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 State Licensing Requirements

 
Company Licenses Description Requirements Checklist
501(c)(3) Nonprofit Organization Company Exemption A bona fide nonprofit organization that is recognized as tax exempt and whose primary activity is the construction, remodeling, or rehabilitation of homes for use by low-income families, provided that the organization makes no-profit mortgage loans or mortgage loans at zero per cent interest to low-income families and no fees accrue directly to the organization from those mortgage loans, and meets other requirements as provided in O.R.C. 1322.04 and O.A.C. 1301:8-7-31 may obtain this exemption.
Consumer Installment Loan Act License This license is available for consumer lenders making loans with terms of six months or more as provided in O.R.C. 1321.62 to 1321.702.
General Loan Law (GLL) Certificate of Registration This registration is available for consumer lenders making loans as provided in O.R.C. 1321.51 to 1321.60.
Money Transmitter License Any person, regardless of the location of that person, its facilities, or its agents, who receives directly or indirectly and by any means, money or its equivalent for transmission from a person located in this state is required to have this license. Ohio Revised Code Section 1315.02. Unless, that person receiving the money or its equivalent for transmission is a licensee, or otherwise exempt from licensure.
Residential Mortgage Lending Act (RMLA) Certificate of Registration This registration is required for non-exempt persons engaging in mortgage lending, mortgage brokering, or mortgage servicing as defined in O.R.C. Chapter 1322.
Residential Mortgage Lending Act (RMLA) Letter of Exemption This Letter of Exemption is available for Credit Union Service Organizations and Depository Institutions seeking exemption from registration as provided in O.R.C. 1322.05.
Short-Term Lender License This registration is required to engage in the business of making short-term loans to a borrower in Ohio under O.R.C. 1321.35 to 1321.48.
Short-Term Lender Nonprofit License This registration is required to engage in the business of making short-term loans to a borrower in Ohio under O.R.C. 1321.35 to 1321.48.
Third Party Processing and/or Underwriting Company Exemption This exemption is required of a person, other than an independent contractor, which performs only clerical or support duties as defined in 12 U.S.C. 5102(5)(B), as in effect on January 12, 2014, of a loan processor or underwriter for one or more unaffiliated, registered mortgage brokers, qualified exempt entities, or entities exempt from registration pursuant to division (G)(2)(b) of section 1322.01 of the Revised Code.
Branch Licenses Description Requirements Checklist
501(c)(3) Nonprofit Organization Branch Exemption This branch exemption is required for each location of an office to be maintained by an exempt 501(c)(3) nonprofit, other than the location identified as the main office on the Company Form (MU1) filing, as provided in O.A.C. 1301:8-7-31.
Consumer Installment Loan Act Branch License This branch license is required for places of business of Consumer Installment Loan Act Licensees other than the location identified on the CILA License as the main office, as provided in O.R.C. 1321.62 to 1321.702. .
General Loan Law Branch Registration This branch license is required for places of business of GLL Registrants, other than the location identified as the main office, as provided in O.R.C. 1321.51 to 1321.60.
Residential Mortgage Lending Act Branch Registration This branch registration is required for offices maintained by the holder of a RMLA Certificate of Registration, other than the location identified as the main office, as provided in O.R.C. Chapter 1322.
Residential Mortgage Lending Act Letter of Exemption Branch Registration This branch registration is required for offices maintained by the holder of a RMLA Letter of Exemption, other than the location identified as the main office, as provided in O.R.C. Chapter 1322.
Short-Term Lender Branch License This branch license is required for each location to be maintained by the organization other than the main office identified on the MU1 filing. Please refer to Ohio Revised Code 1321.35 to 1321.48 for more information.
Short-Term Lender Nonprofit Branch License This branch license is required for each location to be maintained by the organization other than the main office identified on the MU1 filing. Please refer to Ohio Revised Code 1321.35 to 1321.48 for more information.
Individual Licenses Description Requirements Checklist
Mortgage Loan Originator License This license is required for Mortgage Loan Originators as provided in O.R.C. Chapter 1322. A Mortgage Loan Originator is an individual who for compensation or gain takes or offers to take a residential mortgage loan application; assists or offers to assist a buyer in obtaining or applying to obtain a residential mortgage loan; offers or negotiates terms of a residential mortgage loan; or, issues or offers to issue a commitment for a residential mortgage loan to a buyer.
Temporary Mortgage Loan Originator License This temporary license is available for certain Mortgage Loan Originators licensed in other jurisdictions who wish to become temporarily licensed in Ohio as provided in O.R.C. 1322.24.
 

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