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South Carolina State RequirementsRegulated By: Department of Consumer Affairs, Legal Division Address: 3600 Forest Drive, Third Floor, P.O. Box 5757, Columbia, SC 29250-5757 Phone/Fax Numbers: (803)734-4200/(803)734-4286 Website Address: http://www.state.sc.us/consumer/
Mortgage Loan Broker Loan Originator Application $750 (License Fee), $200 (Processing Fee), $150 (Satellite Office Fee) $50 Testing/Initial Education 2 years experience or 2 years employment with a federally insured deposit institution or completion of education requirements 2 years experience or 2 years employment with a federally insured deposit institution or completion of education requirements CE Requirement 8 Hours (Annually) 8 Hours (Annually) Surety Bond $10,000 N/A Fingerprints/Criminal Background $25 $25 Net Worth N/A N/A Credit Report N/A N/A Experience N/A N/A Renewals September 30-$550 (Renewal), $150 for each satellite office September 30 -Loan Originator: $50 |
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