Who may need this license

Detailed scope guidance is being verified against the current NMLS checklist.

Estimated filing costs

Application fee

$0

License fee

$500

NMLS fee

$120

Financial requirements

Financial statement (new application)

Not Required

Annual financial statement

Not Required

Net worth

Not Required

Source text preserved as written — see statute or checklist for the exact calculation.

Bonding

Surety bond required

Yes

Minimum bond amount

$25,000

Control-person and background requirements

Credit report roles

Direct Owners: Yes; Qualified Individuals: Yes; Indirect Owners: Yes

Criminal background check roles

Direct Owners / Executive Officers: Meets the definition of "Control" (32-9-103(12), MCA). A person is presumed to control an entity if that person is a director, general partner, or executive officer or is an individual that occupies a similar position or performs a similar function.; Indirect Owners: A person is presumed to control an entity if that person indirectly has the right to vote 10% or more of a class of a voting security or has the power to sell or direct the sale of 10% or more of a class of voting securities.

Ongoing reporting

MCR — Mortgage Call Report

Required

A periodic report of loan origination and servicing activity filed through NMLS.

SSSF — State-Specific Supplemental Form

Not required

A state-specific form filed alongside standard NMLS reporting to satisfy that state's additional requirements.

UAAR — UAAR

Not required

A state reporting requirement. The full definition has not yet been verified against NMLS or state-regulator source documentation — treat as provisional pending confirmation. (definition pending verification)

Advance-change notice timing

Legal name change notice

0 days (no advance notice window)

Main address change notice

0 days (no advance notice window)