Louisiana has one license which is their broker/lender/servicer license. There are different requirements if you’re going to be a broker, lender, or servicer. Brokers must complete a form that includes listing the cost of services, a place for the originator and borrower to sign and space for the borrower’s address. If you’re a wholesale lender and don’t engage in retail lending, you must submit a completed wholesale lender statement. You will also have to demonstrate financial responsibility by providing authorization to the NMLS and commissioner to obtain an independent credit report from a consumer reporting agency.
|State||License Name||State Fee||Bond Premium Est.||SoS Fee||MLG Processing||Total|
|Louisiana||Residential Mortgage Lending License||$600.00||$188.00||$300.50||Call for More Information||$1088.50|
|Louisiana||Registration||$0.00||$0.00||$392.00||Call for More Information||$392.00|
License: Residential Mortgage Lending License
- Operating Status: Broker/Lender
- Bond Amount: $25,000
- Net Worth: $0
- Brick & Mortar: No
- Audited Financials: No
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