Mortgage licensing / Idaho

Idaho Mortgage Broker/Lender License

company licence · NMLS IDBROKERLENDER_C · DOF

Requirements (15)

1. Step 1

   Military Member, Veteran, Spouse Status Documentation: Discharged/Retired Veteran Applicant: Upload a copy of the veteran’s DD Form 214 (member copy 4) or NGB -22 that confirms duration of active duty service AND type and condition of discharge under the Document Type Verification of Experience in the Document Uploads section of the Individual Form (MU2). Active Duty Applicant: Upload a copy of your current and valid military ID card under the Document Type Legal Name/Status Documentation in the Document Uploads section of the Individual Form (MU2). Spouse of Active Duty Member: Upload a copy of current and valid military dependent ID card and a copy of marriage certificate or other legal union documentation under the Document Type Legal Name/Status Documentation in the Document Uploads section of the Individual Form (MU2). Spouse of Discharged/Retired Veteran: Upload a copy of the veteran’s DD Form 214 (member copy 4) or NGB -22 that confirms duration of active duty service AND type and condition of discharge and a copy of marriage certificate or other legal union documentation under the Document Type Legal Name/Status Documentation in the Document Uploads section of the Individual Form (MU2). Email a copy of this checklist, with the Veteran Status Box above marked to mortgage@finance.idaho.gov in order to notify the Department an application has been filed with veteran priority qualifications. If the required documentation to substantiate veteran or spouse qualifications has NOT been uploaded, the application will be moved to date-order received.

   Submitted via: Email a copy of checklist with NMLS ID Number and Applicant Legal Name in subject line.

2. Step 2

   Financial Statements: Upload a financial statement prepared 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, and statement of cash flows and all relevant notes thereto, If applicant is a start-up company, only an initial statement of condition is required. Financial statements may be unaudited. Financial statements must be uploaded separately under the Filing tab and Financial Statement submenu link. See the Financial Statements Quick Guide for instructions.

   Submitted via: NMLS

3. Step 3

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

   Submitted via: NMLS

4. Step 4

   Formation Document: 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: NMLS

5. Step 5

   Document Samples: Upload copies of documents, contracts and agreements used in the regular course of business in connection with mortgage origination activity (e.g. consumer disclosure forms, origination and/or loan modification forms).

   Submitted via: NMLS

6. Step 6

   Certificate of Existence/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 and is authorized to do business in the state. Other Trade Name: All DBA’s used by the company at any location should be listed under Other Trade Names on the NMLS Company Form. The Idaho Department of Finance does not limit the number of dba’s. If the applicant will be operating under a name other than its legal name, at any location, such as a “dba” or “fictitious” name, upload a file-stamped copy of the Certificate of Filing ABN from the Idaho Secretary of State under the Trade Name/Assumed Name Registration Certificates document upload category.

   Submitted via: NMLS

7. Step 7

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

   Submitted via: NMLS

8. Step 8

   Disclosure Questions: Provide an explanation for any “Yes” response. Upload a copy of any applicable orders, detailed letters of explanation, and/or other supporting documents in NMLS. If the explanation refers to any specific action taken, offered, or challenged, the “proof” documents must be uploaded to validate the representation. A separate entry is required for each event that requires a “yes” response.

   Submitted via: NMLS

9. Step 9

   MU4/MLO Legal Name/Status Documentation—Mandatory for all MLO Applicants: Upload legal documentation of legal name or legal status. A certified copy of a birth certificate is acceptable if filing for an initial application; A divorce decree, marriage certificate, proof of ability to work in the U.S., or other court-approved legal name change order, etc., may be considered for a change in legal name. This document should be named [Document Name] (Ex., Birth Certificate, Marriage Certificate, etc.). Upload in NMLS under the Document Type Legal Name/Status Documentation in the Document Uploads section of the Individual Form (MU4). Note: A Driver’s License, Passport or Social Security Card will not be acceptable.

