Banker Requirements:

(1) No physical office requried

(2) minimum net worth of $25,000

(3) No in-state officer or key person

(4) 2-years of owner education/experience

(5) $600 Initial state fee

(6) $500 Renewal state fee

(7) No Loan Officer license

(8) No Branch license.

NOTE: Evidence of Warehouse Line is REQUIRED to verify Lender status.

Broker Requirements:

(1) Physical office is REQUIRED

(2) minimum net worth of $25,000

(3) No in-state officer or key person

(4) 12-hours of owner education/experience

(5) $600 initial state fee

(6) $500 state renewal fee

(7) No Loan Officer license

(8) No Branch License

Loan Officer Requirements:

Individuals are not licensed in the state of Alabama.

Contact Information:

State Banking Department

P.O. Box 4600

Montgomery, Alabama 36130-4600

Phone: 334.242.3452

Main Fax: 334.242.3500

Website: http://www.bank.state.al.us/index.htm

[Map of Alabana State Banking Department:

No physical location available at this time.