Mortgage Loan Originator License

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Minnesota Department of Commerce Review: Mortgage Mortgage Originator Apply Minnesota uses the Nationwide Multistate Licensing System (NMLS). Company/business entities applying for the Mortgage Originator (MO) License are required to use NMLS Read Minn. Stat. Chapter 58 before applying for a Mortgage Originator (MO) license. Unlicensed activity may result in administrative action. Renewal Mortgage loan originator licenses licenses expire on December 31 of each year and are renewable on January 1 of each year after that date. The renewal fee is $500. Renewal is done through NMLS Reapply If a license was not renewed, has lapsed, or was surrendered and you would like the license activated,follow the instructions at NMLS and reapply for the license. Out-of-state An out-of-state mortgage company does not need to physical presence in Minnesota; however, registration as a foreign corporation with the Office of the Minnesota Secretary of State may be required. See the Office of the Minnesota Secretary of State, Business & Liens None