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Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of North Dakota or anyone looking to become a mortgage broker in North Dakota. The North Dakota legislature has chosen not to create a separate Mortgage Broker License , but rather issues a Money Broker License . Administered through the North Dakota Department of Financial Institutions , this license allows an individual or company to handle both first and second mortgages in the state. To become a Mortgage Broker applicants pay $400 with the application, and $300 for the annual license fee. Mortgage Brokers do not need to maintain a physical office in the state. Money Brokers who function as Mortgage Brokers in North Dakota do not belong to the National Association of Mortgage...