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 State Licensing Requirements 

 
Company Licenses Description Requirements Checklist
Collection Agency License This License is required for any person or entity who, in the ordinary course of business, engages in the act of collecting or attempting to collect, directly or indirectly, debts owed or due or asserted to be owed or due another. This also includes solicitation of debts for the purpose of collection and accepting assignment of debts for the purpose of collection. (More Details)
Debt Settlement Service Provider License This License is required for any person or entity engaging in, or holding itself out as engaging in, the business of providing debt-settlement service in exchange for any fee or compensation, or any person who solicits for or acts on behalf of any person engaging in, or holding itself out as engaging in, the business of providing debt-settlement service in exchange for any fee or compensation. (More Details)
Deferred Presentment Service Provider License This License is required for any person or entity who pays to a customer the amount of a check, less the fees permitted, and accepts a check from the customer dated on the date of the transaction and agrees to hold the check for a period of time before negotiation or presentment; accepts a check dated after the date of the transaction and agrees to hold the check for deposit until the date written on the check; or pays to the customer an agreed-upon amount, and obtains the customer's authorization to transfer or withdraw, electronically or otherwise, funds from a customer's account in repayment at some future, agreed-upon date. (More Details)
Exempt Company Registration This registration is available for any company that employs state-licensed mortgage loan originators but is not required to be licensed under the laws of North Dakota. Please consult the state regulator before applying for this registration. (More Details)
Money Broker License This License is required of any person or entity who, in the normal course of business, engages in the act of arranging or providing loans or leases as a form of financing, or advertising or soliciting either in print, by letter, in person, or otherwise, the right to find lenders or provide loans or leases for persons or businesses desirous of obtaining funds for any purposes. (More Details)
Money Transmitter License This License is required for any person or entity that engages in the business of the sale or issuance of payment instruments, stored value, or of receiving money or monetary value for transmission to a location within or outside the United States by any and all means, including wire, facsimile, or electronic transfer. Notwithstanding any other provision of law, "money transmission" also includes bill payment services not limited to the right to receive payment of any claim for another. (More Details)
Branch Licenses Description Requirements Checklist
Collection Agency Branch Registration Registration is required for all branch office locations, other than the main office identified in the Collection Agency License, whether located in North Dakota or not, which conducts collection activities in North Dakota. (More Details)
Debt Settlement Service Provider Branch Registration Registration is required for all branch office locations, other than the main office identified in the Debt Settlement Service Provider License, whether located in North Dakota or not, which conducts debt settlement activities. (More Details)
Deferred Presentment Service Provider Branch License The branch license is required for all Deferred Presentment Service Provider Locations other than the main office. According to North Dakota law, these licenses are considered separate company licenses with their own bonding and net worth requirements. (More Details)
Exempt Company Branch Registration Registration is required for all branch office locations, other than the main office holding the Exempt Company Registration. This registration is available for any branch that employs state-licensed mortgage loan originators but is not required to be licensed under the laws of North Dakota. (More Details)
Money Broker Branch Registration Registration is required for all branch office locations, other than the main office identified in the Money Broker License, whether located in North Dakota or not, which conducts money brokering activities with North Dakota residents. (More Details)
Individual Licenses Description Requirements Checklist
Mortgage Loan Originator License This License is required of any individual, who for compensation or gain or in the expectation of compensation or gain, takes a residential mortgage loan application; or offers or negotiates terms of a residential mortgage loan. (More Details)
 

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