North Dakota Money Broker License

Summary

Get Licensed in North Dakota to broker and originate mortgages. We can help facilitate the entire process from start to finish to obtain your state licenses. Below is the general licensing requirements for the state, you can add to cart online and check out to purchase our services. The fees listed below are only our consulting service fees and do not include third party fees involved in obtaining the licenses.

General Requirements

Financial Statements

If audited financials are unavailable, upload a company financial statement prepared in accordance with Generally Accepted Accounting Principles as of the most recent fiscal year end. Financial statements should include a balance sheet, income statement, and statement of cash flows and all relevant notes thereto. If fiscal year ended 120 or more days prior to date of application, upload an unaudited financial statement as of most recent quarter end. If applicant is a start-up company, only an initial statement of condition (balance sheet) is required. The financial statement must illustrate a company net worth of $25,000 – NDCC 13-04.1-04.2. *Note: If providing consolidated financials of a parent company, the financials must include a separate breakdown of the applicant. Note: Financial statements are uploaded separately under the Filing tab and Financial Statement submenu link. See the Financial Statements Quick Guide for instructions.

Resident/Registered Agent

The Resident/Registered Agent must be listed under the Resident/Registered Agent section of the Company Form (MU1) and must match the information currently on record with the ND Secretary of State’s Office.

Surety Bond

$50,000 furnished and submitted by a surety company authorized to conduct business in North Dakota.

Management/Org Chart

Required

Business Plan

Required

Source

Information Source NMLS website

$1,290.00 Processing Fee

* Includes 1 Company State license and 1 individual License