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Mortgage licensing / Alabama

Alabama Non-Mortgage Consumer Credit License

company licence · NMLS ALNONCONSUMERCR_C · SBD

The Non-Mortgage Consumer Credit license is for entities that are conducting traditional financing activities but do not extend credit on mortgage transactions.

Requirements (13)

  1. Step 1

    Applicant's must list d/b/a names in the “Other Trade Names” section on Company (MU1) Form for Alabama.

    Submitted via: NMLS

  2. Step 2

    3. Applicants must provide their most recent Financial Statement showing a tangible net worth of $25,000 prepared by a Certified Public Accountant in accordance with Generally Accepted Accounting Principles covering the last fiscal year end. Financial statements should include a Balance Sheet, Income Statement and all relevant notes thereto.

    Submitted via: Upload in NMLS: under Additional Requirements in the Document Uploads section of the Company Form (MU1).

  3. Step 3

    2. Formation Documents / Alabama Secretary Of State Documentation. Upload a certified copy of: • The Corporate Charter or Articles of Incorporation (if a corporation), or • The Articles of Organization and Operating Agreement (if a Limited Liability Company), or • The Partnership Agreement (if a partnership of any form) • If the company is a sole proprietorship, then include a signed statement to that affect. • Certificate Of Existence: If the applicant was organized or formed outside of Alabama, submit certificate of existence to do business in this state from the Alabama Secretary of State. The Alabama Secretary of State’s office can be reached at 334-242-5324.

    Submitted via: Upload in NMLS:under the Document Type Formation Document in the Document Uploads section of the Company Form (MU1). This document should be named Formation Documentation [Date of Creation (MM-DD-YYYY)].

  4. Step 4

    7. Zoning: Signed statement attesting that the requested license location is not zoned residential. Click to download form

    Submitted via: Upload in NMLS: under Additional Requirements in the Document Uploads section of the Company Form (MU1).

  5. Step 5

    License/Registration Fees: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.

    Submitted via: (NMLS (Filing submission))

  6. Step 6

    Resident/Registered Agent: The [Resident/Registered Agent, or Direct owner, etc.] must be listed under the Resident/Registered Agent section of the Company Form (MU1) (if applicable) and must match the information currently on record with the Alabama Banking Department.

    Submitted via: NMLS

  7. Step 7

    Primary Contact Employees: The following individuals must be entered into the Contact Employees section of the Company Form (MU1). 1. Primary Company Contact - The individual named must be able to assist the Department with examinations and other regulatory issues. 2. Primary Consumer Complaint Contact - The individual named must be the primary contact for consumer complaint issues.

    Submitted via: NMLS

  8. Step 8

    Control Person (MU2) Attestation: Complete the Individual Form (MU2) in NMLS. This form must be attested to by the applicable control person before it is able to be submitted along with the Company Form (MU1).

    Submitted via: NMLS

  9. Step 9

    1. Verification of Experience: A summary of the education and experience of each owner, member, director and officer must be uploaded to the NMLS.

    Submitted via: Upload in NMLS: under the Document Type Verification of Experience in the Document Uploads section of the Individual Form (MU2).

  10. Step 10

    5. A statement of any business which Applicant proposes to conduct from the same location. If no other business will be conducted, a statement stating no other business will be conducted.

    Submitted via: Upload in NMLS: under Additional Requirements in the Document Uploads section of the Company Form (MU1).

  11. Step 11

    6. Document Samples: A true and complete (front and back) copy of the Applicant's TILA / Customer Agreement.

    Submitted via: Upload in NMLS: under the Document Type Document Samples in the Document Uploads section of the Company Form (MU1).

  12. Step 12

    4. Three letters of recommendation on each owner, member, director and officer from business people who have knowledge of the Applicant's business experience.

    Submitted via: Upload in NMLS: under Additional Requirements in the Document Uploads section of the Company Form (MU1).

  13. Step 13

    8. A properly executed ALEA "Application To Review Alabama Criminal History Record Information". Include a front and back copy of your valid photo identification card and a completed FBI-Application Fingerprint card for each owner, member, director, and officer, as applicable. PLEASE DO NOT SEND COMPLETED FORMS TO ALEA. Your completed ALEA forms must be submitted via mail to the Alabama Banking Department. THE $25 ALEA ADMINISTRATIVE FEE DOES NOT APPLY. Be sure this form is complete, signed by the applicant, and signed by either two witnesses or by a notary. Attach to the completed form one (1) front and back copy of your valid photo identification card and one (1) completed FBI-Application Fingerprint card of your fingerprints. Fingerprints can be taken at local Sheriff’s Offices or police departments.

    Submitted via: Mail to: Alabama Banking Department, P. O. Box 4600, Montgomery, Alabama 36103-4600

General information

Who Is Required to Have This License? The Non-Mortgage Consumer Credit license is for entities that are conducting traditional financing activities but do not extend credit on mortgage transactions. Alabama Consumer Credit Act: Title 5, Chapter 19 Activities Authorized Under This License: Consumer loan lending (non-mortgage) Consumer loan servicing (non-mortgage) Consumer loan brokering (non-mortgage) Non-private student loan lending Non-private student loan servicing Private student loan lending Private student loan servicing Refund anticipation lending Sales finance company activities – general Sales finance company activities - motor vehicles The Alabama Banking Department does issue paper licenses for this license type. Document Uploads Guidance Documents that must be uploaded to the Document Uploads section of the Company Form (MU1) in NMLS are indicated in the checklist below. When uploading documents: • Follow the guidance in Managing Document Uploads. • Only upload documents relevant to the company application. • Only upload documents where there is a selectable document category. If inappropriate documents are uploaded that should not be, you will be contacted by your regulator and asked to remove them from NMLS. • Do not upload the same company documents multiple times. Generally, unless the document is state-specific, if the document has already been uploaded for another state, a new upload is not required unless changes have been made. • If a document previously uploaded has been revised, delete the old document and replace it with the new document (history of the old document will remain in NMLS). • For state-specific documents (e.g., the Applicant's Customer Agreement), be sure to indicate the applicable state. Helpful Resources • Requesting a Company License or Transition • Managing Document Uploads • Individual MU2 Form Filing • Paying for a Company MU1 Filing • License Status Definitions NOTE - Fees collected through NMLS are NOT REFUNDABLE OR TRANSFERABLE. For questions regarding your NMLS account or navigating the NMLS please visit the NMLS Resource Center or Contact the NMLS Call Center with any questions: 1-855-665-7123 Monday - Friday from 9:00AM to 9:00PM ET

Other Alabama mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated August 28, 2026. Requirements change — confirm against the state agency before filing. Not legal advice.

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