California Mortgage Broker License Requirements for 2026
Updated February 2026
Overview
California requires mortgage brokers to obtain a license from the Department of Financial Protection and Innovation (DFPI) under the California Finance Lenders Law (CFLL) or the California Residential Mortgage Lending Act (CRMLA). The state has some of the highest net worth requirements in the country.
Requirements
| Requirement | Details |
|---|---|
| Pre-Licensing Education | 20 hours NMLS-approved pre-licensing education |
| Exam Requirements | NMLS UST (Uniform State Test) with 75% passing score |
| Background Check | FBI criminal background check + credit report |
| Net Worth Requirement | $250,000 minimum tangible net worth |
| Surety Bond | $25,000 surety bond required |
| Experience | 3 years of mortgage experience recommended |
Estimated Costs
| Cost Item | Amount |
|---|---|
| State Application Fee | $1,000-2,000 |
| NMLS Fee | $100 (initial) + $100 (annual renewal) |
| Background Check | $36.25 (FBI) + $15 (credit report) |
| Pre-Licensing Education | $300-600 for 20-hour course |
| Surety Bond | $1,000-3,000/year |
| Total Estimated Cost | $3,000-10,000+ |
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Steps to Get Licensed
- 1Complete 20 hours of NMLS-approved pre-licensing education
- 2Register on the NMLS and create your California state application
- 3Submit to FBI criminal background check and credit report
- 4Meet net worth and surety bond requirements
- 5Pass the NMLS UST exam for California
- 6Submit your application with all required documentation
- 7Maintain your license with annual CE and renewal fees
Renewal Information
California mortgage broker licenses must be renewed annually through the NMLS between November 1 and December 31. Renewal requires 8 hours of NMLS-approved continuing education and payment of renewal fees.
NMLS Resource: Visit NMLS Website