50-State Financial Services Licensing Compliance Guide
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Washington 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 Washington.

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Company Licenses

Washington Financial Services Company Licenses

Washington Check Casher Branch License
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $345 application fee + $15 credit report 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.

Washington Check Casher License
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $690 application fee + $15 credit report 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.

Washington Check Casher with Small Loan Endorsement Branch License
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $517.50 application fee + $15 credit report 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.

Washington Check Casher with Small Loan Endorsement License
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1035 application fee + $15 credit report 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.

Washington Collection Agency Branch Endorsement
Agency:Washington Department of Revenue - Business Licensing Service
Bond Requirements:

$5,000 surety bond for each location.

Initial Registration
Form:

Business License Application and Collection Agency Addendum

Agency Fee:

$19 business license fee + $550 endorsement fee.

Registration Renewal
Filing Method:

Online

Agency Fee:

$550

Due:

Annually by the date of initial issuance.

Washington Collection Agency Endorsement
Agency:Washington Department of Revenue - Business Licensing Service
Bond Requirements:

$5,000 surety bond.

Initial Registration
Form:

Business License Application and Collection Agency Addendum

Agency Fee:

$19 business license fee + $850 endorsement fee.

Registration Renewal
Filing Method:

Online

Agency Fee:

$850

Due:

Annually by the date of initial issuance.

Washington Consumer Loan Branch Office License
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$604.46

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.

Washington Consumer Loan Company License
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1162.21 + $15 credit report fee + $36.26 background check 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.

Washington Currency Exchanger License
Agency:Washington Department of Financial Institutions
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 + $36.26 background check fee + $0.25 fee per agent per year + $100 fee per additional location

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.

Washington Exempt Consumer Loan Registration
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $20 fee per additional location

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.
Washington Exempt Mortgage Broker Registration
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 NMLS processing 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.
Washington Money Transmitter License
Agency:Washington Department of Financial Institutions
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 + $36.26 background check fee + $0.25 fee per agent per year + $100 fee per additional location

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.

Washington Mortgage Broker Branch Office License
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$205

Registration Renewal
Filing Method:

Online

Agency Fee:

$530

Due:

  • Annually by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.
Washington Mortgage Broker License
Agency:Washington Department of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1001 + $15 credit report fee + $36.26 background check fee

Registration Renewal
Filing Method:

Online

Agency Fee:

$530

Due:

  • Annually by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.
Washington Out-of-State Collection Agency Branch Endorsement
Agency:Washington Department of Revenue - Business Licensing Service
Bond Requirements:

$5,000 surety bond for each location.

Initial Registration
Form:

Business License Application and Collection Agency Addendum

Agency Fee:

$19 business license fee + $275 endorsement fee.

Notes:

The endorsement fee for an out-of-state license is waived if the state where the collection agency (main or branch office) is located requires a license or registration but does not require a fee for similar out-of-state collection agencies.

Registration Renewal
Filing Method:

Online

Agency Fee:

$275

Due:

Annually by the date of initial issuance.

Notes:

The endorsement fee for an out-of-state license is waived if the state where the collection agency (main or branch office) is located requires a license or registration but does not require a fee for similar out-of-state collection agencies.

Washington Out-of-State Collection Agency Endorsement
Agency:Washington Department of Revenue - Business Licensing Service
Bond Requirements:

$5,000 surety bond.

Initial Registration
Form:

Business License Application and Collection Agency Addendum

Agency Fee:

$19 business license fee + $425 endorsement fee.

Notes:

The endorsement fee for an out-of-state license is waived if the state where the collection agency (main or branch office) is located requires a license or registration but does not require a fee for similar out-of-state collection agencies.

Registration Renewal
Filing Method:

Online

Agency Fee:

$425

Due:

Annually by the date of initial issuance.

Notes:

The endorsement fee for an out-of-state license is waived if the state where the collection agency (main or branch office) is located requires a license or registration but does not require a fee for similar out-of-state collection agencies.

Individual Licenses

Washington Individual Financial Services Licenses

Washington Designated Broker Registration
Agency:Washington Department of Financial Institutions
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

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

Registration Renewal
Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.
Washington Mortgage Loan Originator License
Agency:Washington Department of Financial Institutions
Initial Registration
Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $125 license fee + $15 credit report fee + $36.25 background check fee

Registration Renewal
Filing Method:

Online

Agency Fee:

$45

Due:

  • Annually by December 15.
  • Licenses issued in November or December remain valid through the next renewal period.

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