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Regulated Loan Company

Regulated Loan Companies make consumer loans, up to $100,000, higher if capitalized, and are frequently referred to as finance companies.

Apply 

Minnesota uses the Nationwide Mortgage Licensing System (NMLS).  Company/Business entity applying for the regulated loan company license are required to use the NMLS

Please Read Minnesota Statute 56 before applying for a Regulated Lenders License.  Unlicensed activity may result in administrative action. 

  • $500 investigation fee, $250 license fee (total $750) 
  • Minimum $50,000 in liquid assets 

Renewal 

Licenses issued under Minnesota Statute Chapter 56 expire annually on December 31 and are renewable on January 1 of each year.  Renewal notices will be sent to licensees at the email address provided on the Company MU1 in November of each year.  The renewal fee is $250.  Renewal is done through NMLS.

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