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How to Get a Mortgage loan originator License in South Dakota (2026)

Quick answer

The MLO license covers individuals taking mortgage applications or offering or negotiating mortgage terms for compensation or expected gain.

License fee

$150

View official source

Required hours

20 hours

View official source

Exam

Pass a qualified written test meeting the standards of 12 U.S.C. 5104(d).

View official source

Renewal

All mortgage licenses expire on December 31. Renewal requests must be filed through the Nationwide Multistate Licensing System (NMLS) by December 1 to avoid a late fee.

View official source

Last verified Oct 25, 2026

How do I get this license?

  1. Check the licensing authority

    Board

    South Dakota Department of Labor and Regulation, Division of Banking

    Last verified Oct 25, 2026 — source and quotation
    Division of Banking - Mortgage Licenses
    Official source

    Official agency page

    Open the official agency page

    Last verified Oct 25, 2026 — source and quotation
    Division of Banking - Mortgage Licenses
    Official source
  2. Check your qualifications

    Required hours

    20 hours

    Last verified Oct 25, 2026 — source and quotation
    an individual shall complete at least twenty hours of education approved according to the standards established in 12 U.S.C. 5104 (c) as of January 1, 2009.
    Official source

    Exam

    Pass a qualified written test meeting the standards of 12 U.S.C. 5104(d).

    Last verified Oct 25, 2026 — source and quotation
    an individual shall pass a qualified written test in accordance with the standards established in 12 U.S.C. 5104(d) as of January 1, 2009.
    Official source
  3. Prepare your application

    Apply with the agency

    Open the official agency page

    Last verified Oct 25, 2026 — source and quotation
    The NMLS website provides step-by-step instructions on how to access the system, guides on how to complete the MU Forms
    Official source
  4. Confirm your next step with the agency

    Review the official instructions for your situation before applying.

    Open the official agency page

What else should I know?

Agency guidance

The MLO license covers individuals taking mortgage applications or offering or negotiating mortgage terms for compensation or expected gain.

Last verified Oct 25, 2026 — source and quotation
This license is for any individual who, for compensation or gain, or in the expectation of compensation or gain takes a mortgage loan application or offers or negotiates terms of a mortgage loan.
Official source

When do I renew, and is CE required?

Renewal

All mortgage licenses expire on December 31. Renewal requests must be filed through the Nationwide Multistate Licensing System (NMLS) by December 1 to avoid a late fee.

Last verified Oct 25, 2026 — source and quotation
All mortgage licenses expire on December 31. Renewal requests must be filed through the Nationwide Multistate Licensing System (NMLS) by December 1 to avoid a late fee.
Official source

Renewal period in years

The annual renewal fee for a mortgage loan originator is seventy-five dollars.

Last verified Oct 25, 2026 — source and quotation
the annual renewal fee for a mortgage loan originator is seventy-five dollars.
Official source

Continuing education hours

8 hours

Last verified Oct 25, 2026 — source and quotation
a licensed mortgage loan originator shall complete at least eight hours of education approved according to the standards established in 12 U.S.C. 5105(b) as of January 1, 2009.
Official source

Have a license or permit? Use the expiration date printed on it to set up your calendar and reminders.

What does it cost?

License fee

$150

Last verified Oct 25, 2026 — source and quotation
the original, non-refundable, registration fee for a mortgage loan originator is one hundred fifty dollars.
Official source

Renewal fee

$75

Last verified Oct 25, 2026 — source and quotation
the annual renewal fee for a mortgage loan originator is seventy-five dollars.
Official source

Confirm the charges and conditions for your application with the official agency.

What are the common questions?

How often do I renew a mortgage loan originator license in South Dakota?

All mortgage licenses expire on December 31. Renewal requests must be filed through the Nationwide Multistate Licensing System (NMLS) by December 1 to avoid a late fee.

