Small Loan and Consumer Credit (Mini-Code) License Renewals

In order to fulfill the requirements of the Alabama S.A.F.E Act companies who extend credit or arrange for the extension of credit secured by residential real estate will have to renew their Consumer Credit Act license first through the Nationwide Mortgage Licensing System “NMLS” denoted below by the link labeled Residential Lender. Then you will need to renew your Small Loan license separately through the link provided below labeled Small Loan Renewal with Residential Consumer Credit Act License and answer some specific questions in order for the Small Loan license fee to be waived.

All Non-Residential Consumer Credit Act licensees will renew their license and the Small Loan License simultaneously by clicking the Non-Residential Consumer Credit Act/Small Loan Act Combination Renewal.

Residential Lender Application: Any company that will extend credit or take assignments of consumer credit contracts secured by residential real estate must renew through NMLS. This link will connect you to the NMLS website or you may click the NMLS logo.

Small Loan Renewal with Residential Consumer Credit Act License : If you have renewed your Consumer Credit Act license through the NMLS then you should click this link to renew your Small Loan license.

Non-Residential Consumer Credit Act / Small Loan Act Combination Renewal: Any company that will not conduct residential lending can renew thier license by clicking this link.