Alabama Mortgage Licensing
Mortgage Broker Licensing
License: Alabama Mortgage Broker License
Physical Office Required: No
Qualifying Individual Required: No
Minimum Net Worth: $25,000 Tangible Net worth
Financial Statements: Unaudited (not compiled)
Surety Bond Amount: $25,000
Company License Fee: $700
Mortgage Lender Licensing
License: Alabama Consumer Credit License
Physical Office Required: No
Qualifying Individual Required: No
Minimum Net Worth: None
Financial Statements: Unaudited – Compiled
Surety Bond Amount: $25,000
Company License Fee: $700
Regulated by:
State Banking Department
P.O. Box 4600
Montgomery, Alabama 36103-4600
Phone: 334-242-3452
www.banking.alabama.gov