New Deferred Deposit Lender Applicants

To register as a new deferred deposit lender in Utah you must:

1.  Register the business with the Utah Department of Commerce, Division of Corporations and Commercial Code. You must supply the Department of Financial Institutions (DFI) a digital or paper copy of the Certificate of Existence issued by the Department of Commerce, Division of Corporations. It may be emailed to dfi@utah.gov or sent to one of the addresses in #5 below.

2.  Register the company with the National Mortgage Licensing System (NMLS) and submit the fees through NMLS (DFI fee of $300 and the NMLS fee of $100).

Nationwide Mortgage Licensing System

3.  Submit a criminal history report to DFI, it can be obtained at Utah BCI and a list of locations. Both may be emailed to dfi@utah.gov or sent to one of the addresses in #5 below.

4.  Submit a Consumer Credit Notification form and fee of $100 to DFI at PO Box 146800, Salt Lake City, UT 84114-6800.

5.  Any of the information in #s 1, 3, or 4 above can be mailed to Utah DFI, PO Box 146800, Salt Lake City, UT 84114-6800. It can also be hand-delivered or sent by overnight courier to Utah DFI, 324 S State St, Ste 201, Salt Lake City, UT 84111.

A registration certificate will be issued if all the requirements are met.