Any person or business wishing to conduct lending businesses with Nebraska residents must be licensed with the Nebraska Department of Banking & Finance. This section applies to installment loan and sales finance lenders and loan brokers. See the Consumer Lending Regulation page for information regarding each of these businesses.

Installment Loan License Requirements

An Installment Loan License must be issued before any business is conducted. This license is valid from the date of issuance until the following December 31, at which time the license must be renewed. To obtain an Installment Loan License, an applicant must submit:

• a complete Installment Loan License Application (no unanswered questions);
• an original surety bond in the amount of $50,000 issued by a surety company authorized to do business in Nebraska;
• a current (not over six months old), audited corporate financial statement; and
• a non-refundable application fee in the amount of $500 made payable to the Nebraska Department of Banking and Finance.

Once the application has been determined to be complete and all information has been submitted, a hearing may be scheduled. A notice of the filing of the application will be published in appropriate newspapers. Costs of the hearing and notice publication are the responsibility of the applicant. Once all procedures have been completed, the department will approve or deny the license application. The applicant will be notified in writing of the department's determination within 90 days of the date the completed application was filed.

Installment Sales License Requirement

An Installment Sales License must be issued before any business is conducted. This license is valid from the date of issuance until December 31, at which time the license must be renewed.

Obtaining a License

All applications for an installment sales license must be submitted via the NMLS. Sample forms and detailed instructions are available on the NMLS website. To expedite this process you may wish to complete the paper format of each necessary form to use as a tool to ensure that you have collected all necessary information before you log into the NMLS website. However, the process will only be able to be completed online and any application or fees that are mailed or hand delivered to our Lincoln office will be returned to the applicant without being processed.

All application fees as well as any NMLS processing fees will be processed electronically through the NMLS. You may pay the fees via ACH or by Visa or Mastercard. No other payment method will be accepted.

If you have any questions or problems regarding the NMLS, please call the NMLS call center at (240) 386-4444.

View the Uniform Licensing Forms

No Paper License

The Department no longer issues paper licenses. All license approvals, renewals, branches or cancellations are updated on the NMLS to reflect the current license status.