South Dakota mortgage licensing

Mortgage Broker Licensing

License:  South Dakota Mortgage Brokerage License

Physical Office Required:  No
Qualifying Individual Required: No
Minimum Net Worth:  None
Financial Statements:  Unaudited (certified by officer)
Surety Bond Amount:  $25,000
Company License Fee:  $600


Mortgage Lender Licensing

License:  South Dakota Mortgage Lender License

Physical Office Required:  No
Qualifying Individual Required:  No
Minimum Net Worth:  None
Financial Statements:  Unaudited (certified by officer, last 4 years and last 90 days)
Surety Bond Amount:  $25,000
Company License Fee:  $850


Regulated by:

Division of Banking
1601 N. Harrison Avenue, Suite 1
Pierre, SD 57501
Phone: 605-773-3421
Fax: 605-773-5367

 

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