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Mortgage licensing / District of Columbia

District of Columbia Student Loan Servicer Branch License

branch licence · NMLS DCSTUDENTLNSERVICER_B · DISB

Each branch location of a licensed student loan servicer, not exempt pursuant to D.C. Official Code Sec. 31-106.02(b) that engages in student loan servicing activity shall obtain a license from the District of Columbia Department of Insurance, Securities and Banking (DISB). This license should only be applied for by a company that also holds or is applying for DC Student Loan Servicer License.

Requirements (2)

  1. Step 1

    Other Trade Name: If operating under a name that is different from the applicant’s legal name, that name (“Trade Name”, “Assumed Name” or “DBA”) must be listed under the Other Trade Names section of the Company Form (MU1). DISB does not limit the number of other trade names. See D.C. Code § 26-1006 (b)(1). Note: Applicants should not include “dba” in front of their Other Trade Name, and Other Trade Names should not be included in the Legal Name field in the Company Form (MU1). If operating under an “Other Trade Name”, upload a Trade Name Registration Certificate issued by the District of Columbia Department of Licensing and Consumer Protection (DLCP) for each registered trade name used by the applicant regarding ability to do business under that trade name. Contact DLCP staff by telephone at: 202-671-4500. Trade Name Renewal is required after initial registration. Click HERE for details. This document should be named DC Trade Name – Assumed Name.

    Submitted via: Upload in NMLS: under the Document Type Trade Name/Assumed Name Registration Certificates in the Document Uploads section of the Company Form (MU1).

  2. Step 2

    Surety Bond Rider: Submit an Electronic Surety Bond Rider through the applicant’s Company Form (MU1) to increase the bond amount of Student Loan Servicer License Surety Bond by $50,000 to satisfy this requirement. Contact the surety bond producer to inform them of the application, so the producer can initiate the Surety Bond Rider Process in NMLS. Visit the NMLS Resource Center for more information.

    Submitted via: Electronic Surety Bond in NMLS

General information

Who is required to have this license? Each branch location of a licensed student loan servicer, not exempt pursuant to D.C. Official Code Sec. 31-106.02(b) that engages in student loan servicing activity shall obtain a license from the District of Columbia Department of Insurance, Securities and Banking (DISB). This license should only be applied for by a company that also holds or is applying for DC Student Loan Servicer License. Activities Authorized Under This License This license authorizes the following activities: • Consumer loan servicing • Accounting/Billing servicing • Private student loan servicing • Non-private student loan servicing Pre-Requisites for License Applications • Surety Bond $50,000 for single location and $50,000 for multiple locations

Other District of Columbia mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated April 21, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.

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