Minnesota Mortgage Licensing | Minnesota Department of Commerce
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Mortgage Banker or Broker | Residential Mortgage Originator License
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee: $225 – Foreign Entity App $125 – Registered Agent Fee $1,200 - Company License Fee $1,000 – MN $100k Surety Bond |
Mortgage Servicer | Residential Mortgage Servicer License
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$225 – Foreign Entity App
$125 – Registered Agent Fee
$650 - Company License Fee
$1,000 – MN $100k Surety Bond
- Physical In-State Office Required: No
- Qualifying Individual: No
- Minimum Net Worth: $0
- Surety Bond: $100,000
- Branch Licensing: Yes (Branches within state of MN Only)
- Loan Originator Licensing: N/A
- Education/Experience: None
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$225 – Foreign Entity App
$125 – Registered Agent Fee
$650 - Company License Fee
$1,000 – MN $100k Surety Bond
Regulated by:
Minnesota Department of Commerce
85 7th Place East, Suite 500
St. Paul, MN 55101
Phone: 651-296-2135
Robin Brown - (651) 282-9855
http://mn.gov/commerce/
Minnesota Department of Commerce
85 7th Place East, Suite 500
St. Paul, MN 55101
Phone: 651-296-2135
Robin Brown - (651) 282-9855
http://mn.gov/commerce/
