Utah Mortgage Licensing | Utah Division of Real Estate

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Mortgage Banker or Broker | Mortgage Company License

• Physical In-State Office Required: No
  
• Qualifying Individual: Yes, 3 years mortgage experience, UT Principal Lending Manager (PLM) Test, UT NMLS Test, and 40 hours of education on top of the 20 hour NMLS Education Requirement
  
• Minimum Net Worth:  $ None
  
• Surety Bond: None
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  
• Comments: Wholesale Lenders are exempt from licensing 
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$325 – Company License Fee
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
$400 to $500 – PLM 40 hour Education Course
$66 – UT PLM Test
$69 – UT NMLS Test
$202 – UT PLM License Fee 

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Mortgage Servicer | Residential 1st Mortgage Notification 

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth:  $ None
  
• Surety Bond: None
  
• Branch Licensing: No
  
• Loan Originator Licensing: N/A
  
• Comments: This is not a license, just a notification. 

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$200 – Notification Fee 

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Regulated by:
Utah Division of Real Estate
160 E 300 S
Salt Lake City, Utah 84114

Po Box 146711
Salt Lake City, Utah 84111

801-530-6747
Fax 801-526-4387
http://realestate.utah.gov