California Department of  Corporations

Check state agency website for further information: California Department of
Corporations

Individual Licenses

Mortgage Loan Originator License: Any person who originates residential mortgage loans must apply for and receive
a mortgage loan originator license by July 31, 2010. (More Details)

Company Licenses

Residential Mortgage Lending Act (CRMLA) license:

This license is required for any company or person who makes or services
residential mortgage loans in California. A CRMLA license is an alternative to
the licenses under the California Finance Lenders Law or the California Real
Estate Law. A licensed CRMLA lender is authorized to provide brokerage services
to its borrowers. (More Details)

Finance Lenders Law (CFLL) license:

This License is required for any company or sole proprietorship that is engaged
in the business of making or brokering consumer or commercial loans. A CFLL
broker is authorized to act as a broker in connection with loans made by a CFLL
lender. A license can be issued as a lender, a broker or both. Only companies
making or brokering residential mortgage loans are required to be licensed
through the NMLS. Companies that engage solely in the making or arranging of
non-mortgage related or commercial loans must apply directly to the Department
of Corporations. (More Details)

Exempt Company Registration:

This registration is available for any California state agency or exempt company
that employs state-licensed mortgage loan originators but is not required to be
licensed under the laws of California. This registration is discretionary and is
intended for California state agencies and exempt companies that wish to manage
their mortgage loan originators in NMLS. Please consult the California
Department of Corporations (DOC) before applying for this registration. (More Details)

Branch Licenses

Residential Mortgage Lending Act (CRMLA) license (Branch):

Each branch location desiring to conduct business under this license authority
must be separately authorized and will require a filing of Form MU3 through the
NMLS. All locations in California must be authorized. (More Details)

Finance Lenders Law (CFLL) license (Branch):

This license is required for all locations, other than the main office
identified on the CFLL license that conducts business with California consumers.
(More Details)