License Minnesota

Residential Mortgage Loan Originator License

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)
Robin Brown
Contact Info: Robin Brown


Minnesota Department of Commerce


Banking & Finance

License Lookup Directory

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. 58A


Online Residential Mortgage Originator Application (Form MU4) 

Electronic application available at NMLS.


An applicant for a residential mortgage loan originator license must meet the following requirements in order to obtain a license: 

· Completion of 20 hours of NMLS (Nationwide Mortgage Licensing System) -approved prelicensure education courses

· Passing score on both the National and Minnesota SAFE Test

·   Fingerprints for an FBI criminal history background check

·   Authorization for a credit report

·   Sponsorship by a licensed mortgage originator company

·   A valid unique identifier issued by the NMLS.

Commissioner's Criminal Conviction Consent Application if needed. See Minn.Stat. § 58.125 for an explanation.


The Nationwide Mortgage Licensing System & Registry has available:


Mortgage loan originator - $90 initial

Renewal - $50

Licensing surcharge to be assessed

The Minnesota Legislature passed legislation requiring a 10% surcharge of no less than $5 and no more than $150 on each business, commercial, professional or occupational license. The funding from this surcharge will go to MN.IT Services (formerly Office of Enterprise Technology (OET)), which is establishing an electronic licensing system for the state. The surcharge will be in place through June 30, 2015. See Minn. Stat. § 16E.22.

Period of Issuance:

January 1 to December 31. 

Length of Determination Process:

10-30 days.