Source and quotation
All mortgage licenses expire on December 31. Renewal requests must be filed through the Nationwide Multistate Licensing System (NMLS) by December 1 to avoid a late fee.
Official source

Last verified Oct 25, 2026

What is the mortgage loan originator license fee in South Dakota?

$150

Source and quotation
the original, non-refundable, registration fee for a mortgage loan originator is one hundred fifty dollars.
Official source

Last verified Oct 25, 2026

Which official sources support this guide?

Official sources and verification (11)

Last verified Oct 25, 2026. Each quotation supports the corresponding published value.

Board

South Dakota Department of Labor and Regulation, Division of Banking

South Dakota Department of Labor and Regulation, Division of Banking

Division of Banking - Mortgage Licenses
Official source

Last verified Oct 25, 2026

Official agency page

Open the official agency page

https://dlr.sd.gov/banking/mortgage_licenses/default.aspx

Division of Banking - Mortgage Licenses
Official source

Last verified Oct 25, 2026

Apply with the agency

Open the official agency page

https://dlr.sd.gov/banking/mortgage_licenses/default.aspx

The NMLS website provides step-by-step instructions on how to access the system, guides on how to complete the MU Forms
Official source

Last verified Oct 25, 2026

Qualifications / Required hours

20 hours

20

an individual shall complete at least twenty hours of education approved according to the standards established in 12 U.S.C. 5104 (c) as of January 1, 2009.
Official source

Last verified Oct 25, 2026

Qualifications / Exam

Pass a qualified written test meeting the standards of 12 U.S.C. 5104(d).

Pass a qualified written test meeting the standards of 12 U.S.C. 5104(d).

an individual shall pass a qualified written test in accordance with the standards established in 12 U.S.C. 5104(d) as of January 1, 2009.
Official source

Last verified Oct 25, 2026

Fees / License

$150

150

the original, non-refundable, registration fee for a mortgage loan originator is one hundred fifty dollars.
Official source

Last verified Oct 25, 2026

Fees / Renewal

$75

75

the annual renewal fee for a mortgage loan originator is seventy-five dollars.
Official source

Last verified Oct 25, 2026

Renewal period in years

The annual renewal fee for a mortgage loan originator is seventy-five dollars.

1

the annual renewal fee for a mortgage loan originator is seventy-five dollars.
Official source

Last verified Oct 25, 2026

Renewal

All mortgage licenses expire on December 31. Renewal requests must be filed through the Nationwide Multistate Licensing System (NMLS) by December 1 to avoid a late fee.

All mortgage licenses expire on December 31. Renewal requests must be filed through the Nationwide Multistate Licensing System (NMLS) by December 1 to avoid a late fee. Applies to: South Dakota mortgage loan originator licenses; December 1 filing deadline to avoid a late fee

All mortgage licenses expire on December 31. Renewal requests must be filed through the Nationwide Multistate Licensing System (NMLS) by December 1 to avoid a late fee.
Official source

Last verified Oct 25, 2026

Continuing education hours

8 hours

8

a licensed mortgage loan originator shall complete at least eight hours of education approved according to the standards established in 12 U.S.C. 5105(b) as of January 1, 2009.
Official source

Last verified Oct 25, 2026

Agency guidance

The MLO license covers individuals taking mortgage applications or offering or negotiating mortgage terms for compensation or expected gain.

The MLO license covers individuals taking mortgage applications or offering or negotiating mortgage terms for compensation or expected gain.

This license is for any individual who, for compensation or gain, or in the expectation of compensation or gain takes a mortgage loan application or offers or negotiates terms of a mortgage loan.
Official source

Last verified Oct 25, 2026

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What should I explore next?

Mortgage loan originator in neighboring states

Neighboring states use Census adjacency data, including water and point boundaries.

Related licenses in South Dakota

What’s my next step?

Last verified Oct 25, 2026.

Official sources (2)

Not legal or tax advice. Confirm with the official agency before filing.