Branch Offices

Branch Offices 1. Wholesale lending offices having no direct contact with consumers are not required to be licensed. No origination or modification of a Mississippi residential mortgage loan may occur at such locations. A wholesale lending office/branch may accept payments on a residential mortgage loan. 2. A branch office will be considered “open” if the signage is in place, a branch license has been applied for and approved, advertising has been placed and/or there is an unlocked door or no signage on the door indicating that the branch office is closed or not yet open for business. If the branch meets the other conditions to be considered “open” without prior approval from the Department, then a civil money penalty will be issued to the company, and the branch license may be denied.