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South Dakota Mortgage Licensing - Guide Mortgage Licensing

South Dakota Mortgage Licensing

Mortgage Broker Licensing

License: South Dakota Mortgage Brokerage License

Physical Office Required:  No
Qualifying Individual Required: No
Minimum Net Worth:  None
Financial Statements:  Unaudited (certified by officer)
Surety Bond Amount:  $25,000
Company License Fee:  $600

Mortgage Lender Licensing

License: South Dakota Mortgage Lender License

Physical Office Required:  No
Qualifying Individual Required:  No
Minimum Net Worth:  None
Financial Statements:  Unaudited (certified by officer, last 4 years and last 90 days)
Surety Bond Amount:  $25,000
Company License Fee:  $850

Regulated by:

Division of Banking
1601 N. Harrison Avenue, Suite 1
Pierre, SD 57501
Phone: 605-773-3421
Fax: 605-773-5367

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