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Title: Accelerated Mortgage Payment Provider
Alternate Title: Accelerated Mortgage Payment Provider
Description: "Accelerated mortgage payment providers" are persons who receives funds to make mortgage payments to a lender or lenders, on behalf of mortgagors, in order to exceed regularly scheduled minimum payment obligations under the terms of the indebtedness. The term does not include: (i) persons or entities as described in Minn. Stat. § 332A.02, subd. 8, clauses (1) to (8); (ii) mortgage lenders or servicers, industrial loan and thrift companies, or regulated lenders under Minn. Stat. Chapter 56; or (iii) persons authorized to make loans under Minn. Stat. § 47.20, subd. 1. See Minn. Stat. §§ 332.30-.303. Minnesota Department of Commerce
Subject: Loans and Lenders
Mortgage Brokers/Lenders
Mortgage Professionals
Creation Date: 9/11/2008 2:10:25 PM
Modification Date: 1/25/2024 9:52:33 AM
Agency Name: Commerce, Minnesota Department of
Agency URL:
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:
Agency Address:
85 7th Place East, Suite 500

St. Paul
Division Name: Financial Institutions Divisions
Division URL:
Division Description:
Division Phone: 651-539-1570
Division Fax: Division URL:
Audience: Application URL:
Renewal URL:
Versa URL:



Accelerated Mortgage

Individuals and business who intend to engage in accelerated mortgage payment provider activities register with NMLS


Accelerated mortgage payment provider (AMPP) license are required to use NMLS

Please read Minn. Stat. § 332.30-303


AMPP licensees are perpetual; however, licensees must renew through NMLS by December 31 of each year.

Transition Letter (.pdf), August 3, 2016

Statutes: 332.30

Forms: Go to NMLS


Period of Issuance:

Perpetual until surrendered or suspended.

Length of Determination: 50-60 days.
Other Info:
Activity: Loans (Non-Bank Lenders)
License Detail URL:

Accelerated Mortgage


Financial Institutions

License Lookup Directory

Minnesota Department of Commerce

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