Reglith

Mortgage licensing / Nevada

Nevada Mortgage Company License

company licence · NMLS NVBROKER_C · MLD

Legal Description: A Nevada Mortgage Company License is a license issued by the Nevada Division of Mortgage Lending that authorizes a person or entity to engage in mortgage-related business activities involving loans secured by real property located in Nevada.

Requirements (21)

  1. Step 1

    Nevada In-State Office Requirement: If the applicant directly (a) takes or receives an application from, or (b) negotiates any terms with, a borrower relating to a loan which will be secured by a lien on real property, it is required to obtain a license for its corporate office and, if its corporate office is not located in Nevada, it must submit the Branch Form (MU3) to obtain a branch license for an office located in Nevada. A mortgage company that only acts as a “wholesale lender” and does not directly do (a) or (b) above, is not required to have a licensed location in Nevada.

    Submitted via: NMLS

  2. Step 2

    Other Trade Name: Fictitious business names used in the Applicant’s mortgage business should be listed under Other Trade Names on the MU1 form. A licensee may not conduct business in any name other than the name approved by the Commissioner. A fictitious or assumed name filing is required from the applicable local jurisdiction. Note: A licensee may have one fictitious name per license. If a licensee wishes to conduct business using additional fictitious names, a separate license must be applied for and obtained under each additional fictitious name.

    Submitted via: NMLS - Upload under Document Type “Trade Name/Assumed Name Registration Certificates” section of the Company (MU1) Form

  3. Step 3

    Resident/Registered Agent: The Resident/Registered Agent section of the MU1 form should be completed with the information currently on record with the Nevada Secretary of State. If you have not yet registered with the Secretary of State, list the individual named as the Contact Person for the company on the MU1 form. Amend the MU1 filing after a registered agent is secured.

    Submitted via: NMLS

  4. Step 4

    Bank Account: Provide information for the Applicant’s account(s) on the Bank Account Information section of the MU1 form.

    Submitted via: NMLS

  5. Step 5

    Qualifying Employee: Complete and upload the Designation of Qualified Employee form with required attachments for the QE of the main office location. A Qualified Employee must; • be licensed in good standing as a mortgage loan originator, • be designated by the mortgage company to act on behalf of the mortgage company and to supervise the conduct of the business of the mortgage company and mortgage loan originators associated with or employed by the mortgage company, • be present at the licensed office location for which he or she is the qualified employee the majority of the time that the office is open to the public, • provide proof of 24 months verifiable experience in the business of lending money for real estate mortgages within the last 5 years. If the designated Qualified Employee is deemed ineligible or the employment relationship with the licensee is terminated, the licensee must designate a new Qualified Employee within 30 days. Click here to download form. Note: One Qualified Employee is required for each location to be licensed.

    Submitted via: NMLS - Upload under Document Type “Additional Requirements” section of the Company (MU1) Form.

  6. Step 6

    Credit Report: Each control person is 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.

    Submitted via: NMLS

  7. Step 7

    MU2 Individual FBI Criminal Background Check Requirements: The following Individuals, as specified below, on the Company Form (MU1) are required to authorize an FBI criminal background check (CBC) through NMLS. Direct Owners • A Control Person means: (a) An executive officer, director, general partner, trustee, member, qualified employee or shareholder of a mortgage company, licensee or applicant; or (b) A person who is authorized to participate in direct or indirect control of the management or policies of a mortgage company, licensee or applicant. Executive Officers • An Executive Officer means an officer, manager, partner or managing member of a mortgage company, licensee or applicant. The term includes, without limitation, a chief executive officer, president, vice president, chief financial officer, chief operating officer, chief legal officer, controller or compliance officer, or a natural person who holds any similar position. Shareholders • A Shareholder includes any person that owns, or is authorized to vote directly or indirectly, 10 percent or more of a class of voting securities or voting interest of a mortgage company, applicant or licensee.

    Submitted via: NMLS

  8. Step 8

    Financial Statements: Upload a financial statement, dated not earlier than the last day of the applicant’s fiscal year, or if the applicant is within the first year of formation, a Statement of Financial Condition, dated the most recent month end that demonstrates that the applicant meets the minimum net worth requirement. Note: newly formed companies may provide profit and loss balance sheets in lieu of financial statements.

    Submitted via: NMLS

  9. Step 9

    Business Plan: Complete and upload the business plan document and all required attachments. Click here to download form.

    Submitted via: NMLS

  10. Step 10

    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 the company is a partnership of any form).

