District of Columbia Mortgage Licensing | D.C. Department of Insurance, Securities and Banking

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Mortgage Banker | Mortgage Lender License

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth: $200,000 (Lender only) and $225,000 (Lender and Broker) per licensed location.
  
• Surety Bond: $12,500 to $50,000 per licensed location
  
• Loan Originator Licensing:  Yes
  
• Branch Licensing: Yes
  
• Comment: Must obtain Dual Authority License to broker and lend.
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$200 – Foreign Entity Fee
$125 – Registered Agent Fee
$125 – Surety Bond Fee per licensed location (Depending on DC Volume)
$1,400– Company License Fee 

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Mortgage Broker | Mortgage Broker License

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth: $25,000 per licensed location
  
• Surety Bond: $12,500 to $50,000 per licensed location
  
• Loan Originator Licensing:  Yes
  
• Branch Licensing: Yes
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$200 – Foreign Entity Fee
$125 – Registered Agent Fee
$125 – Surety Bond Fee per licensed location (Depending on DC Volume)
$1,200– Company License Fee 

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Regulated by:
D.C. Department of Insurance, Securities and Banking
810 First St. NE, Suite 701
Washington DC 20002
Tracey Robinson - [email protected] 202.442.7805
Jacqueline Cole - [email protected] 202.442.7809
202-727-8000
http://disb.dc.gov/