Rhode Island Mortgage Licensing
 
Mortgage Banker
Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $100,000
Surety Bond: $50,000 + $5,000 for each branch
State Initial Fee: $550
State Renewal Fee: N/A
Branch Licensing: Yes
Loan Officer Licensing: No
Experience/Education: 5 years of experience in mortgage

Mortgage Broker
Loan Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $10,000
Surety Bond: $20,000 + $5,000 for each branch
State Initial Fee: $275
State Renewal Fee: N/A
Branch Licensing: Yes
Loan Officer Licensing: No
Experience/Education: 5 years of experience in mortgage
 
Department of Business Regulation
233 Richmond St., Suite 231
Providence, RI 02903
Telephone: (401) 222-2405
Fax: (401) 222-6098
http://www.dbr.state.ri.us/
 
CALL (714) 656-3960 or eMail Us Today! ssheasby@integritymortgagelicensing.com