Louisiana Mortgage Broker Requirements

Mortgage Brokers in Louisiana are licensed and regulated by the Office of Financial Institutions through the Louisiana Residential Mortgage Act.

Mortgage brokers attempting to obtain a Louisiana mortgage license are not required to maintain a physical location in the state of Louisiana. License applicants must provide either audited financials showing a minimum net worth of $50,000 or a surety bond in the amount of $50,000. Mortgage brokers are required to maintain records in a non-residential location.

Louisiana Mortgage Licensing Fees

All mortgage broker applicants must submit a non-refundable $400 application fee. A minimum $400 examination fee applies to each office.

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