Indiana DFI Mortgage License Requirements
Application Requirements to become licensed in Indiana DFI:
| Description | Requirement |
|---|---|
| Temporary Authority to Operate Eligible | Yes |
| Application Fee | $100.00 |
| License Registration Fee | $0.00 |
| NMLS Processing Fee | $35.00 |
| Sponsorship Fee* | $0.00 |
| Credit Report Required | $15.00 |
| Criminal Background Check Required | $36.25 |
| Testing Required | Yes, passing score of 75% or higher |
| SAFE MLO Test Cost | $110.00 |
| Work Remote Allowed | Yes |
*Note: A sponsorship request must be submitted by your employer. IN-DFI will review and accept or reject the sponsorship request. A sponsorship for a non-W2 employee will not be accepted.
Indiana (DFI) NMLS Pre-Licensing Education Requirements:
New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:
3 hours of federal law
3 hours of ethics
2 hours of non-traditional mortgage lending training
12 hours of electives
Note: If 3 years have passed since completion of the 20 hours, and you have not held a federal MLO registration or state MLO license during that period, the PE is considered expired and you must complete an additional 20 hours of approved PE.
Indiana (DFI) Continuing Education Requirements:
State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:
3 hours of federal law
2 hours of ethics
2 hours of non-traditional mortgage lending
1 hour of electives
MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.
Indiana Department of Financial Institutions Contact Info:
Phone: 317-453-2566
Email: dfilicensing@dfi.in.gov
Website: www.in.gov/dfi
