Mortgage licensing / South Dakota
South Dakota Exempt Mortgage Company Registration
company licence · NMLS SDEXEMPT_C · DOB
Requirements (8)
Step 1
Certificate of Authority/Good Standing Certificate: Upload a state issued document (typically by the state’s Secretary of State office) dated not more than 60 days prior to the filing of an application through NMLS. If applicable, upload proof that Other Trade Names (DBA’s) were registered as required in your home state or registered with the South Dakota Secretary of State.Submitted via: Upload via Document Upload Section of MU1
Step 2
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: Upload via Document Upload Section of MU1
Step 3
Management Chart: Upload an organizational chart showing the applicant’s divisions, officers, and managers. Proof of Exemption: Please cite the statutory provision in South Dakota law under which your company is claiming an exemption from licensure and the reason for your exemption. Upload the document in NMLS.Submitted via: Upload via Document Upload Section of MU1
Step 4
Organizational Ownership Chart/Description: Upload an organizational chart if applicant is owned by another entity or entities or person, or has subsidiaries or affiliated entities.Submitted via: Upload via Document Upload Section of MU1
Step 5
Surety Bond: See the License Requirements and Fees Chart on the NMLS Resource Center for details related to this Requirement.Submitted via: NMLS
Step 6
Other Trade Name: DBA’s should be listed under Other Trade Names on the NMLS Company Form. The South Dakota Division of Banking does not limit the number of dba’s. However, all dba’s must be registered with the South Dakota Secretary of State. Please provide proof the dba name(s) are registered with the South Dakota Secretary of State. Upload documents with Certificate of Authority.Submitted via: N/A
Step 7
Resident/Registered Agent: The Resident/Registered Agent section of the NMLS Company Form should be completed with the information currently on record with the South Dakota Secretary of State.Submitted via: N/A
Step 8
Disclosure Questions: Provide an explanation for any “Yes” response. Upload a copy of any applicable orders or supporting documents in NMLS.Submitted via: N/A
General information
Who may request an Exempt Mortgage Company Registration?
This registration is optional and may be held by any company that is exempt from licensure under South Dakota Codified Laws (SDCL) 54-14-21 but employs individuals required to hold a Mortgage Loan Originator License under SDCL 54-14-13.
Companies registering through NMLS with the South Dakota Division of Banking must agree to abide by NMLS requirements, including attesting to the accuracy of the information submitted, agreeing to keep it updated through NMLS, and annually renewing the registration through the NMLS Streamlined Renewal Process.
Other South Dakota mortgage licenses
- Mortgage Branch Registration
- Mortgage Brokerage License
- Mortgage Lender License
- Mortgage Loan Originator License
- Non-Residentital Mortgage Lender License
- All 6 South Dakota licenses
Sourced from the NMLS/CSBS state licensing record, last updated May 11, 2026. Requirements change — confirm against the state agency before filing. Not legal advice.