10/4/00
LICENSES WITH NET WORTH GREATER THAN $100,000 AND ALTERNATIVE LICENSES WITH LOWER NET WORTHS
State Current Designated License Net Worth Alternate License Net Worth
1 AZ Mortgage Banker 100,000-250,000 Mortgage Broker none
2 CA Mortgage Banker 250,000 Finance Lender 25,000
3 FL Mortgage Lender 250,000 Correspondent Lender 25,000
4 NJ Mortgage Lender 250,000 Mortgage Broker 50,000
5 NY Mortgage Banker 250,000 Mortgage Broker none
6 PA 1st mortgage Banker 250,000 Mortgage Broker none
7 WI Mortgage Banker 250,000 Mortgage Broker 250,000
8 HUD Non-Supervised Mortgagee  * 250,000 HUD Correspondent  ** 50,000
LICENSES WITH NET WORTH EQUAL TO $100,000 AND ALTERNATIVE LICENSES WITH LOWER NET WORTHS
State Current Designated License Net Worth (NW) Alternate License Net Worth
1 GA Mortgage Lender 100,000 NW+ 10000 Mortgage Broker 25,000
bond or 250000 NW
2 MA Mortgage Lender 100,000 NW Mortgage Lender 25,000 NW +
75000 Bond
3 NH Mortgage Lender 100,000 NW or Mortgage Broker No NW and
100,000 bond 20,000 bond
4 RI Mortgage Lender 100000 NW Mortgage Broker 10,000
* Exempt from licensing and net worth requirements: AL, AR, HI, KY, MO, TN, LA, MS, OK, OH, NC, SC, TX
** Exempt from licensing and net worth requirements: AL, AR, HI, KY, MO, TN, LA, MS, OK, OH, NC, SC