50-State Financial Services Licensing Compliance Guide
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Arkansas Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Arkansas.

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Company Licenses

Arkansas Financial Services Company Licenses

Arkansas Collection Agency License

Agency:Arkansas State Board of Collection Agencies
Bond Requirements:

$10,000 for entities with 5 or fewer collectors, $20,000 for entities with between 6 and 12 collectors, $25,000 for entities with more than 13 collectors.

Initial Registration

Form:

Application for Collection Agency License

Agency Fee:

$125 licensing fee + $20 manager's fee + $20 for each collector and solicitor.

Notarization Required?:Required

Registration Renewal

Form:

License Renewal Application

Agency Fee:

$125 licensing fee + $20 manager's fee + $20 for each collector and solicitor.

Due:

Annually by June 30.

Notarization Required?:Required

Amendment

Form:

Address Change Request Form

Agency Fee:

$0

Amendment

Form:

Registration of New Collectors

Agency Fee:

$20 per new collector.

Due:

Within 90 days of hiring a new collector.

Arkansas Combination Mortgage Banker-Broker-Servicer License

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $750 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$350

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Combination Mortgage Banker-Broker-Servicer License (Branch)

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $100 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Currency Exchanger

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1500 application fee + $375 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$375

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Money Transmitter License

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1500 application fee + $750 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$750

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Mortgage Banker License

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $750 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$350

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Mortgage Banker License (Branch)

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $100 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Mortgage Broker License

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $750 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$350

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Mortgage Broker License (Branch)

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $100 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Mortgage Servicer License

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $750 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$350

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Arkansas Mortgage Servicer License (Branch)

Agency:Arkansas Securities Department
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $100 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Individual Licenses

Arkansas Individual Financial Services Licenses

Arkansas Loan Officer License

Agency:Arkansas Securities Department

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $50 application fee + $15 credit report + $36.25 background check

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

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