    Submitted via: NMLS - Upload under the Document Type “Formation Document” in the Document Uploads section of the Company Form (MU1).

  11. Step 11

    Management Chart: Upload a Management chart displaying the applicant’s directors, officers, and managers (individual name and title).

    Submitted via: NMLS _ Upload under the Document Type “Management Chart” in the Document Uploads section of the Company Form (MU1). This document should be named [Company Legal Name] Management Chart.

  12. Step 12

    Organizational Chart/Description: Upload a chart showing the percentage of ownership of (or a description which includes): • Direct Owners (total direct ownership percentage must equate to 100%) • Indirect Owners • Subsidiaries and Affiliates of the applicant/licensee

    Submitted via: NMLS - Upload under the Document Type “Organizational Chart/Description” in the Document Uploads section of the Company Form (MU1). This document should be named [Company Legal Name] Organizational Chart/Description.

  13. Step 13

    Electronic Surety Bond: Refer to the Electronic Surety Bonds section found in “Resources & Support” under “Company Quick Guides” on the NMLS Resource Center.

    Submitted via: NMLS

  14. Step 14

    Surety Bond Requirements Table Annual Loan Production Bond Amount $20,000,000 or Less $50,000 More than $20,000,000 $75,000 Note: Surety bonds submitted via the Document Uploads section will not satisfy this requirement.

  15. Step 15

    Request for NV Secretary of State approval memorandum: Email a request including the name of the applicant to the Licensing Unit at mldlicensing@mld.nv.gov. An approval e-mail will be sent to the contact person listed on the MU1. The Secretary of State, Commercial Filings Division’s website may be accessed for additional information at http://nvsos.gov.

    Submitted via: NMLS

  16. Step 16

    Local Business License: Upload a copy of an appropriate municipal business license in the applicant company’s name, if applicable, or an application stamped as received by the local licensing authority.

    Submitted via: NMLS - Upload under Document Type “Certificate of Authority/Good Standing Certificate” in the Document Uploads section of the Company (MU1) Form. This document should be named [NV Local Business License].

  17. Step 17

    Request for Local License approval memorandum: Email a request including the name of the applicant for licensure to the Licensing Unit at mldlicensing@mld.nv.gov. An approval e-mail will be sent to the contact person listed on the MU1.

    Submitted via: Attached

  18. Step 18

    Office Lease: Attach or upload a fully executed lease in the company’s name for the office location to be licensed. Leases must be executed by an officer of the company. Note: Additional information concerning the location to be licensed may be requested. Virtual offices, shared space locations, desk rentals, and/or home-based locations are prohibited.

    Submitted via: NMLS - Upload under Document Type “Additional Requirements” section of the Company (MU1) Form.

  19. Step 19

    Office Location Pictures: Upload photographs showing the following, • the street address on building, • sign/directory of office number with licensee’s name, • proof of separate locking entrance (door ajar), • the office interior, and office door signage.

    Submitted via: NMLS - Upload to the “Additional Requirements” section of the Company (MU1) Form.

  20. Step 20

    Non-Primary Contact Employees: The Nevada Division of Mortgage Lending requires that an individual(s) be identified as a Non-Primary Contact for the following area. These contacts must be listed in the Contact Employees section of the Company Form (MU1). • Licensing • MCR

    Submitted via: NMLS

  21. Step 21

    Information Security Program: Companies must maintain an Information Security Program.

