How Do I Apply for an Installment Lender License?
Installment lender" or "lender" means any person that advertises, solicits, offers, or makes installment loans or services installment loans made by others, excluding loans made by affiliated entities.
APPLICATION and REQUIREMENTS
•All installment lender license applications must be made through the Nationwide Multistate Licensing System & Registry (NMLS). Click HERE to access NMLS.
•Click HERE to access the GA Installment Lender License Requirements Checklist and GA Installment Lender Branch Requirements Checklist in NMLS for more details on the license requirements and what activities can be conducted under the license type.
NEW APPLICATION FEES
•Installment Lender License - $750 plus additional NMLS fees
•Installment Lender Branch Approval – $300 plus additional NMLS fees (Please note that mortgage branches do not have a separate license, but still require Department approval if located in Georgia. Branches fall under the company’s license.)