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Mortgage licensing / Guam

Guam Residential Mortgage Lender License

company licence · NMLS GURESLENDER_C · DRT

Requirements (18)

  1. Step 1

    Other Trade Name: DBAs should be listed under Other Trade Names on the NMLS Company Form. The Guam Department of Revenue and Taxation, Regulatory Division, Office of Banking and Insurance Commissioner/Insurance, Securities, Banking and Real Estate (ISBRE) Branch does not limit the number of DBAs.

    Submitted via: Submit via NMLS under "Other Trade Names" section.

  2. Step 2

    Resident/Registered Agent: The Resident/Registered Agent section of the NMLS Company Form should be completed with the information currently on record with the Guam Department of Revenue and Taxation, Regulatory Division, Office of the Banking and Insurance Commissioner/Insurance, Securities, Banking and Real Estate (ISBRE) Branch.

    Submitted via: Resident/Registered Agent appointment should be registered at the Guam Department of Revenue and Taxation, Regulatory Division. Once registered, submit Agent information via NMLS under "Resident/Registered Agents" section.

  3. Step 3

    Financial Statements: Upload an Audited Financial Statement prepared by a Certified Public Accountant in accordance with Generally Accepted Accounting Principles dated within 90 days of your fiscal year end. Financial statements should include a Balance Sheet, Income Statement, Statement of Cash Flows, and all relevant notes thereto. If applicant is a start-up company, only an initial Statement of Condition is required. The Financial Statement must reflect the required minimum tangible net worth of $250,000. NOTE: Financial Statements are uploaded separately under the “Financial Statement” section of the filing tab. See the Financial Statement Quick Guide for instructions.

    Submitted via: Upload via NMLS under "Financial Statement Summary" section.

  4. Step 4

    Formation Documents: 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).

    Submitted via: Upload via NMLS via "Document Uploads", under "Formation Documents" subsection.

  5. Step 5

    Certificate of Authority/Good Standing Certificate: Upload a state-issued document (typically by the state’s Secretary of State office) demonstrating that the corporation or limited liability company (LLC) exists or is authorized to do business in the state.

    Submitted via: Upload via NMLS, under "Document Uploads" under "Certificate of Authority/Good Standing Certificate" subsection.

  6. Step 6

    Business Plan: Upload a business plan outlining marketing strategy, products, target markets and operating structure the applicant intends to employ.

    Submitted via: Upload via NMLS under "Document Uploads" section, under "Business Plan" subsection.

  7. Step 7

    Organizational Chart/Description: Upload an organizational chart if applicant is owned by another entity/entities or person, or has subsidiaries, or affiliated entities.

    Submitted via: Upload via NMLS under "Document Uploads", under "Organizational Chart/Description" subsection.

  8. Step 8

    Management Chart: Upload an organizational chart showing the applicant’s divisions, officers, and managers.

    Submitted via: Upload via NMLS under "Document Uploads", under "Management Chart" subsection.

  9. Step 9

    Surety Bond: Guam accepts single bond coverage. Submit an Electronic Surety Bond (ESB) via NMLS in the amount of $50,000.00 plus $50,000.00 for each licensed branch location and each MLO. Surety Bond must be furnished and submitted by a Surety Company authorized to conduct business in Guam. See the ESB Adoption Table and the ESB for NMLS Licensees page of the NMLS Recourse Center for more information. Note: Surety Bond submitted via "Document Upload" section will not satisfy this requirement.

    Submitted via: Submit Electronic Surety Bond (ESB) via NMLS under "Electronic Surety Bond Coverage by License Type".

  10. Step 10

    Fidelity Bond (Optional): Upload a fidelity bond in the amount of $50,000 and up to $100,000. The name of the principal insured on the bond must match exactly the Full Legal Name of applicant.

    Submitted via: Upload via NMLS under "Document Uploads", under "Fidelity Bond-State-Specific-Archive" subsection.

  11. Step 11

    Errors and Omissions: Upload proof of errors and omissions insurance protecting the applicant liability arising from a negligent act, error or omission in the performance of professional service.

    Submitted via: Upload via NMLS under "Document Uploads", under "Errors and Omissions" subsection.

  12. Step 12

    Debt Management Agreement: Upload a copy of the Debt Management Agreement between the company and consumer.

    Submitted via: Upload via "Document Uploads" section, under "Debt Management Agreement" subsection.

  13. Step 13

    Document Samples: Upload copies of documents used in the regular course of business in connection with certain license types as required by Guam (e.g., consumer disclosure forms, origination and/or loan modification forms).

    Submitted via: Upload via "Document Uploads" section, under "Document Samples" subsection.

