OH Ohio
OH Residential Mortgage Lending Act (RMLA) Certificate of Registration is a relatively inexpensive application. OH requires the Qualified Individual to be a licensed OH MLO with 3 of the last 5 years industry experience. Direct owners and executive officers will be required to complete a FBI criminal background check. Bond in the amount of $50K – $150K based on total loan volume nationwide in the previous calendar year. OH also requires an Anti-Money Laundering (AML) / Bank Secrecy Act (BSA) Policy and the most recent Independent Review.
| State | License Name | State Fee | Bond Prem. | RA Fee | SoS Fee | MLG Processing Fee | Total |
|---|---|---|---|---|---|---|---|
| Ohio | (RMLA) Certificate of Registration | $820 | $375 | — | $175 | Call for More Information | $1,370 |
License: (RMLA) Certificate of Registration
- Operating Status: Broker/Lender
- Bond Amount: $50,000
- Net Worth: Positive
- Brick & Mortar: No
- Financial Type: Unaudited