Applications
If you have specific legal questions, please seek the advice of an attorney.
How to Apply:
Businesses that need to apply for a Regulated Lenders License must create a new account and submit the application using NMLS. If you already have an existing NMLS account for the entity you are needing to license, log in and apply through that existing account.
In ALECS, each 342 license was referred to as a Licensed Location. In NMLS, your first license is considered your Company License, and any additional locations requiring a 342 license will be treated as branch(es). An entity cannot hold a branch license without first obtaining a company license.
Refer to the links below for checklists of item requirements:
Regulated Lender COMPANY License Checklist
Regulated Lender BRANCH License Checklist
If you do not have an NMLS account, we recommend beginning the process of obtaining IRS paperwork that has the entity name and Federal Employer Identification Number(FEIN) with an exact match, if you do not already have these documents. Click on this link for an NMLS resource with quick tips on setting up your NMLS account.
Need help with NMLS? Call the NMLS Call Center!
- 1-855-665-7123
Monday - Friday from 9:00AM to 9:00PM Eastern Time
Available from all U.S. States and Territories
Existing Licensees:
The OCCC Regulated Lenders transition period ended on September 30, 2025. New Regulated Lender applications must be submitted online using NMLS.
Transfer Existing License Application:
Please note that the license transfer process has recently changed, though the item requirements remain the same. Beginning July 15, 2025, businesses needing to transfer a Regulated Lender license must apply for a new license online through NMLS.
During the new application submission, please upload a copy of the asset purchase agreement signed by both the buyer and the seller, or any other documentation that demonstrates the transfer event to the MU1 Document Upload section of NMLS. Name your files TX Proof of Transfer as of 2025-10-14 (Date of the document) and upload it to the Additional Requirement(s) section of the MU1. Click here for an NMLS Document Upload guide.
If the seller has authorized you to operate under their license while your application is in review, you must complete and upload the "Request for Permission to Operate" form. Name your files TX Permission to Operate as of 2025-10-14 (Date of the document) and upload it to the Document Uploads Additional Requirement(s) section of the MU1. This form is available at the following link:
Forms