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Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of Idaho or anyone looking to become a mortgage broker in Idaho. The Idaho Department of Finance regulates and supervises the Idaho Residential Mortgage Practices Act, which became effective in August, 1996. Those holding an Idaho Mortgage Brokers license are not required to maintain a physical location in Idaho. However, individuals are required to have a Mortgage Brokers license in Idaho even if they are only negotiating one transaction. Applicants who desire to become a Mortgage Broker in Idaho pay a $350 applicant fee, and provide a continuous Surety Bond in the amount of $25,000. Applicants need to provide their residence information for the prior 10 years, and also employment...