Indiana licensing laws

Mortgage companies generally apply through the NMLS (Nationwide Multistate Licensing System) for Indiana mortgage licensing. Requirements include a completed MU1 form, surety bond, audited financial statements, business plan, background checks (FBI criminal and credit) for all control persons, and net worth requirements. Individual MLOs are generally required to complete pre-licensing education (20 hours minimum including 3 hours of federal law, 3 hours of ethics, 2 hours of non-traditional lending, plus Indiana-specific hours), pass the SAFE MLO test, and submit an MU4 form through NMLS.

Mortgage licenses in Indiana are renewed annually through NMLS. Company renewals require updated financial statements, bond confirmation, and payment of renewal fees. MLOs are generally required to complete continuing education (8 hours minimum annually, including Indiana-specific requirements) and pay renewal fees through NMLS. The renewal period typically runs November 1 through December 31.

The bond is posted with the city or county that approves the plat, not a state agency. The local government (the obligee) sizes the security from the project engineer's estimate of the improvements still to be built (streets, curbs, sidewalks, storm drains, water and sewer), and the developer files the executed bond with the development or subdivision improvement agreement. Many Indiana jurisdictions reduce the required amount as phases are inspected and accepted.

The bond stays in force until the local government inspects and accepts the improvements and releases the security; it is not renewed on a fixed license cycle.

To obtain a debt collection license in Indiana, applicants generally need to submit a completed application to the Indiana regulatory authority, provide a surety bond of $10,000, pass background checks for all control persons, and meet net worth or financial requirements. The application review typically takes 30-90 days.

Debt collection licenses in Indiana generally require annual renewal. Renewal generally involves submission of a renewal application, payment of renewal fees, updated surety bond confirmation, and any required annual reports. Late renewals may incur additional penalties.

There is no statewide contractor license bond to file in Indiana. Indiana contractor licensing is local, and a number of cities and counties require their own license or registration bonds. Contractors still encounter surety bonds at the project level (bid, performance, and payment bonds on public and many private jobs) and through city or county contractor licensing programs that require their own bonds.

With no statewide license bond, there is nothing to renew at the state level in Indiana. Keep any local license or permit bonds and project bonds current under their own terms.

There is no charitable solicitation registration to file in Indiana. Indiana does not require charities to register before soliciting; professional solicitor rules are enforced by the Attorney General. Nonprofits soliciting in Indiana still need their corporate registration (and a registered agent if formed out of state), and fundraising into other states can trigger those states' registration requirements. Professional fundraisers working Indiana donors should confirm whether separate contractor or solicitor filings apply.

With no charitable solicitation registration, there is nothing to renew in Indiana. Keep the organization's corporate annual report and registered agent current, and track registrations in every other state where the nonprofit solicits.

Apply for or renew your credit services organization registration with the Office of the Indiana Attorney General and file a $25,000 surety bond as part of the application. The surety issues the bond form the state accepts and files it for you.

The bond renews alongside the underlying credit services organization registration.

To obtain a money transmitter license in Indiana, applicants generally need to submit a completed application to the Indiana DFI, provide a surety bond of $25,000-$500,000, demonstrate minimum net worth of $100,000, provide audited financial statements, implement a comprehensive BSA/AML filings program, and pass background checks for all control persons. Many states now accept applications through NMLS. The application process typically takes 3-12 months depending on the state and complexity of the applicant's business model.

Money transmitter licenses in Indiana generally require annual renewal. Renewal typically requires submission of audited financial statements, updated surety bond, quarterly or annual transaction reports, BSA/AML filing documentation, and payment of renewal fees. Some states require call report filings on a quarterly basis throughout the year.

No auctioneer bond filing applies in Indiana. Complete the standard auctioneer license process with the Indiana Professional Licensing Agency, Auctioneer Commission.

No bond means no bond renewal cycle in Indiana. Keep the underlying auctioneer license current with the Indiana Professional Licensing Agency, Auctioneer Commission.

Apply for or renew your notary public commission with the Indiana Secretary of State and file a $25,000 surety bond as part of the application. The surety issues the bond form the state accepts and files it for you.

The bond runs with the notary public commission term and renews on the same cycle (about every 8 years).

Apply for or renew your motor vehicle dealer license with the Indiana Secretary of State, Auto Dealer Services Division and file a $25,000 surety bond as part of the application. The surety issues the bond form the state accepts and files it for you.

The bond runs with the motor vehicle dealer license term and renews on the same cycle (about every 2 years).