The new Cost Finance Faqs page is made to help prospective and you may current payment financial licensees which have well-known questions regarding the different Georgia legislation and you can Agency statutes and you may guidelines relevant for the repayment loan community.
Please visit the fresh new NMLS Capital Center’s Starting Web page in order to consult a free account. A buddies you to definitely already have a permit when you look at the NMLS will not need consult a unique account add a changeover application.
Zero. You simply cannot utilize the exact same NMLS account for multiple cost financial licensees. Each licensee have to have its own separate NMLS account.
For each and every repayment financial licensee need look after the very least coverage level of $twenty-five,100, and additionally an additional $5,100000 from exposure for every single department place. Including, if an installment financial licensee possess a main office place and you may one to department place, the minimum publicity criteria would be $30,000 (a portion of the work environment + step one department location = $twenty five,100000 + $5,000 = $30,000).