Do You Need a State License or Registration?

Determining if You Are State or Federally Regulated

Non-bank vs. Bank (non-depository vs. depository).

• Non-bank / non-depository institutions cannot accept monetary deposits from consumers
• Bank / depository institutions are legally allowed to accept monetary deposits from consumers

For federally regulated banks, please refer to the Registration Guide for Federal Instiutions.

If You Do Need a State License or Registration...

See the following topics to get started:

• Before You Apply for a State License
• Gathering Requirements
• Applying for a State Company License