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What States Have a Distance Requirement of MLO Personal Residence to Mortgage Br
What states require an NMLS licensed MLO personal residence needs to live within a set driving distance to the sponsoring mortgage company or a brick and mortar branch of the mortgage company. I heard there were 15 states with such distance from personal residence to brick and mortar NMLS COMPANY location. I know Wisconsin, Nevada, New Jersey, and Maryland are some of the states with maximum distance requirements. Also how much does applying for NMLS COMPANY. BRANCH, and Individual license cost.
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