Arkansas Mortgage Licensing Requirements
License Type: Arkansas Mortgage Broker License
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
No Requirement
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$100,000
Average Timeframe
45 Days
License Type: Arkansas Mortgage Banker License
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
$25,000
Company Financial Statements
CPA Audit Completed
Surety Bond Requirement
$100,000
Average Timeframe
40 Days