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For assistance with mortgage licensing, contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
steven@imlicensing.com
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
South Dakota Mortgage Licensing
Mortgage Banker
Mortgage Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $25,000
State Initial Fee: $1,000
State Renewal Fee: N/A
Branch Licensing: Yes
Loan Originator Licensing: Yes
Experience/Education: N/A
Mortgage Broker
Mortgage Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $25,000
State Initial Fee: $500
State Renewal Fee: N/A
Branch Licensing: Yes
Loan Originator Licensing: Yes
Experience/Education: N/A
Regulated by:
Division of Banking
217 1/2 West Missouri
Pierre, SD 57501-4590
Telephone: (605) 773-3421
Fax: (605) 773-5367
http://www.state.sd.us/drr2/reg/bank/BANK-HOM.htm