Broker Requirements:

(1) $750 licensing fee

(2) $750 renewal fee ($100 late fee if after 30 days of expiration)

(3) $10,000 Surety Bond (with an in state office) AND CPA reviewed/audited net worth of $100,000

(4) $120,000 Surety Bond (withOUT an in state office) AND CPA reviewed/audited net worth of $250,000

(5) No physical office location is required

NOTE:Licenses are 2 yrs

Loan Officer Requirements:

(1) $250 application fee

(2) $250 renewal fee

(3) $40 transfer fees

NOTE:Licenses are 2 yrs

Contact Information:

Wisconsin Department of Financial Institutions - Mortgage Banking Bureau

Physical Location:

345 W Washington Ave., 4th Floor

Madison, WI 53703

Mailing Address:

Attn: Jean Plale

PO Box 7876

Madison, WI 53707-7876

Phone: 608.261.7578

Fax: 608.267.6889

Website:http://www.wdfi.org/fi/mortbank/

Map of Wisconsin Department of Financial Institutions: