Title: Mortgage Loan Originator License
Alternate Title:
Description:
Minnesota Department of Commerce
Subject: Loans and Lenders
Mortgage
Mortgage Brokers/Lenders
Mortgage Professionals
Creation Date: 9/11/2008 2:16:56 PM
Modification Date: 6/4/2025 4:04:06 PM
Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description:
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.
Agency Phone: 651-539-1500
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500
St. Paul
MN
55101
Unit Name:
Unit URL:
Unit Description:
Unit Phone: Unit Fax: Contact person(s): mortgage.commerce@state.mn.us
Unit URL:
Audience: Hold
Application URL:
Renewal URL:
Versa URL:
Requirements:
Review:
Mortgage
Mortgage Originator
Apply
Renewal
Mortgage loan originator licenses licenses expire on December 31 of each year and are renewable on January 1 of each year after that date. The renewal fee is $500.
Renewal is done through NMLS
Reapply
If a license was not renewed, has lapsed, or was surrendered and you would like the license activated, follow the instructions at NMLS and reapply for the license.
Out-of-state
An out-of-state mortgage company does not need to physical presence in Minnesota; however, registration as a foreign corporation with the Office of the Minnesota Secretary of State may be required.
Individual Mortgage Loan Originator
Apply
- Minnesota uses the Nationwide Mulistate Licensing System (NMLS). Company/business entities applying for the Mortgage Loan Originator (MLO) License are required to use NMLS
- Read Minn. Stat. Chapter 58 before applying for a mortgage loan originator (MLO) license. Unlicensed activity may result in administrative action.
Renewal
Mortgage loan originator licenses expire on December 31 of each year and are renewable on January 1 of each year after that date. The renewal fee is $50. Renewal is done through NMLS.
Reapply
If a license was not renewed, has lapsed, or was surrendered and you would like the license activated, follow the instructions at NMLS and reapply for the license.
Rules:
Statutes: 58
Forms:
Go to NMLS
Fees:
Residential Mortgage Originator - $1,000
Renewal - $500
Period of Issuance:
Mortgage loan originator licenses licenses expire on December 31 of each year and are renewable on January 1 of each year after that date.
Length of Determination: 10-30 days.
Other Info:
Activity: Mortgage Brokers and Lenders
Residential Mortgage Originator or Servicer
License Detail URL:
Mortgage Originator
Mortgage
Financial Institutions
License Lookup Directory
