State Licensing Guide

Are You Licensed to Buy That Mortgage Note?

If you’re actively buying notes, this free guide could save you from costly penalties, protect your deals, and help you navigate the patchwork of state regulations every note investor should know.

When it comes to mortgage note investing, the rules aren’t always clear — and getting it wrong can cost you. Certain states require specific licenses to buy, hold, or collect on mortgage debt, whether it’s performing, non-performing, first liens, or seconds. Even passive investors using licensed servicers aren’t always exempt.

That’s why we created this free State Licensing Guide for Buying Mortgage Debt — to help you avoid regulatory pitfalls and keep your deals clean.

✅ What You’ll Get Inside:

  • A state-by-state breakdown of licensing requirements for note investors
  • When you need a license — and when you might be exempt
  • First lien vs. second lien rules you’ll want to know
  • Consumer-purpose vs. business-purpose loan guidance
  • Compliance best practices for active investors scaling their portfolios

📩 Why You Need This Guide:
Whether you’re a first-time note buyer or an experienced investor expanding into new states, this guide gives you the clarity and confidence to operate legally and profitably. Avoid cease and desist orders, hefty fines, or deal delays by knowing the rules before you close.