  14. Step 14

    Trust Account Authorization: Upload a letter of authorization allowing the Guam Office of Banking and Insurance Commissioner to examine the trust accounts used for the purpose of holding funds belonging to others.

    Submitted via: Upload via NMLS under "Document Uploads" under "Additional Requirements" subsection.

  15. Step 15

    Memorandum of Tax Certification: Provide a completed certified stamped Tax Clearance Form I-9 showing all tax obligations to Guam have been paid. The Form I-9 Tax Clearance can be downloaded via the Government of Guam Forms website at www.govguamdocs.com (under the Department of Revenue and Taxation, under the Insurance, Securities, Banking and Real Estate (ISBRE) Branch. You will need to contact your Guam Registered Agent to Process to complete the Form I-9 in Guam at the Guam Department of Revenue and Taxation. A completed certified stamped Tax Clearance Form I-9 requires all four (4) stamped clearances on the bottom of the form, stamped cleared by the following branches located within the Guam Department of Revenue and Taxation: (1) Business Privilege Tax/Gross Revenue Tax (BPT/GRT) Branch (2) General Licensing/Business License Branch (3) Income Tax Assistance and Processing Branch (ITAPB) (4) Collection Branch Certified stamped Tax Clearance Form I-9 are required for new and renewal of license and are valid for 90 days. Incomplete Form I-9 Tax Clearance will delay the issuance of license.

    Submitted via: Once Resident/Registered Agent has completed the Form I-9 Tax Clearance in Guam, upload via NMLS under "Document Uploads", under "Additional Requirements" subsection.

  16. Step 16

    Qualifying Individual: An on-site manager is required to be appointed for all locations where the licensee conducts business with consumers. This individual may be referred to as the Branch Manager and must be listed as the "Qualifying Individual" on NMLS Company Form. His/her business address must match the address listed as the "Main Address" on the Company Form.

    Submitted via: Submit via NMLS under Qualifying Individual MU2 Associations.

  17. Step 17

    Credit Report: Individuals in a position of control are required to authorize a credit report through NMLS. Individuals will be required to complete an Identity Verification (IDV) along with an individual attestation before a license request for your company can be filed through NMLS. See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.

    Submitted via: Submit via NMLS under "Credit Report" section.

  18. Step 18

    Disclosure Questions: Provide an explanation for any “Yes” response. Upload a copy of any applicable orders or supporting documents in NMLS.

    Submitted via: Submit via NMLS under Qualifying Individual MU2 Associations.

General information

Who is required to have this license? Any company located within Guam that for a fee, compensation or gain takes, offers, negotiates, approves or disapproves the financing of a loan secured by a residential mortgage with respect to any dwelling that is located in Guam. Who does not need this license? • A person who meets the definition of a mortgage loan originator and is an employee of a depository institution or a subsidiary that is owned and controlled by a depository institution and regulated by a federal banking agency or Farm Credit Administration and is registered with and maintains a unique identifier through the NMLS. • A licensed attorney provided the activities are considered by the state’s court to be a part of the authorized practice of law within Guam and are carried out within an attorney-client relationship. • An owner of real property who in any twelve (12) consecutive month period makes no more than five (5) mortgage loans with respect to the real property sold. Prerequisites for license applications? • Net worth must be not less than $250,000 tangible assets. • Bond amount must be a minimum of $50,000 up to $100,000 for aggregate loans over $50,000,000. • Criminal background check – applicant is required to submit and pay all fees required for history background check. • Credit check – applicant shall authorize the NMLS to obtain applicant’s current credit report. • Experience – applicant shall provide personal history and experience and shall include officers, directors, managing members, partners, direct owners and executive officers of the company. • Testing – applicant shall pass qualified written test developed by NMLS and administered by a test provider approved by the NMLS within one year before the date of the filing of the application. • Education – applicant shall complete at least 20 hours of NMLS approved education including 3 hours of instruction on federal law and regulations, 3 hours of ethics including instructions on fraud, consumer protection fair lending, 2 hours training on lending standards for the nontraditional mortgage products and 2 hours Mortgage in General (18 GCA §36101). WHO TO CONTACT – Contact the licensing staff of the Guam Department of Revenue and Taxation, Regulatory Division, Office of the Banking and Insurance Commissioner/Insurance, Securities, Banking and Real Estate (ISBRE) Branch by phone at (671) 635-1844,1845, 1846, 7664, 7668, 7669 OR contact via e-mail at alice.cruz@revtax.guam.gov AND michele.rabago@revtax.guam.gov for additional assistance.

Other Guam mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated August 14, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.

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