Delaware State Licensing Requirements
Office of the State Bank Commissioner
High School Diploma or GED
Delaware does not have any state specific education requirements other than testing.
Brick and Mortar State: No
Who is required to be licensed
Individuals who deal directly with customers who are seeking mortgage loans and solicit, negotiate, explain or finalize the terms of the loan. “Soliciting” means the discussion of a mortgage loan product or products with a customer or potential customer, but does not include the taking of customer information or referral of a customer or the customer’s information to a person engaged in mortgage origination. While the State of Delaware currently licenses businesses that employ loan originators (lenders licensed under Chapter 22 of Title 5, and mortgage loan brokers licensed under Chapter 21 of Title 5) all non-exempt individuals who engage in mortgage loan originating must now be licensed irrespective of how they are compensated.
Pre-requisites for license applications
All Delaware licensed mortgage loan originators will be subject to an annual $500 supervisory assessment, which will be billed by the Office of the State Bank Commissioner in July of each year and is due by August 1st each year.
Need to purchase Pre-licensing or Continuing Education Courses?
Use the links below for course schedules and information about NMLS Approved Pre-licensing Education (PE) or Continuing Education (CE).
NMLS Requirements and Fees
Processing Fees for State Licensure
Processing Fees for Federal Registration
Professional Standards Fees
Notice: The information provided on this page is not legal advice and is shared for educational purposes only. The information provided is not a complete statement of all licensing requirements, additional licensing requirements may be required by state and/or other agencies.
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|Last Updated ( Monday, 24 February 2014 )|