The NMLS processing fees for state licensing and federal registration are listed below.
NMLS Processing Fees for State Licensure
- Initial Setup Fee - this fee is incurred each time a company (Form MU1), branch (Form MU3), or mortgage loan originator (Form MU4) uses the NMLS to apply for a new license in a participating state. The Initial Set-up Fee is a “per agency/per license.” fee.
- Annual Processing Fee - this fee is incurred each year during the annual renewal period when a company, branch, or mortgage loan originator submits a renewal request in a participating state. This fee is a “per agency/per license” fee.
- MLO Change of Sponsorship Fee - this fee is incurred each time a company requests to sponsor a mortgage loan originator's (MLO) license. This fee is a “per agency/per license” fee.
Company
(Form MU1 Filing) |
$100 |
$100 |
$30 |
Branch
(Form MU3 Filing) |
$20 |
$20 |
n/a |
Individual
(Form MU4 Filing) |
$30 |
$30 |
n/a |
IMPORTANT: The above fees do not represent the total cost to license a company, branch or MLO. Each state agency may charge its own licensing fees for each of its license types and for MLO license sponsorship.
NMLS Processing Fees for Federal Registration
- Initial Setup Fee - this fee is incurred when an institution (Form MU1R) or mortgage loan originator (Form MU4R) initial registration is made in NMLS.
- Annual Processing Fee - this fee is incurred each year during the annual renewal period.
- MLO Change of Employment Fee - this fee is incurred each time an institution requests to have a registered mortgage loan originator (MLO) associated with their institution.
- Two-Factor Subscription Fee - In order to satisfy federal requirements for online government services, NMLS uses a two-factor authentication system (Verisign security token) for all institution users who have access to more than one MLO’s personal identifying information. The annual subscription fee is charged to each institution user to cover the cost of this service. It is a "per user/per year" fee.
Institution
(Form MU1R Filing) |
$100 |
$100 |
n/a |
$55/user |
Individual
(Form MU4R Filing) for 2011 |
$60 |
$0 |
$30 |
n/a |
Individual
(Form MU4R Filing) for 2012 and subsequent years |
$30 if registration occurs between January and June.
$60 if registration occurs between July and December. |
$30
($0 if registration occurred between July and December of same year.) |
$30 |
n/a |
Merger and Acquisition Fees for Federal Registration
There are two fees for processing mergers and acquisitions in NMLS:
- M&A Batch Upload base processing fee: $750
Standard fee paid by acquiring institution (MU1R) at initiation of MLO transfer
- MLO transfer fee for each record successfully processed: $10 per MLO
Fee for each MLO to be transferred from acquired institution, paid by acquiring institution
Professional Standards Fees
| Criminal Background Check |
Livescan - $39
or
Print Card Capture - $39, plus
Card Packet Fee - $10
Charged at each new application for licensing or new request for registration. Single charge regardless of how many licenses are applied for in a single filing. |
| Testing |
State Component - $69 (per state component)
National Component - $92 |
| Credit Report |
$15
Charged at each new application for licensure if NMLS does not contain a credit report that is less than 30 days old. Single charge regardless of how many licenses are applied for in a single filing. |
Education Provider Fees
The following fees are charged to organizations who apply for and maintain designation as an “NMLS Approved Educational Provider.”
- Provider Application Fee - $400
- Provider Renewal Fee - $400
- Course Approval Fee - $300 plus $20 per credit hour
- Course Renewal Fee - $200 plus $20 per credit hour
- Credit Banking Fee - $1.50 per credit hour banked
For details see Course Providers.