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 firstname.lastname@example.org or sent to one of the addresses in #5 below.
2. Register the company with the Nationwide Multistate Licensing System (NMLS) and submit the fees through NMLS (DFI fee of $300 and the NMLS fee of $100).
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.