South Dakota

South Dakota is one of two states that require state specific fingerprint cards but will only apply their state specific cards upon receipt of the application. South Dakota also will require audited financial statements dated within 90 days of the application. South Dakota is also one of the states that have adopted the Electronic Surety Bond system, so a paper surety bond is not required.

StateLicense NameState FeeBond Premium Est.
SoS FeeMLG ProcessingTotal
South DakotaMortgage Brokerage License$600.00$188.00$949.50Call for More Information$1737.50
South DakotaMortgage Lender License$850.00$188.00$949.50Call for More Information$1987.50
South DakotaNo License/No COA$0.00$0.00$0.00Call for More Information$0.00

License: Mortgage Lender License

  • Operating Status: Lender/Broker
  • Bond Amount: $25,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: Yes

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License: Mortgage Brokerage License

  • Operating Status: Broker
  • Bond Amount: $25,000
  • Net Worth: $0
  • Brick & Mortar: No
  • Audited Financials: Yes

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