Non-Depository

Non-Depository Services Division

2012 RENEWALS HAVE BEGUN
Click on license type for further information:
Check Cashers
Licensed Lenders
Payday Lenders
Residential Mortgage Brokers, Lenders, and Originators

CONSUMER INFORMATION

Nationwide Mortgage Licensing System ("NMLS")

► NMLS Website
► NMLS Training Schedule
► NMLS Call Center Telephone Number -- (240) 386-4444

NMLS Hours of Operation and Call Center Hours

2011 Legislation
► All Non-Depository Entities
► Residential Mortgage Lending

OFI Receives Accreditation
for Mortgage Supervision
February 9, 2011

LA Residential Mortgage Originators
Approved CE Provider Update
Effective September 1, 2010

NMLS Approved Course Providers
Updated Weekly

NMLS Master Course Catalog
Updated Monday-Friday

Office of Motor Vehicles
Mandates Electronic Lien and Title Services
(1-877-368-5463)
Effective January 1, 2010

Payday Loans - Consumer Pamphlet

Taylor, Bean & Whitaker Mortgage Corp.
Ceases All Origination Operations
► Consumer Information
► Industry Information
August 5, 2009

Residential Mortgage Licensees - 2009 Louisiana SAFE Legislation
Surety Bond Requirements
Effective July 31, 2009

OFI Advisory Opinion - Rule of 78’s Rebates
Aug. 29, 2008

OFI Advisory Opinion - Credit Insurance Rebates
Aug. 29, 2008

New Policy for Licensed Lenders with Multiple Locations
August 29, 2007

Residential Mortgage Lending - Dual Role Restrictions
Act 39 - 2007 Louisiana Legislature
August 15, 2007

Ameriquest Settlement
July 12, 2007

NOTICE: Most non-depository programs require that a licensee pay a fee and provide
prior written notification of any changes such as:
● change of control in ownership or stock transfers,
● change of name,
● change of location,
● change in legal identity,
● addition of trade name, etc.

To avoid severe penalties for failure to provide prior written notice, contact this office
at least 30 days prior to any changes that you may be considering.

IMPORTANT! Applicants are not licensed to operate until a license is received.

This division is responsible for the licensing, supervision, and regulation of 11 programs. For brief descriptions of the types of entities supervised by this division, click here. Click here for information regarding filing a complaint The e-mail address for the Non-Depository Division is ofiland@ofi.la.gov.

Program Descriptions

Bond for Deed
Persons designated by the parties to a bond for deed transaction to distribute payments made by the buyer to the holder of a mortgage in the real property subject to the transaction.
Check Cashers
A person, unless otherwise exempt, who accepts compensation for cashing checks, drafts, money orders, or other commercial paper.
Licensed Lenders
Persons engaged in the business of making consumer loans and financing insurance premiums (finance companies).
Notification Filers
Persons engaged in selling goods or services on credit and person who take assignment of an undertake direct collection of payments from or enforcement of rights against debtors arising from these sales or loans.
Pawnbrokers
Persons who lend money on a deposit or pledge or who take items into possession as security for money advanced.
Deferred Presentment and Small Loans (Payday Lenders)
Persons who make loans of $350 or less for a term of 60 days or less. Deferred presentment transactions are small loans of $350 or less where the lender accepts a check from the borrower and agrees to hold it for a period of 30 days or less prior to negotiation or presentment to the bank.
Repossession Agents
Persons who physically obtain possession of collateral for a secured party and engage in the business or accept employment to locate and recover collateral pursuant to the Louisiana Default Remedies Act, R.S. 6:965, et seq.
Residential Mortgage Lenders/Brokers
Persons who, for compensation or the expectation of compensation, obtain or offer to obtain loans secured by mortgages on residential property located in Louisiana. The term includes both lenders and brokers.

Last updated on October 19, 2011