Indiana Mortgage Broker Requirements

The Indiana Secretary of State, through his Securities Division, enforces the Indiana Loan Broker Act. This state law regulates loan brokers that do business in Indiana.

Mortgage brokers (loan brokers) attempting to obtain an Indiana mortgage license are not required to maintain a physical location in Indiana. Mortgage brokers are required to maintain a surety bond in the amount of $50,000. Indiana mortgage brokers must take 24 hours of academic instruction, acceptable to the commissioner, related to the loan broker business, completed in the previous 24 months.

Indiana Mortgage Licensing Fees

All mortgage broker applicants must submit a $200 filing fee.

For complete assistance on your Indiana Mortgage License, call American Mortgage Licensing to start your project today, 866.588.6600.