California mortgage licensing

Mortgage Broker and/or Lender Licensing

License:  California Finance Lender License

Physical Office Required:  No
Qualifying Individual Required: Yes, QI is just a designation. One individual must be licensed as a CA MLO.
Minimum Net Worth:  $50,000 (broker) $250,000 (lender)
Financial Statements:  Unaudited (not compiled)
Surety Bond Amount:  $25,000
Company License Fee:  $400


Mortgage Lender Licensing

License:  California Residential Mortgage Lender License

Physical Office Required:  No
Qualifying Individual Required:  No
Minimum Net Worth:  $250,000
Financial Statements:  Audited
Surety Bond Amount:  $50,000
Company License Fee:  $1,000


Regulated by:

California Department of Business Oversight, Division of Corporations
320 West 4th Street, Suite 750
Los Angeles, California 90013-2344

NMLS_Inquiries@corp.ca.gov
Phone: 213-576-7565
Fax: 213-576-7181

www.dbo.ca.gov

 

Click on a state below for specific licensing information

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