   Submitted via: NMLS

10. Step 10

    MU2 Individual FBI Criminal Background Check Requirements: The following Individuals, as specified below, on the Company Form (MU1) are required to authorize a FBI criminal background check (CBC) through NMLS. FBI Criminal Background Check: $36.25 per authorization Direct Owners • Any individual that owns, beneficially owns, has the right to vote, or has the power to sell or direct the sale of 10% or more of a class of voting security of the applicant or licensee. For purpose of this section, an individual beneficially owns any securities (i) owned by his/her child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, sharing the same residence; In the cases where the company is a partnership, all individuals that are general partners and those limited and special partners that have the right to receive upon dissolution, or have contributed, 10% or more of the partnership’s capital. Control Persons and Executive Officers • President, Executive Vice President, Senior Vice President, Treasurer, Secretary, or similarly elected or appointed senior corporate officers. • Individuals, regardless of title, who have the power, directly or indirectly, to direct the management or policies of a company by contract, or otherwise. Job description holds individual responsible for the operational, financial, information technology, compliance, and/or security functions of the company, including Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, Chief Legal Officer, Chief Credit Officer, Chief Compliance Officer, and individuals occupying similar positions or performing similar functions. Other required individuals include branch managers. After authorizing an FBI criminal background check through the submission of the Company Form (MU1) and Individual Form (MU2), you must schedule an appointment to be fingerprinted if new prints are required. See the Criminal Background Check section of the NMLS Resource Center for more information. Note: If you are able to ‘Use Existing Prints’ to process the FBI criminal background check, you DO NOT have to schedule an appointment. NMLS will automatically submit the fingerprints on file. Note: A control person who is also a licensed MLO is not required to authorize a separate CBC for the MU2 record. Foreign Background Check: For each control person who does not or has not resided in the United States for at least 5 years prior to the entity’s application for licensure, an investigative background report must be prepared by an independent search firm and submitted directly to the Idaho Department of Finance. At a minimum, the report must contain the following: (1) A comprehensive credit report/history; (2) Civil court and bankruptcy court records for the past 5 years, including a search of the court data in the country(ies), states, towns, where the individual resided and worked and in contiguous areas; and (3) Criminal records for the past 7 years, for any felonies, misdemeanors and violations including a search of court data in the country(ies) states, towns, where the individual resided and worked and in contiguous areas. The report(s) must be dated within 30 days of the application submission date. If the report(s) are prepared in any language other than English, a translation into English must be attached. The report(s) should be sent directly from the independent firm to the Idaho Department of Finance attention Mortgage Licensing, P.O. BOX 83720 Boise, ID 83720; or by email to Mortgage@finance.idaho.gov

    Submitted via: NMLS

11. Step 11

    MU2/CONTROL PERSON Credit Report Explanation: Submit a line by line, detailed letter of explanation of all derogatory credit accounts along with proof of payoffs/settlements, payment arrangements and evidence of payments made, or evidence of any formal dispute filed (documents must be dated). Accounts to address include, but are not limited to: collections items, charge offs (including those reflecting a zero balance but indicate transferred to another lender), accounts currently past due, accounts with serious delinquencies in the last 3 years, repossessions, loan modifications, etc. Note: Items regarding bankruptcy, foreclosure actions, outstanding judgments or liens, or delinquent child support payments should be addressed in the Disclosure Explanations section of your Individual Form (MU2) and/or (MU4). These items will not appear on a credit report. This document should be named Credit Report Explanations – document type (e.g. explanation, proof of satisfaction, payment history, etc.) – Document Creation Date.

    Submitted via: Upload in in NMLS: under the Document Type Credit Report Explanations in the Document Uploads section of the Individual Form (MU2) and/or (MU4).

12. Step 12

    Credit Report: Individuals in a position of control, including Branch Managers, are required to authorize a credit report through NMLS. Individuals will be required to complete an Identity Verification Process (IDV) along with an individual attestation before a license request for your company can be filed through NMLS. Control Persons must also meet the requirements of Idaho’s Financial Responsibility Policy Statement which may be obtained at http://finance.idaho.gov. Credit Report: $15 per authorization

    Submitted via: NMLS

13. Step 13

    Bank Account: Bank account information must be completed with company’s Letter/Line of Credit, Operating, and/or Trust Primary accounts.

    Submitted via: NMLS

14. Step 14

    Resident/Registered Agent: The Resident/Registered Agent section of the NMLS Company Form should be completed with the information currently on record with the Idaho Secretary of State.

    Submitted via: NMLS

15. Step 15

    DISCLOSURE QUESTION G When answering in the affirmative to Disclosure Questions G, the company must provide a spreadsheet of current pending financial services-related civil actions. The spreadsheet must be updated annually prior to the renewal of the license. A blanket statement of pending litigation is not acceptable. DISCLOSURE QUESTION(S) 23b and 24b When answering in the affirmative to Disclosure Questions 23b or 24b, each MU2 individual must provide a spreadsheet of current pending financial services civil actions. The spreadsheet must be updated annually prior to the renewal of the license. A blanket statement of pending litigation or reference to the documents uploaded to the MU1 filing is not acceptable.

    Submitted via: NMLS

General information

Other Idaho mortgage licenses

• Mortgage Broker/Lender License
• Mortgage Loan Originator License
• All 3 Idaho licenses

Sourced from the NMLS/CSBS state licensing record, last updated June 30, 2026. Requirements change — confirm against the state agency before filing. Not legal advice.