    Submitted via: NMLS: Upload to the Business Plan section

General information

Who is required to have this license? A mortgage company license is required for any person that, directly or indirectly, does any of the following: • Holds himself or herself out for hire to serve as an agent for any person in an attempt to obtain a loan which will be secured by a lien on real property; • Holds himself or herself out for hire to serve as an agent for any person who has money to lend, if the loan is or will be secured by a lien on real property; • Holds himself or herself out as being able to make loans secured by liens on real property; • Holds himself or herself out as being able to buy or sell notes secured by liens on real property; • Offers for sale in this State any security which is exempt from registration under state or federal law and purports to make investments in promissory notes secured by liens on real property; or • Holds himself or herself out as a wholesale lender. A “wholesale lender” means any person that engages in activities (b), (c), or (d) above, but does not directly: • Take or receive an application from a borrower for a loan that will be secured by a lien on real property; or • Negotiate any terms with a borrower relating to a loan which will be secured by a lien on real property. Note: “real property” includes residential and/or commercial property. Note: Any natural person who engages in any of the above activities on behalf of a mortgage company, including its officers, directors, shareholders, and qualified employees, must also obtain and maintain a mortgage loan originator license. Who Is Not Required to Hold a Mortgage Company License? Except as otherwise provided in NRS 645B.016, the provisions of the NRS 645B do not apply to the following: • • Any person doing business under the laws of this State, any other state or the United States relating to banks, savings banks, trust companies, savings and loan associations, industrial loan companies, credit unions, thrift companies or insurance companies, including, without limitation, a subsidiary or a holding company of such a bank, company, association or union. • A real estate investment trust, as defined in 26 U.S.C. § 856, unless the business conducted in this State is not subject to supervision by the regulatory authority of another jurisdiction, in which case licensing pursuant to this chapter is required. • An employee benefit plan, as defined in 29 U.S.C. § 1002(3), if the loan is made directly from money in the plan by the plan’s trustee. • An attorney at law rendering services in the performance of his or her duties as an attorney at law. • A real estate broker rendering services in the performance of his or her duties as a real estate broker. • Any person doing any act under an order of any court. • Any one natural person, or husband and wife, who provides money for investment in commercial loans secured by a lien on real property, on his or her own account, unless such a person makes a loan secured by a lien on real property using his or her own money and assigns all or a part of his or her interest in the loan to another person, other than his or her spouse or child, within 3 years after the date on which the loan is made or the deed of trust is recorded, whichever occurs later. • Agencies of the United States and of this State and its political subdivisions, including the Public Employees’ Retirement System. • A seller of real property who offers credit secured by a mortgage of the property sold. • A nonprofit agency or organization that meets the requirements of NRS 645B.015(11)(a-f). • A housing counseling agency approved by the United States Department of Housing and Urban Development. Pre-Licensing Requirements An applicant must complete and submit the Company Form (MU1) application through NMLS and upload the following documentation before the Division will accept an application: • Minimum Net Worth: Applicants that do not maintain trust accounts described in NRS 645B.115, must demonstrate and maintain a positive net worth, as calculated in accordance with GAAP. Applicants that maintain accounts described in NRS 645B.175, must demonstrate and maintain net worth in the following amount based upon the average monthly balance of the accounts: Average Monthly Balance Minimum Net Worth $100,000 or less $25,000 $25,000 More than $100,000 but not more than $250,000 $50,000 $50,000 More than $250,000 but not more than $500,000 $100,000 $100,000 More than $500,000 but not more than $1,000,000 $200,000 $200,000 More than $1,000,000 $250,000 $250,000 2. Surety Bond Amount: Tiered based upon annual Nevada loan production Loan Production Volume Bond Amount Required $20,000,000 or less $50,000 More than $20,000,000 $75,000 • Criminal Background Check: Required for each principal, partner, member, trustee, officer, director, and shareholder owning 10% or more (“control persons”) 4. Credit Check: Required for all control persons. 5. Experience: An applicant must have, within the 5 years immediately preceding the date of his or her application, 24 months of verifiable experience in lending money for real estate or mortgages. 6. Qualified Employee: Must designate a Qualified Employee that is a licensed Nevada Mortgage Loan Originator in good standing and meets the requirements in NAC 645B.055. • In-State Office Requirement • If the company directly receives applications or negotiates loan terms with borrowers, it must license: • Its corporate office, and • If the corporate office is outside Nevada, also submit a Branch (MU3) Form to license a Nevada branch location. • Wholesale lenders that do not perform these direct activities are not required to maintain a physical office in Nevada. Additional Licensing Requirements • CPA/AG Assessment: The Division charges an annual fee to cover costs associated with its CPA services and legal support from the Nevada Attorney General’s Office. This fee is subject to change each year. Jurisdiction-Specific Documents: All documents listed in the jurisdiction checklist must be uploaded through NMLS within five (5) business days of application submission. In-State Office: If the applicant directly (a) takes or receives an application from, or (b) negotiates any terms with a borrower relating to a loan which will be secured by a lien on real property, is required to obtain a license for its corporate office and, if its corporate office is not located in Nevada, it must submit the Branch Form (MU3) to obtain a branch Nevada qualifying location license for an office located in Nevada. A mortgage company that only acts as a “wholesale lender” and does not directly do (a) or (b) above, is not required to have a licensed location in Nevada. Agency-specific requirements must be uploaded within 5 business days of the electronic submission of your application through NMLS. Important: All fees are paid through NMLS and are non-refundable.

Other Nevada mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated March 26, 2026. Requirements change — confirm against the state agency before filing. Not legal advice.

Stop missing the rule that costs you a loan.