State Licensing Requirements

South Carolina BFI

Electronic filings through NMLS may be delayed if all required items on the appropriate checklist below are not submitted to the regulator.

The following requirements are handled through a common process for all jurisdictions:

Renewals - Annual license renewal for 2010

Financial Statements - Submitting financial statements through NMLS

Professional Requirements - Testing, education and background check requirements for individual Mortgage Loan Originators

Policy - Common policies, including the Policy Guidebook for Licensees

Company Licenses	Description	Requirements Checklist
Mortgage Lender/Servicer License	This License is required of any business entity who engages in the business of making or servicing a mortgage loan for compensation or gain, or in the expectation of compensation or gain, either directly or indirectly, including soliciting, processing, placing, or negotiating a mortgage loan. (More Details)	New Application
Branch Licenses	Description	Requirements Checklist
Mortgage Lender/Servicer License (Branch)	This license is required of any office of the mortgage lender that is separate and distinct from the mortgage lenders principle office. (More Details)	New Application
Individual Licenses	Description	Requirements Checklist
Mortgage Loan Originator License	This license is required of any natural person who, in exchange for compensation or gain or in the expectation of compensation or gain as an employee of a licensed mortgage lender, solicits, negotiates, accepts, or offers to accept applications for mortgage loans, including electronic applications, or includes direct contact with, or informing mortgage loan applicants of, the rates, terms, disclosures, and other aspects of the mortgage loan. (More Details)	New Application