Mortgage Companies and Mortgage Loan Originators
The Division of Banks licenses mortgage lenders and brokers, and mortgage loan originators, pursuant to Massachusetts General Laws chapter 255E and its implementing regulations found at 209 CMR 42.00 et seq and Massachusetts General Laws chapter 255F and its implementing regulations found at 209 CMR 41.00 et seq, respectively. Applicants for a license to become a mortgage lender or broker, or mortgage loan originator should carefully review all laws, regulations, and regulatory bulletins governing mortgage companies prior to submitting an application through the Nationwide Mortgage Licensing System.
MASSACHUSETTS STATUTES, REGULATIONS AND GUIDANCE PERTAINING TO MORTGAGE LENDERS, MORTGAGE BROKERS & MORTGAGE LOAN ORIGINATORS
M.G.L.c. 255E: Licensing of Mortgage Lenders and Mortgage Brokers
209 CMR 32.00: Disclosure Of Consumer Credit Costs And Terms
209 CMR 42.00: The Licensing of Mortgage Lenders and Mortgage Brokers
209 CMR 48.00: Licensee Record Keeping
940 CMR 8.00: Office of the Attorney General Regulations for Mortgage Lenders and Mortgage Brokers
Regulatory Bulletin 5.2-101 Bond Requirements for Licensed Mortgage Lenders and Mortgage Brokers
(Revisions to Regulatory Bulletin 5.2-101 currently proposed for public comment)
Regulatory Bulletin 5.1-102 Experience Requirements for Mortgage Lender and Mortgage Broker Licensing
Chapter 44 of the Acts of 2009: Mortgage Loan Originator Licensing
209 CMR 41.00: The Licensing of Mortgage Loan Originators
Regulatory Bulletin 5.1-105 Educational Requirements for Mortgage Loan Originators (Rescinded effective September 16, 2009)
Mortgage Lender/Mortgage Broker Licensing FAQ's
Chapter 44 FAQs
TO APPLY FOR A MORTGAGE LENDER OR MORTGAGE BROKER LICENSE
Mortgage Broker and Mortgage Lender Annual Reporting Requirements
Companies wishing to apply for a license in Massachusetts must file an application through NMLS
Nationwide Mortgage Licensing System
Click here to access NMLS
TO APPLY FOR A MORTGAGE LOAN ORIGINATOR LICENSE
Individuals wishing to apply for a license in Massachusetts must file an application through NMLS
Nationwide Mortgage Licensing System
Click here to access NMLS
Education and Testing
Approved Loan Originator Education Courses
To Renew a License
Mortgage Company Renewal Process
Information for Mortgage Companies Regarding Mortgage Loan Originator Process
Mortgage Loan Originator Renewal Process