License Minnesota

Accelerated Mortgage Payment Provider

Minnesota Department of Commerce

Agency contact information:

Commerce, Minnesota Department of
85 7th Place East, Suite 500
St. Paul, MN 55101
(651) 539-1500
(651) 539-1547(fax)
Division of Financial Institutions
(651) 539-1700
(651) 539-1548 (fax)
Contact Info: Darrell May


Minnesota Department of Commerce


Financial Institutions

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The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.


Minn. Stats. 332.30


Accelerated Mortgage Payment Provider



Provide an original $100,000 surety bond.

A biographical statement on each principal.

Provide evidence of current workers' compensation insurance.



Period of Issuance:

Perpetual until surrendered or suspended.

Length of Determination Process:

50-60 days.

Other Pertinent Information:

Third-party background check may be required annually at the expense of the applicant.

Minn. Stat. § 332.30.

Any material changes to the information that was submitted with the initial application must be made within ten (10) days of the change.