Maine State Licenses and Regulator Costs

Loan Broker License (Company)

  • NMLS Cost: $500

  • Qualifying Individual: an on-site manager is required at all locations

  • Surety Bond Requirement: $25,000

Supervised Lender License (Company)

  • NMLS Cost: $350

  • Qualifying Individual: an on-site manager is required at all locations

  • Surety Bond Requirement: $50,000 per office location

Loan Broker Branch License (Branch)

  • NMLS Cost: $190

  • Branch Manager: must work in branch location

  • Surety Bond: $25,000

Supervised Lender Branch License (Branch)

  • NMLS Cost: $120

  • Branch Manager: must work in branch location

  • Minimum Net Worth: at least $25,000 per office location

  • Surety Bond: $50,000 per office location

Mortgage Loan Originator (Individual)

  • NMLS Cost: $50

  • Additional Costs: $15.00 per credit report, $36.25 per criminal background check

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Lynx Licensing charges a flat rate of $625 per state license, $120 per branch license, and $85 per individual license.

Located in Raleigh, North Carolina

ryan at lynxlicensing dot com

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