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South Dakota Mortgage Broker Requirements

Mortgage brokers in South Dakota are licensed and regulated by the South Dakota Department of Revenue and Regulation, Division of Banking.

Applicants seeking a South Dakota mortgage broker license are not required to maintain a physical office within the state of South Dakota. There are no surety bond requirements and no specific education or experience requirements.

South Dakota Mortgage Licensing Fees

The state of South Dakota charges an initial application fee in the amount of $365.

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

866.588.6600