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 State Licensing Requirements 

 
Company Licenses Description Requirements Checklist
Collection Agency License This license is required of any person, unless exempt, regardless of location, that operates as a collection agency, debt counselor, credit counselor, debt settlement organization, debt buyer, social security designee or credit repair organization in this state or performs any of the following directly or indirectly: Engages in the business of collecting or receiving payment for others of any account, bill, claim or other indebtedness. Solicits or advertises to collect or receive payment for another of any account, bill, claim or other indebtedness. Sells or otherwise distributes any system or systems of collection letters or similar printed matter where the name of any person other than the particular creditor to whom the debt is owed appears. Engages in any activity which indicates that a third party is or may be involved in effecting any collections. Engages or offers to engage in the business of collecting any form of indebtedness for that person's own account if the indebtedness was acquired from another person and if the indebtedness was either delinquent or in default at the time it was acquired. Engages or offers to engage in the business of receiving money from debtors for application or payment to or prorating of a debt owed to, any creditor or creditors of such debtor, or engages or offers to engage in the business of providing counseling or other services to debtors in the management of their debts, or contracting with the debtor to effect the adjustment, compromise, or discharge of any account, note or other indebtedness of the debtor. Engages or offers to engage in the business of selling, providing or performing services to improve any consumer's credit record, credit history or credit rating, or providing advice or assistance to any consumer with regard to his credit record, credit history or credit rating. (More Details)
Exempt Entity Registration This registration is required of any entity or sole proprietorship, that conducts independent contractor mortgage loan processing or mortgage loan underwriting services on behalf of Idaho mortgage broker or mortgage lender licensees or regulated lender licensees and registrants on dwellings located in Idaho. (More Details)
Money Transmitter License This license is required for any entity that sells or issues payment instruments or open loop stored value devices and payment instruments; or who engages in the business of receiving money for transmission or engaging in the business of money transmission, by any and all means including but not limited to payment instrument, wire, facsimile, or electronic transfer.; or acting as a bill payer; or providing deferred delivery services for any of the above. (More Details)
Mortgage Broker/Lender License This license is required of any company or sole proprietors, regardless of location, conducting direct or indirect mortgage origination activity on residential property located in Idaho. (More Details)
Payday Lender License This license is required of any person, unless exempt, regardless of location, engaging in the business of payday loans, offering or making a payday loan, or arranging a payday loan for a third party lender on a payday loan transaction. A payday loan made in this state in violation of the licensing requirement of this section is void, uncollectible and unenforceable. For any such payday loan the debtor is not obligated to pay the principal or any fee associated with such payday loan. If a debtor has paid any part of the principal or fee, the debtor has a right to recover the payment. (More Details)
Regulated Lender License This license is required of any person, unless exempt, regardless of location, making regulated consumer loans; or taking assignments of and undertaking direct collection of payments from or enforcement of rights against debtors arising from regulated consumer loans.. (More Details)
Regulated Lender Registrant This registration is not a license transition. This registration is not a license application process for the regulated lender license. This registration does not apply to entities that hold both the mortgage broker/lender license and the regulated lender license. This additional registration is only required of a company or sole proprietorship, already licensed under the Idaho Credit Code, Idaho Code § 28-41-101 as a regulated lender, regardless of location, conducting direct or indirect mortgage origination or loan modification activity on dwellings located in Idaho for compensation or gain, or in the expectation of compensation or gain. (More Details)
Branch Licenses Description Requirements Checklist
Collection Agency Registration (Branch) This registration is required of any person, unless exempt, regardless of location other than the main office identified on the Company Form, that directly or indirectly operates as a collection agency, debt counselor, credit counselor, debt settlement organization, debt buyer, social security designee or credit repair organization in this state. Refer to the company information for activity details. (More Details)
Exempt Entity Branch Registration This registration is required for all offices, other than the main office identified on the Form MU1, regardless of location, that conducts independent contractor mortgage loan processing or mortgage loan underwriting services on behalf of Idaho mortgage broker or mortgage lender licensees or regulated lender licensees and registrants on dwellings located in Idaho. (More Details)
Mortgage Broker/Lender License (Branch) This license is required for all offices, other than the main office identified on the Mortgage Broker/Lender License, whether located in Idaho or not, which directly or indirectly conducts mortgage origination activity on residential property located in Idaho. (More Details)
Payday Lender License (Branch) This license is required of any person, unless exempt, regardless of location, other than the main office identified on the Company Form, engaging in the business of payday loans, offering or making a payday loan, or arranging a payday loan for a third party lender on a payday loan transaction. A payday loan made in this state in violation of the licensing requirement of this section is void, uncollectible and unenforceable. For any such payday loan the debtor is not obligated to pay the principal or any fee associated with such payday loan. If a debtor has paid any part of the principal or fee, the debtor has a right to recover the payment. (More Details)
Regulated Lender License (Branch) This license is required of any person, unless exempt, regardless of location, other than the main office identified on the Company Form, making regulated consumer loans or taking assignments of and undertaking direct collection of payments from or enforcement of rights against debtors arising from regulated consumer loans. (More Details)
Regulated Lender Registrant (Branch) This registration is not a license transition. This registration is not a license application process for the regulated lender license. This registration does not apply to entities that hold both the mortgage broker/lender license and the regulated lender license. This additional registration is only required for all offices, other than the main office identified on the Form MU1, already licensed under the Idaho Credit Code, Idaho Code § 28-41-101 as a regulated lender, regardless of location, conducting direct or indirect mortgage origination or loan modification activity on dwellings located in Idaho for compensation or gain, or in the expectation of compensation or gain. (More Details)
Individual Licenses Description Requirements Checklist
Mortgage Loan Originator License This license is required of any natural persons conducting residential mortgage origination activities in Idaho on behalf of a mortgage broker or mortgage lender from locations licensed to conduct activity in Idaho. (More Details)
 

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