Reglith

Mortgage licensing / Maine

Maine Student Loan Servicer Branch

branch licence · NMLS MESTUDENTLNSERVICER_B · BCCP

Requirements (7)

  1. Step 1

    Other Trade Names: If this branch is 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 both the Branch Form (MU3) and the Company Form (MU1). Maine does not limit the number of other trade names. If operating under an “Other Trade Name”, upload the approval from the Maine Secretary of State proving the other trade name has been registered.

    Submitted via: NMLS 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

    Credit Report: Branch Managers 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. This authorization is made when the Individual Form (MU2) is submitted as part of the Branch Form (MU3). See the Credit Report section of the NMLS Resource Center for more information

    Submitted via: NMLS

  3. Step 3

    MU2 Individual FBI Criminal Background Check Requirements: Branch Managers are required to authorize a FBI criminal background check (CBC) through NMLS. After authorizing a 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.

    Submitted via: NMLS

  4. Step 4

    Submission of Branch Form (MU3): Complete and submit the Branch Form (MU3) in NMLS. This form serves as the application for the license through NMLS.

    Submitted via: NMLS

  5. Step 5

    Branch Manager: A Branch Manager must be designated for each licensed location. A Branch Manager is defined as an individual whose principal office is physically located in, who is in charge of, and who is responsible for the business operations of a branch office. Branch Manager (MU2) Attestation: Complete the Individual Form (MU2) in NMLS. This form must be attested to by the applicable branch manager before it is able to be submitted along with the Branch Form (MU3).

    Submitted via: NMLS

  6. Step 6

    Credit Report Explanations Submit a written explanation for any material derogatory credit information reflected in the credit report. Include supporting documentation, if applicable Accounts to address include, but are not limited to: collections items, charge offs, 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). This document should be named Credit Report Explanations – Sub Name – Document Creation Date.

    Submitted via: NMLS

  7. Step 7

    Loan Records Provide all locations where loan records are stored.

General information

Who Is Required to Have This License? This licensing requirement applies to a person or entity that services student loans owed by Maine residents. Servicing includes receiving payments from a student loan borrower and applying those payments to the balance on an educational loan. Some exceptions apply; e.g., banks and credit unions. See Maine law, title 9-A Article 14 for more information. This license should only be applied for by a company that also holds or is applying for the Student Loan Servicer (Company License). Activities Authorized Under This License This license authorizes the following activities… • Servicing student loans Pre-Requisites for License Applications • None prior to submitting the application. After application is submitted, the applicant must meet financial and business experience, character and general fitness guidelines. The Maine Bureau of Consumer Credit Protection does not issue paper licenses for this license type.

Other Maine mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated July 14, 2026. Requirements change — confirm against the state agency before filing. Not legal advice.

Stop missing the rule that costs you a loan.