Official sources and verification (11)
Last verified Oct 25, 2026. Each quotation supports the corresponding published value.
BoardSouth 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 sourceLast verified Oct 25, 2026
Apply with the agencyOpen 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 sourceLast verified Oct 25, 2026
Qualifications / Required hours20 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 sourceLast verified Oct 25, 2026
Qualifications / ExamPass 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 sourceLast 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 sourceLast verified Oct 25, 2026
Fees / Renewal$75
75
the annual renewal fee for a mortgage loan originator is seventy-five dollars.
Official sourceLast verified Oct 25, 2026
Renewal period in yearsThe 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 sourceLast verified Oct 25, 2026
RenewalAll 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 sourceLast verified Oct 25, 2026
Continuing education hours8 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 sourceLast verified Oct 25, 2026
Agency guidanceThe 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 sourceLast verified Oct 25, 2026