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 State Licensing Requirements

 
Company Licenses Description Requirements Checklist
Broker License This license is required of any person who, either for or in the expectation of compensation or gain, either directly or indirectly negotiates, arranges or solicits (or offers to) a mortgage loan on a Delaware property on behalf of a borrower; or, holds himself out as being able to provide these services. (More Details)
Check Seller, Money Transmitter License Companies that conduct sale of checks or money transmission activities in Delaware must submit a company application through the NMLS system beginning April 15, 2020. A license is required, unless certain exemption apply, for any person who engages in the business of money transmission or the selling of checks as a service or for a fee or other consideration. "Person" means any individual, partnership, association joint stock association or corporation, but does not include the United States government or the government of this state. “Sale of Checks" means to sell, to issue, or to deliver a check. “Money transmission” means to engage in the business of receiving money for transmission or transmitting the same in accordance with Section 2303, Chapter 23, Title 5 of the Delaware Code. Section 2304(c), Chapter 23, Title 5 of the Delaware Code provides for an exemption from the Delaware money transmitter licensing requirements for the following entities. (A paper exemption application must be filed with the Office of the State Bank Commissioner outside of the NMLS system).
Lender License This license is required of any person who conducts the business of consumer lending with Delaware borrowers and, in the case of residential mortgage loans, involving Delaware property. (More Details)
Branch Licenses Description Requirements Checklist
Broker Branch License These are additional locations from which corporate mortgage loan broker licensees conduct Delaware business. (More Details)
Licensed Lender Branch These are additional locations from which corporate Licensed Lenders conduct Delaware consumer lending. (More Details)
Individual Licenses Description Requirements Checklist
Mortgage Loan Originator License This license is required of any mortgage loan originator, who for compensation or gain, or in the expectation of compensation or gain, directly or indirectly negotiates, places, assists in placement, finds or offers to negotiate, place, assist in placement or find mortgage loans on Delaware residential property for others.
 

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