Minnesota Department of Commerce - Financial Institutions Division


Please Note

We are a service company that can help you file with the Minnesota Department of Commerce - Financial Institutions Division. We are not associated with this nor any other government agency. We offer paid services and software to help you file. You are not required to purchase our service to file - you may file directly with this agency without using our service.


Contact Information

Phone: (651) 539-1570

Web: Home Name search
Email: NonDepositoryInstitutions.Commerce@state.mn.us

Licenses

We track the following licenses with the Minnesota Department of Commerce - Financial Institutions Division in order to provide compliance services to our clients. As a client, you see this and other Compliance Core™ data in License Manager in-line with your licenses.

A laptop placed on a desk with our License Manager software on display

Minnesota Accelerated Mortgage Payment Provider License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$250 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

While this is a perpetual license, it must be attested to annually by December 31 in NMLS.

Minnesota Consumer Small Loan Lender Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$250 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

While this is a perpetual license, it must be attested to annually by December 31 in NMLS.

Minnesota Consumer Small Loan Lender License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$250 license fee per headquarters + $250 license fee per branch

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

While this is a perpetual license, it must be attested to annually by December 31 in NMLS.

Minnesota Credit Services Organization License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Annually by December 31.

Notes:

CSOs must renew their NMLS registration and, separately, renew their license.

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000

Due:

Annually by June 30.

Notes:

CSOs must renew their NMLS registration and, separately, renew their license.

Minnesota Currency Exchange Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 application fee + $500 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

You will be invoiced for a renewal fee. Remit your payment through NMLS after you receive the invoice.

Due:

Annually by September 1.

Minnesota Currency Exchange License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 application fee + $500 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Annually by September 1.

Minnesota Currency Exchange Registration

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

You will be invoiced for a renewal fee. Remit your payment through NMLS after you receive the invoice.

Due:

Annually by September 1.

Minnesota Debt Management Services Provider Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

Annually by December 1.

Minnesota Debt Management Services Provider Company License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Annually by December 1.

Minnesota Debt Settlement Services Provider Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

Annually by December 1.

Minnesota Debt Settlement Services Provider Company License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Annually by December 1.

Minnesota Electronic Financial Terminal License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

While this is a perpetual license, it must be attested to annually by December 31 in NMLS.

Minnesota Industrial Loan and Thrift Company Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$750 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

While this is a perpetual license, it must be attested to annually by December 31 in NMLS.

Minnesota Industrial Loan and Thrift Company License - Depository

Agency:Minnesota Department of Commerce - Financial Institutions Division

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

While this is a perpetual license, it must be attested to annually by December 31 in NMLS.

Minnesota Industrial Loan and Thrift Company License - Non Depository

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1500 license fee per HQ + $750 license fee per branch

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

While this is a perpetual license, it must be attested to annually by December 31 in NMLS.

Minnesota Insurance Premium Finance Company License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$250 application fee + $200 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Annually by May 31.

Minnesota Money Transmitter License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $4000 license/registration fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$2,500

Due:

Annually by December 1.

Minnesota Mortgage Loan Originator License

Agency:Minnesota Department of Commerce - Financial Institutions Division

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $90 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.

Minnesota Mortgage Originator or Servicer Branch Registration

Agency:Minnesota Department of Commerce - Financial Institutions Division

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Minnesota Motor Vehicle Sales Finance Company Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$125

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Annually by June 30.

Minnesota Motor Vehicle Sales Finance Company License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$250 license/registration fee + $125 fee per branch

Registration Renewal

Filing Method:

Online

Agency Fee:

$250 per location

Due:

Annually by June 30.

Minnesota Regulated Loan Company Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$250 license fee + $500 investigation fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Annually by December 1.

Minnesota Regulated Loan Company License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$250 license fee + $500 investigation fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Annually by December 1.

Minnesota Residential Mortgage Originator Certificate of Exemption

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$200

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 15 of each year. Licensees are recommeded to renew by December 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Minnesota Residential Mortgage Originator License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1000 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 1.

Minnesota Residential Mortgage Servicer Certificate of Exemption

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$200

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 15 of each year. Licensees are recommeded to renew by December 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Minnesota Residential Mortgage Servicer License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$600

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 1.

Minnesota Residential PACE Administrator Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.

Minnesota Residential PACE Administrator License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 1.

Minnesota Student Loan Servicer - Federal Contract

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license/investigation fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.

Minnesota Student Loan Servicer Branch License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license/investigation fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.

Minnesota Student Loan Servicer License

Agency:Minnesota Department of Commerce - Financial Institutions Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license/investigation fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 15.

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