50-State Financial Services Licensing Compliance Guide
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New Jersey Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in New Jersey.

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Company Licenses

New Jersey Financial Services Company Licenses

New Jersey Collection Agency Bond Registration

Agency:New Jersey Department of the Treasury - Division of Revenue and Enterprise Services
Bond Requirements:

$5,000

Notes:

New Jersey does not issue collection agency licenses but instead requires agencies to submit a bond registration every year.

Initial Registration

Form:

Collection Agency Bond Application

Agency Fee:

$25

Notarization Required?:Required

Registration Renewal

Form:

Collection Agency Bond Application (Renewal)

Agency Fee:

$25

Due:

Annually by the anniversary of initial registration.

Notarization Required?:Required

New Jersey Correspondent Residential Mortgage Lender Branch License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1,020

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Correspondent Residential Mortgage Lender License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1300 + $36.26 background check

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Exempt Mortgage Company Branch Registration

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $500 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Exempt Mortgage Company Registration

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $500 application fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Federal Contract Student Loan Servicer Branch License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$5000 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Federal Contract Student Loan Servicer License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$5000 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Mortgage Servicer Branch License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $1000 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$3,000

Due:

Licenses initially expire at the end of the calendar year in which they were issued (except for licenses issued in November or December which remain valid through the following year). After the first renewal, licenses must be renewed every 3 years by December 31.

New Jersey Mortgage Servicer License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1000 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$3,000

Due:

Licenses initially expire at the end of the calendar year in which they were issued (except for licenses issued in November or December which remain valid through the following year). After the first renewal, licenses must be renewed every 3 years by December 31.

New Jersey Registered Depository Institution Branch License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $200 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Registered Depository Institution License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1200 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Residential Mortgage Broker Branch License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1,020

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Residential Mortgage Broker License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1300 + $36.26 background check

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Residential Mortgage Lender Branch License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1,020

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Residential Mortgage Lender License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1300 + $36.26 background check

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey RMLA-Licensed Mortgage Servicer Branch Registration

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey RMLA-Licensed Mortgage Servicer Registration

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

New Jersey Student Loan Servicer Branch License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$5000 license fee + $5000 investigation fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$5,500

Due:

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

New Jersey Student Loan Servicer License

Agency:New Jersey Department of Banking & Insurance - Banking Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$5000 license fee + $500 investigation fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$5,500

Due:

Annually by December 1.

Individual Licenses

New Jersey Individual Financial Services Licenses

New Jersey Mortgage Loan Originator License

Agency:New Jersey Department of Banking & Insurance - Banking Division

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $150 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

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