DC · Consumer and commercial lending
Consumer & commercial lending in District of Columbia
Money lender license
District of Columbia generally requires this license: Money lender license. File through NMLS.
The regulating agency is the District of Columbia Department of Insurance, Securities and Banking.
Fee: Money Lender License: application fee $0. License registration fee $500. NMLS processing fee $120. Statute cited on the chart: DC Code § 26-901.
Bond: Money Lender License: minimum surety bond on the NMLS chart is $5,000. Statute cited on the chart: DC Code § 26-901.
Related pages
Fee, bond, and timeline
Each cell cites a state regulator, a statute, or the NMLS License Requirements and Fees Chart. If a figure could not be verified, the cell says Varies, see regulator and links the agency.
| Item | Published figure | Source |
|---|---|---|
| Fee | Money Lender License: application fee $0. License registration fee $500. NMLS processing fee $120. Statute cited on the chart: DC Code § 26-901. | NMLS License Requirements and Fees Chart |
| Bond | Money Lender License: minimum surety bond on the NMLS chart is $5,000. Statute cited on the chart: DC Code § 26-901. | NMLS License Requirements and Fees Chart |
| Timeline | Varies, see regulator | District of Columbia Department of Insurance, Securities and Banking, NMLS License Requirements and Fees Chart |
Last verified:
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Who needs this in District of Columbia
A company that makes consumer loans to District of Columbia residents generally needs a money lender license from District of Columbia Department of Insurance, Securities and Banking when the product, rate, or amount crosses the state’s trigger. Banks and credit unions lending under a charter are usually exempt. Commercial-purpose loans often sit outside the consumer statute. Confirm before you treat a business loan as unlicensed.
Where to file
Request the District money lender license on NMLS with DISB. File in District of Columbia because the borrower lives there, not because your office does.
How to handle a lender filing in District of Columbia
- Confirm the lender activity in District of ColumbiaA company that makes consumer loans to District of Columbia residents generally needs a money lender license from District of Columbia Department of Insurance, Securities and Banking when the product, rate, or amount crosses the state’s trigger. Banks and credit unions lending under a charter are usually exempt. Commercial-purpose loans often sit outside the consumer statute. Confirm before you treat a business loan as unlicensed.
- Open the agency checklistOpen District of Columbia Department of Insurance, Securities and Banking and read the current checklist before you apply. The agency page is linked on this screen.
- File on the path this page namesRequest the District money lender license on NMLS with DISB. File in District of Columbia because the borrower lives there, not because your office does.
- Use the fee, bond, and timeline tableRead each cell and open its source. If the cell says Varies, see regulator, use the agency link on that row.
Federal overlay
TILA / Regulation Z, ECOA, FCRA, and CFPB supervision sit on top of the state license. A state license does not create a federal charter.
Questions
Who needs a lender license in District of Columbia?+
A company that makes consumer loans to District of Columbia residents generally needs a money lender license from District of Columbia Department of Insurance, Securities and Banking when the product, rate, or amount crosses the state’s trigger. Banks and credit unions lending under a charter are usually exempt. Commercial-purpose loans often sit outside the consumer statute. Confirm before you treat a business loan as unlicensed.
Where do you file in District of Columbia?+
Request the District money lender license on NMLS with DISB. File in District of Columbia because the borrower lives there, not because your office does.
What fee, bond, and timeline apply in District of Columbia?+
A figure is shown when a state regulator, a statute, or the NMLS License Requirements and Fees Chart states it. If the cell says Varies, see regulator, open the agency link before you pay or set a date.
Sources
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Cornerstone on consumer & commercial lending
Fee, bond, and timeline cells cite a state regulator, a statute, or the NMLS chart. If a figure could not be verified, the cell says Varies, see regulator and links the agency. License categories and exemptions change. Confirm the current checklist on the official site before you apply. This is not legal advice.