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Alabama Mortgage Licensing - Guide Mortgage Licensing

Alabama Mortgage Licensing

Mortgage Broker Licensing

License: Alabama Mortgage Broker License

Physical Office Required:  No
Qualifying Individual Required: No
Minimum Net Worth:  None
Financial Statements:  Unaudited (not compiled)
Surety Bond Amount:  $25,000
Company License Fee:  $700

Mortgage Lender Licensing

License: Alabama Consumer Credit License

Physical Office Required:  No
Qualifying Individual Required:  No
Minimum Net Worth:  None
Financial Statements:  Unaudited – Compiled
Surety Bond Amount:  $25,000
Company License Fee:  $700

Regulated by:

State Banking Department
P.O. Box 4600
Montgomery, Alabama 36103-4600
Phone: 334-242-3452
www.banking.alabama.gov

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