Idaho Mortgage Licensing
Mortgage Banker or Broker
Mortgage Broker/Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: No (Eliminated in August 2009)
State Initial Fee: $700
Loan Originator Licensing: Yes
Branch Licensing: Yes
Experience/Education: One person with the company must have 3 years of mortgage experience. Experience may include, but is not limited to origination,
processing, quality control, compliance, secondary marketing, underwriting and wholesale lending.
The Qualified Person will be subject to eight (8) hours of NMLS approved continuing education each year.
Regulated by:Department of Finance
700 West State Street
Post Office Box 83720
Boise, Idaho 83720-0031
Telephone: (208) 332-8000 (option 2)
Fax: (208) 332-8098
http://finance.idaho.gov/