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Mortgage banking and brokering is regulated by numerous federal laws, enforcement agencies, and state laws or licensing boards.
Licensing Compliance Policy
STATE LOAN OFFICER REQUIREMENTS
Applicable State requirements are subject to changes by State
If you have questions, please contact Virtual Lending
and we will be happy to assist you.
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Arkansas
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Continuing Education (Lo License)
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California RML License
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Continuing Education
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Connecticut
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Loan Officer Registration
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Florida
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Continuing Education, Resume, On Line Application
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Georgia
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Continuing Education
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Idaho
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Continuing Ed., (2) fingerprint cards, Bond, Application, fees (Lo License)
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Illinois
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Cont. Ed. (2) fingerprint cards, Fee, Test, Application fees,(Lo License)
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Kansas
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Loan Officer License
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Kentucky
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Cont. Ed. , (2) fingerprint cards, Application, Fee (Lo License)
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Louisiana
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Cont. Ed. (2) fingerprint Cards, Application fee (Lo License)
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Maine
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Loan Officer Registration
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Maryland
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Cont. Ed. (2) Fingerprint cards, application fee (Lo license)
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Michigan
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Loan Officer Registration
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Minnesota
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As of 7/1/07 Continuing Ed. (15 Hours) required
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New Hampshire
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Loan Officer Registration
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New Mexico
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Loan Officer registration
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North Carolina
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Loan Officer License (must reside in NC)
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Oregon
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Cont. Ed. ,Test, 2 yrs. Exp., Application fee, (Lo License)
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Utah
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3 years exp., Cont. Ed., test, 2 fingerprint cards (Lo Officer license)
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STATE REGULATORY LINKS
Provided for your convenience
- Check with your State for applicable requirements and updates
- Contact Virtual Lending for VLO, VPA, VMA assistance
Licensed States
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Alaska
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Arkansas
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Arizona
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California
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Colorado
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Connecticut
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D.C
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Delaware
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Florida
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Georgia
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Hawaii
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Idaho
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Illinois
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Indiana
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Iowa
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Kansas
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Kentucky
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Louisiana
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Maine
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Maryland
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Massachusetts
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Michigan
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Minnesota
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Mississippi
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Missouri
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New Hampshire
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New Jersey
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New Mexico
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New York
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North Carolina*
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Ohio
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Oregon
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Pennsylvania
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South Carolina
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Tennessee
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Texas
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Utah
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Vermont
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Virginia
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Nevada
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Virtual Lending legal and regulatory compliance is a key business issue.
For the purpose of clarification, states that require the Loan Originator license actually need two licenses. One from our corporate office AND a Loan Originator license.
(The Loan Originator license is for the person who "Originates" the loan only. This is an individual license for that state)
Last Updated: 8/16/2007
* LO Licensee must reside in NC
Free