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Indiana Mortgage Licensing - Guide Mortgage Licensing

Indiana Mortgage Licensing

Mortgage Broker Licensing

License: Indiana (SOS) Loan Broker License

Physical Office Required:  No
Qualifying Individual Required: Yes, Principal Manager (QI) must have 2 years of experience and take 16 continuing education hours in the year that they are obtaining the Indiana license.
Minimum Net Worth:  None
Financial Statements:  None
Surety Bond Amount:  $50,000 – $75,000
Company License Fee:  $300

Mortgage Lender Licensing

License: Indiana (DFI) Mortgage Lending License

Physical Office Required:  No
Qualifying Individual Required:  Yes, Principal Manager (QI) must have 2 years of experience
Minimum Net Worth:  $100,000
Financial Statements:  Unaudited (reviewed)
Surety Bond Amount:  $100,000
Company License Fee:  $1,100

Regulated by:

Indiana Secretary of State, Securities Division
302 W. Washington St. Room E-111
Indianapolis, IN 46204
Phone: 317- 232-6681
Email: arsmock@sos.in.gov

 

Indiana Department of Financial Institutions, Consumer Credit Division
30 South Meridian Street, Suite 300
Indianapolis, IN 46204
Phone: 317-453-2539
Email: dfilicensing@dfi.in.gov

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