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Become A Mortgage Broker In Georgia
Posted to: Mortgage License Information
Thursday, September 04, 2008 4:26 PM
Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of Georgia or anyone looking to become a mortgage broker in Georgia. The Georgia Department of Banking and Finance , oversees all aspects of the regulations and activities of Mortgage Brokers in Georgia. A Mortgage Broker license is required even if only one loan is brokered. Applicants who desire to become a Mortgage Broker in Georgia pay a $250 Investigation Fee plus a $500 Annual License Fee. Applicants also provide either a $50,000 Surety Bond or an Irrevocable Letter of Credit. In addition, Financial Statements audited by a CPA are part of the application, plus a copy of your most recent income tax return and a passport-size photo. Applicants need to meet a minimum tangible...
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