Rhode Island Mortgage Licensing Requirements
License Type: Rhode Island Loan Broker License
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
$10,000
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$20,000
Average Timeframe
60 Days
License Type: Rhode Island Lender License
Physical Branch requirement
Not Required
Qualifying Individual Required
Yes
Minimum Company Net Worth
$100,000
Company Financial Statements
P & L and Balance Sheet
Surety Bond Requirement
$50,000
Average Timeframe
60 Days