50-State Financial Services Licensing Compliance Guide
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North Carolina 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 North Carolina.

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Company Licenses

North Carolina Financial Services Company Licenses

North Carolina Collection Agency License

Agency:North Carolina Department of Insurance
Foreign Qualification is Prerequisite:Yes
Financial Requirements:

Applicants must have a net worth of at least $5,000 demonstrated by a financial statement.

Bond Requirements:

$10,000 for domestic agencies and $20,000 for foreign agencies.

Notes:

North Carolina does not issue branch office licenses, but agencies with multiple locations will each need an agency license.

Initial Registration

Filing Method:

Online

Agency Fee:

$1,000 application fee + $48 processing fee.

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000 application fee + $38 processing fee.

Due:

Annually by June 30.

Amendment

Filing Method:

Online

Agency Fee:

$0

Due:

Within 30 days after the change is finalized.

Notes:

Ownership changes can be reported online.

Amendment

Filing Method:

Online

Agency Fee:

$0

Due:

Within 10 business days after the change.

Notes:

Agency name and address changes can be made online.

North Carolina Consumer Finance License

Agency:North Carolina Commissioner of Banks - Consumer Finance Section
Law:

NCGS § 53-168

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

Automatic Exemption

Exemption Eligible Organizations:
  • Any person, firm or corporation doing business under the authority of any law of this State or of the United States relating to banks, trust companies, savings and loan associations, cooperative credit unions, agricultural credit corporations or associations organized under the laws of North Carolina;
  • Production credit associations organized under the act of Congress known as the Farm Credit Act of 1933;
  • Pawnbrokers lending or advancing money on specific articles of personal property;
  • Industrial banks;
  • The business of negotiating loans on real estate as defined in G.S. 105-41;
  • Installment paper dealers as defined in G.S. 105-83 other than persons, firms and corporations engaged in the business of accepting fees for endorsing or otherwise securing loans or contracts for repayment of loans
Notes:

NC Stat. § 53-191

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Renewal Not Required

Not required



There are no annual licensing renewal requirements. However, there is an annual assessment fee which is invoiced the first week in July, and is due upon receipt.

Supplemental Reporting

Filing Method:

Online

Agency Fee:

$0

Due:

Annually by March 31.

North Carolina Money Transmitter License

Agency:North Carolina Commissioner of Banks - Consumer Finance Section
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1500 application fee + $15 credit report fee + $36.25 background check fee + $0.25 fee per agent per year

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

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.

North Carolina Mortgage Branch License

Agency:North Carolina Commissioner of Banks - Consumer Finance Section
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $300 license/registration fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

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.

North Carolina Mortgage Broker License

Agency:North Carolina Commissioner of Banks - Consumer Finance Section
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1250 license/registration fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

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.

North Carolina Mortgage Lender License

Agency:North Carolina Commissioner of Banks - Consumer Finance Section
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1250 license/registration fee + $15 credit report fee + $36.25 background check fee + $500 reverse mortgage lender fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

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.

North Carolina Mortgage Origination Support Registration

Agency:North Carolina Commissioner of Banks - Consumer Finance Section
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + registration fee ($250 <5 people; $1000 5-30 people; $2000 >30 people) + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

The fee varies and is based on the number of processors and underwriters reported annually at renewal.

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.

North Carolina Mortgage Servicer License

Agency:North Carolina Commissioner of Banks - Consumer Finance Section
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1250 license/registration fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

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.

North Carolina Sales Finance Company License

Not required



Sales Finance Company licensure is not required on the State level in North Carolina.

North Carolina does not currently issue licenses to sales finance companies.

Individual Licenses

North Carolina Individual Financial Services Licenses

North Carolina Exclusive Mortgage Broker License

Agency:North Carolina Commissioner of Banks - Consumer Finance Section

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $300 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

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.

North Carolina Mortgage Loan Originator License

Agency:North Carolina Commissioner of Banks - Consumer Finance Section

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $125 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$125

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.

Explore licensing in other states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania
Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Revised April 19, 2024. Complete data last reviewed January 08, 2019.
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