(1) $250 each for 1st & 2nd mortgage applications
(2) $250 for each branch office
(3) $20,000 Surety Bond for 1st mortgage applicants (with $100,000 minimum net worth)
(4) Must have a Resident Agent if applicant lives in another state. Resident Agent must have a New Hampshire business address and have regular business hours.
(5) Financial history (full disclosure)
(6) Personal Full Background checks
NOTE: Separate Mortgage Brokers licenses are required for 1st and 2nd mortgages, as well as separate applications.
Loan Officer Requirements:
(1) 18 years of age
(2) Criminal background check (as of 7/31/09)
(3) Credit check (as of 7/31/09)
(4) Completed and passed testing (as of 7/31/09)
(5) Completed education (as of 7/31/09)
Contact Information:
New Hampshire Banking Department
Mailing Address:
64B Old Suncook Road
Concord, NH 03301-7317
Phone: 603.271.3561
Toll Free: 800.437.5991
Consumer Credit Licensing: 603.271.8675
Fax: 603.271.1090 (Banking Division)
Fax: 603.271.0750 (Consumer Credit Division)
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
1st Mortgage Website:http://www.nh.gov/banking/firstlr.html
2nd Mortgages Website:http://www.nh.gov/banking/secondlr.html
Map of New Hampshire Banking Department: