618-6426

Loan Officer Registration Application required for Loan Originators by 4/15/08. Grandfathered to 1/1/2010 if employed as of 1/1/08.  18 hours of initial CE, 18 hours every 2 years.  If more than 10 years experience 8 CE hours every 4 years. 

North Carolina - NMLS State

NC Commissioner of Banks
4309 Mail Service Center
Raleigh, NC 27699-4309
Ph: (919) 733-3016
Fax: (919) 733-6918

New Expiration Dates 12/31/08

Loan officer license required. Before applying for a license, individual must take a state approved mortgage fundamentals course and pass the North Carolina loan officer test. 8 CE hours required for annual renewal. Effective 5/14/08 Minimum Credit score of 600.

North Dakota

Department of Financial Institutions
2000 Schafer Street
Suite G
Bismarck, ND 58501-1204
Ph: (701) 328-9933
Fax: (701) 328-9955 E-mail: dfi@state.nd.us

No loan officer license required.

Ohio

Department of Commerce
Financial Institutions Division
77 S High Street, 21st Floor
Columbus, OH 43266-0121
Ph: (614) 728-8400 E-mail: webdfi@dfi.com.state.oh.us

Loan officer license required. 24 hours initial educational required if licensed after 1/1/2007 or company not licensed before 1/1/2007. 6 hours CE for renewal annual.

Oklahoma

Department of Consumer Credit
4545 North Lincoln Boulevard
Suite 104
Oklahoma City, OK 73105-3408
Ph: (405) 521-3653
Fax: (405) 521-6740

Annual originator license required. Loan originators who work for mortgage lenders are not required to be licensed.  LO must register, have 18 months experience or pass pre-licensing exam. Originators need 16 hours of education Brokers must have 16 hours per renewal.

Oregon

Dept of Consumer and Business Services
Division of Finance and Corporate Securities
350 Winter St. NE
Room 410
Salem, OR 97301-3881
Ph: (503) 378-4140
Fax: (503) 947-7862

Loan officers register through employer but no license required. Loan Officers must have 3 years experience or must complete initial 20 hour education and test.  20 CE hours required every 2 years.  

Pennsylvania (NMLS State Effective 11/5/08)

Licensing Division
Bureau of Licensing and Consumer Compliance
Department of Banking
Market Square Plaza

17 N Second Street, Suite 1300
Harrisburg, PA 17101-2290
Ph: (717) 787-3717
Fax: (717) 787-8773

Loan Officer License Required Background/Credit check, 12 Hours Pre-Licensing education (Due at renewal 12/31/09), $200 Fee - All Loan Originators and 1 Mortgage Professional from each licensed office must complete 6 CE hours per broker/lender renewal.

Rhode Island (NMLS State 1/1/08)

Department of Business Regulation

BankInquiry@dbr.state.ri.us

Mortgage Originator Registration Required as of 3/1/08

South Dakota (NMLS State - 2009)

Division of Banking
Address: 217 1/2 West Missouri
Pierre, SD 57501-4590
Ph: (605) 773-3421
Fax: (605) 773-5367
E-mail: drr.banking.info@state.sd.us

Loan Originator License Required as of 1/1/08 - 2 Years' Experience,$150 initial fee, $75 renewal (20% Late fee), background/credit check - 9 hours of CE annually. Effective 3/18/09 no more paper applications.

South Carolina

Department of Consumer Affairs
P.O Box 5757
3600 Forest Drive
Columbia, South Carolina 29250
Ph: (803) 734-4200
Fax: (803) 734-4286

Loan officer license required. No initial education required, 8 CE hours per year.

Tennessee

Department of Financial Institutions
Suite 400
Nashville City Center
511 Union Street
Nashville, TN 37219
Ph: (615) 741-2236
Fax: (615) 741-2883

Texas

Savings and Loan Department
2601 North Lamar Boulevard
Suite 201
Austin, Texas 78705
Ph: (512) 475-1350
Fax: (512) 475-1360

Loan officer license required for broker loan officers, not lenders. New broker loan officers need 30 pre licensing CE hours and test. 15 CE hours annually for renewal.

Utah

Utah Division of Real Estate
Heber M. Wells Building
160 East 300 South
2nd Floor
Salt Lake City, UT  84111
P.O. Box 146711
Salt Lake City, UT 84114-6711
Ph: (801) 530-6747
Fax: (801) 530-6749

20 Hour Pre licensing class and examination required.  14 CE Hours for annual renewal.  

Vermont (NMLS State - 1/1/09)

Department of Banking, Insurance
Securities & Health Care Administration
89 Main Street Drawer 20
Montpelier, Vermont 05620-3101
Ph: (802) 828-3307

No loan officer license required.

Virginia

Bureau of Financial Institutions
1300 E. Main Street, Suite 800
P.O. Box 640
Richmond, Virginia 23218-0640
Ph: (804) 371-9657
Fax: (804) 371-9704

No loan officer license required.   Effective 2008, covered employees (originators/customer facing personnel) must have 19 initial education hours and 8 annual hours. Background check required for originators and principals.

Washington (NMLS State)

Department of Financial Institutions
Division of Consumer Services
Post Office Box 41200
210 11th Street SW
Room 300
Olympia, Washington 98504
Ph: (360) 902-8703
Fax: (360) 664-2258

Mortgage Broker Loan Officer license required.  2 Years Experience or test.  Annual CE required - Course must be approved - no set hours.  

West Virginia

Division of Banking
1900 Kanawha Boulevard East
Building #3, Room 311
Charleston, WV 25305-0240
Ph: (304) 558-2294
Fax: (304) 558-0442

License required. No pre licensing education required. 7 CE hours annually for renewal.  

Wisconsin

Division of Banking
Department of Financial Institutions
345 W. Washington Avenue
4th Floor, P.O. Box 7876
Madison, WI 53707-7876
Ph: (608) 261-7578

Loan Officer/Loan Solicitor Licenses, 16/12 pre-licensing CE Hours or Test.

Wyoming

Division of Banking
Herschler Building, 3rd Floor East Wing
122 West 25th Street
Cheyenne, WY 82002
Ph: (307) 777-7797
Fax: (307) 777-3555

rschutte@wyaudit.state.wy.us

Mortgage Lenders and Brokers license Required - 07/05 Loan officer license not required.