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District of Columbia Mortgage Broker License


 

District of Columbia Mortgage Broker Requirements

Mortgage brokers in the District of Columbia are licensed and regulated by the Department of Insurance, Securities and Banking.

Applicants seeking a District of Columbia mortgage broker license are not required to maintain a physical office within the District of Columbia. Applicants must maintain a surety bond in an amount between $12,500 and $50,000, as determined by the commissioner. Applicants must be able to produce a net worth amount of at least $10,000.

District of Columbia Mortgage Licensing Fees

The District of Columbia charges a $100 investigation fee, a $500 application fee and a $500 licensing fee.

For complete assistance on your District of Columbia Mortgage License, call American Mortgage Licensing to start your project today, 469.688.8441.