Ohio Finance Licensing
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 Ohio.
Company Licenses
Ohio Financial Services Company Licenses
Ohio Check-Cashing Branch License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $500; 7/1-12/31 = $250) + $250 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $500 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Check-Cashing License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $250 investigation fee + $500 license fee if issued between January 1 and June 30, $250 license fee if issued between July 1 and December 31. |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $500 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Collection Agency License
Not required
Debt Collection Agency licensure is not required on the State level in Ohio.
Ohio does not currently issue licenses for collection agencies.
Ohio Consumer Installment Loan Act Branch License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $200 application fee + $300 license/registration fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Consumer Installment Loan Act License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Law: | |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $300 license fee + $200 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Annually by December 31. |
Ohio Credit Services Organization Branch Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $0 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Credit Services Organization Certificate of Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $100 license/registration fee + $36.25 background check fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $100 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio General Loan Law (GLL) Certificate of Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Law: | |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $300 license fee + $200 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Annually by December 31. |
Ohio General Loan Law Branch Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $300 license/registration fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Insurance Premium Finance Branch License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $375; 7/1-12/31 = $187.50) + $200 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $375 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Insurance Premium Finance License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $375; 7/1-12/31 = $187.50) + $200 investigation fee + $36.25 background check fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $375 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Money Transmitter License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $5000 application fee + $36.25 background check fee + $0.25 fee per agent per year |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: |
|
Ohio Precious Metals Dealer Branch License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $300; 7/1-12/31 = $150) + $200 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Precious Metals Dealer License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $300; 7/1-12/31 = $150) + $200 investigation fee + $36.25 background check fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Residential Mortgage Lending 501(c)(3) Nonprofit Organization Branch Exemption Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $20 NMLS processing fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Residential Mortgage Lending 501(c)(3) Nonprofit Organization Company Exemption Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $100 NMLS processing fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Residential Mortgage Lending Act Branch Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $20 + $700 license/registration fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $700 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Residential Mortgage Lending Act Certificate of Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $100 + $700 license/registration fee + $15 credit report fee + $36.25 background check fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $700 |
| Due: | Annually by December 31. |
Ohio Residential Mortgage Lending Act Letter of Exemption
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $100 + $350 license/registration fee + $15 credit report fee + $36.25 background check fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $350 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Residential Mortgage Lending Act Letter of Exemption Branch Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $350 license/registration fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $350 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Short-Term Lender Branch License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $1000; 7/1-12/31 = $500) + $200 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $1,000 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Short-Term Lender License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $1000; 7/1-12/31 = $500) + $200 investigation fee + $15 credit report fee + $36.25 background check fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $1,000 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Short-Term Nonprofit Lender Branch License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $500; 7/1-12/31 = $250) + $200 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $500 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Short-Term Nonprofit Lender License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | License/registration fee (1/1-6/30 = $500; 7/1-12/31 = $250) + $200 investigation fee + $15 credit report fee + $36.25 background check fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $500 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Small Loan Branch License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $300 license/registration fee + $200 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Ohio Small Loan License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Law: | |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $300 license fee + $200 investigation fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $300 |
| Due: | Annually by December 31. |
Ohio Third Party Processing and/or Underwriting Company Exemption Registration
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
| Foreign Qualification is Prerequisite: | Yes |
| Registered Agent (Special Agency) Required? | Yes |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $100 NMLS processing fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $0 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
Individual Licenses
Ohio Individual Financial Services Licenses
Ohio Mortgage Loan Originator License
| Agency: | Ohio Department of Commerce - Department of Financial Institutions - Consumer Finance Section |
Initial Registration
| Instructions: | |
| Filing Method: | |
| Agency Fee: | $30 + $200 application fee + $15 credit report fee + $36.25 background check fee |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $200 |
| Due: | Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1. |
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