Rhode Island Loan Broker License

Summary

Get Licensed in Rhode Island 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

UPLOAD Financial Statements, including a Balance Sheet and Income Statement, prepared in accordance with Generally Accepted Accounting Principles representing the Applicant’s financial position within the ninety (90) day period immediately preceding the filing of the jurisdiction specific checklist. If Applicant is a start up company, then Applicant need only UPLOAD a Balance Sheet. (Note: All Applicants must meet/maintain the net worth requirement for licensure during the application period.)

Resident/Registered Agent

The Resident/Registered Agent of the NMLS Company Form must be physically located in Rhode Island and cannot be an employee/owner of Applicant.

Surety Bond

$20,000 furnished and submitted by a surety company authorized to conduct business in Rhode Island.

Management/Org Chart

None

Business Plan

None

Source

Information Source NMLS website

$1,290.00 Processing Fee

* Includes 1 Company State license and 1 individual License