50-State Financial Services Licensing Compliance Guide
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West Virginia 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 West Virginia.

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Company Licenses

West Virginia Financial Services Company Licenses

West Virginia Collection Agency License

Agency:West Virginia State Tax Department
Bond Requirements:

$5,000 surety bond.

Notes:

West Virginia does not issue collection agency licenses but instead requires agencies to submit a bond along with their business registration. Agencies with multiple locations must register and submit a bond for each office location.

Registered Agent (Special Agency) Required?Yes

Initial Registration

Form:

Form WV/BUS-APP and Form CAB-1: Collection Agency Bond

Agency Fee:

$30

Notes:

Collection agencies should select the collection agency option on the business registration application and submit the surety bond form to register.

Renewal Not Required

Not required



Business and bond registrations do not need to be renewed.

West Virginia Exempt Mortgage Company Registration

Agency:West Virginia Division of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 NMLS processing fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Annually by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

West Virginia Fintech License

Agency:West Virginia Division of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1200 license/registration 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.

West Virginia Money Transmitter License

Agency:West Virginia Division of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1000 license/registration fee + $15 credit report fee + $36.25 background check fee + $20 fee per authorized delegate

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Annually by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

West Virginia Mortgage Broker Branch License

Agency:West Virginia Division of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$450

Registration Renewal

Filing Method:

Online

Agency Fee:

$350

Due:

  • Annually by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

West Virginia Mortgage Broker License

Agency:West Virginia Division of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$450 + $36.26 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$350

Due:

  • Annually by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

West Virginia Mortgage Lender Branch License

Agency:West Virginia Division of Financial Institutions
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1,350

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,250

Due:

  • Annually by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

West Virginia Mortgage Lender License

Agency:West Virginia Division of Financial Institutions
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1,350

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,250

Due:

  • Annually by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Individual Licenses

West Virginia Individual Financial Services Licenses

West Virginia Mortgage Loan Originator License

Agency:West Virginia Division of Financial Institutions

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$230 + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

  • Annually 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
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