The state of Louisiana has amended its licensing fees applicable to mortgage lenders, mortgage brokers, mortgage servicers, and mortgage loan originators. Renewing licensees and new applicants will see an increase in state fees as a result. These increases will take effect on August 1, 2015.
Fees for mortgage lender, mortgage broker, and mortgage servicer applications will increase from $400 to $500. The annual license renewal fee for each person licensed as a mortgage broker, mortgage lender, or mortgage servicer will increase from $400 to $500. The application fee for a license to act as a mortgage loan originator will increase from $100 to $200. Finally, the annual license renewal fee for each originator will increase from $100 to $200.