Mortgage Licensing, LLC
Lisa K. MacDonald
147 Shore Road
Clinton, CT 06413
860-552-4054
mortgagelicensing@comcast.net

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Mortgage Lender First Mortgage Licensing Requirements

WARNING : CAUTION & DISCLAIMER

This page contains information for the mortgage lending industry. We discourage anyone from relying on the compiled list for lending licensing solutions because the list does not cover the entire lending industry or licensing laws.

Do not draw individualized licensing and compliance conclusions from this material. Failure to obtain the proper assistance from an experienced licensing and compliance specialist may result in individual and business fines and prison terms. Please email us if you find any errors on our pages and we will do the research and correct the errors. For more legal information please click on the “Legal” link.

Mortgage Lender Purchase Money Licensing Requirements
States Licensing In State Presence Net Worth
Alabama No No $25,000
Alaska N/A N/A N/A
Arizona Yes Yes Up to $250,000
Arkansas Yes No $25,000
California Yes No $250,000
Colorado N/A No  N/A
Connecticut Yes No $250,000
DC Yes No $200,000
Delaware Yes No N/A
Florida Yes No $250,000
Georgia Yes Depends $250,000
Hawaii Yes Yes N/A
Idaho Yes No N/A
Illinois Yes Depends $150,000
Indiana N/A N/A $100,000
Iowa Yes No N/A
Kansas Yes No* $50,000
Kentucky Yes No $500,000
Louisiana Yes Yes  $50,000
Maine Yes No $25,000
Maryland Yes No N/A
Massachusetts Yes No $100,000
Michigan Yes No $25,000
Minnesota Yes No N/A
Mississippi Yes Yes N/A
Missouri Yes Yes $25,000
Montana Yes No $25,000
Nebraska Yes No N/A
Nevada Yes Yes N/A
New Hampshire Yes No $100,000
New Jersey Yes Yes $250,000
New Mexico Yes Yes N/A
New York Yes No $250,000
North Carolina Yes No $250,000
North Dakota Yes No N/A
Ohio Yes No* $50,000
Oklahoma Yes No N/A
Oregon Yes No N/A
Pennsylvania Yes Yes $250,000
Rhode Island Yes No $100,000
South Carolina Yes Yes $25,000
South Dakota Yes No N/A
Tennessee Yes No $25,000
Texas Yes Yes N/A
Utah Yes No N/A
Vermont Yes No $25,000
Virginia Yes No $200,000
Washington Yes No N/A
West Virginia Yes No $250,000
Wisconsin Yes Yes* $250,000
Wyoming N/A N/A N/A




  © Lisa K. MacDonald. 2008