Company Licenses
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Description
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Requirements Checklist
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Consumer Credit License |
This License is required for any company or sole proprietor that will extend credit or take assignments of consumer credit contracts secured by residential real estate located in Alabama. Non-residential lenders will find application information on the Department's website reference above. (More Details) |
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Mortgage Brokers License |
This License is required of any company or sole proprietor who directly or indirectly solicits, processes, places, or negotiates mortgage loans for a borrower, or offers to solicit, process, place, or negotiate mortgage loans for a borrower on Alabama residential real estate. (More Details) |
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Branch Licenses
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Description
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Requirements Checklist
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Consumer Credit License (Branch) |
This License is required for all offices, other than the main office that is licensed as or seeking a Consumer Credit License, which conducts Consumer Credit Act activity on Alabama residential real estate. Non-residential lenders will find application information on the Department's website reference above. (More Details) |
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Mortgage Brokers License (Branch) |
This License is required for all offices, other than the main office that is licensed as or seeking a Mortgage Brokers License, which conducts mortgage broker activity on Alabama residential real estate. (More Details) |
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Individual Licenses
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Description
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Requirements Checklist
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Mortgage Loan Originator License |
This License is for any individual who, for compensation or gain, or in the expectation of compensation or gain, takes a residential mortgage application or offers to negotiate terms of a residential mortgage loan. (More Details) |
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