South Dakota Mortgage Licensing | South Dakota Division of Banking

---

Mortgage Banker | Mortgage Lender License

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth:  $ None
  
• Surety Bond: $25,000
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$200 – Foreign Entity Fee
$125 – Registered Agent Fee
$250 – Surety Bond Fee
$850 – Company License Fee
Fingerprinting per Owner/Officer 

---

Mortgage Broker | Mortgage Broker License

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth: $ None
  
• Surety Bond: $25,000
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$200 – Foreign Entity Fee
$125 – Registered Agent Fee
$250 – Surety Bond Fee
$600 – Company License Fee
Fingerprinting per Owner/Officer 

---

Regulated by:
South Dakota Division of Banking
1601 N. Harrison Avenue, Suite 1
Pierre, SD 57501
Telephone: (605) 773-3421 
Fax: (605) 773-5367
http://www.state.sd.us/drr2/reg/bank/BANK-HOM.htm