Cited U.S. licensing timelines
FastLicense is a free public directory of cited statutory clocks and regulator-published processing times for U.S. collection agency, consumer lending, money transmitter, and mortgage company licenses across 50 states.
Best for: operators planning collection, lending, money transmitter, and mortgage license filings and launch dates.
For operators sequencing collection, consumer lending, money transmission, and mortgage company filings. Fifty states. A figure appears when a statute or a regulator page publishes it.
TX · Money transmitter
120days
Statutory clock. Deemed approval if the agency is silent. The period may be extended for good cause. Clock starts: the date the commissioner determines the application is complete.
The problem
A launch calendar is only as sturdy as the clock underneath it. These are the three places that clock gets misread.
The statutory windows in this directory start when the agency treats the application as complete, not the hour someone clicks submit. A deficiency letter is how most long waits begin.
A 120-day money-transmitter statute is a decision deadline after completeness. Several of those statutes allow an extension for good cause. Silence counts as approval only where the cited section says so.
Most of the 200 pair pages have no regulator-published typical range. The blank is deliberate, so a planning number has to come from a source you can open.
The directory
Six clocks have a statute or a regulator-published timeframe. Every other pair resolves to “typical range unknown,” with the regulator desk named on the full page.
120days
The banking commissioner must approve or deny a completed money-services application by the 120th day after the completion date. If neither happens, the application is approved and the license takes effect the next business day. The period may be extended for good cause.
The panel reads the same clocks as the state pages. Changing the state or the license does not create a timeframe.
Proof
Nothing else in the directory is given a number. California’s three-week figure is an individual MLO endorsement window, kept adjacent to the company license.
120 days
120 days after the application is complete
120 days
120 days after the application is complete
120 days
120-day complete-application clock under the Illinois MTMA
120 days
120 days after the application is complete
90 days
90 days from filing, extendable with the applicant’s written consent
21 days
DRE: new MLO endorsement filings reviewed within 3 weeks (as of 4 May 2026)
How the desk is used
FAQ
A statute that tells the agency to approve or deny within a stated number of days after a defined start, usually the date the application is complete. It is an outer bound. Several money-transmitter statutes allow an extension for good cause. Deemed approval, meaning silence counting as a yes, is marked only where the cited section says so. New York’s money-transmitter statute does not.
A typical range is printed only when the regulator publishes one. This build has 6 clocks with a statute or a regulator-published timeframe, accessed 2026-08-29. The other state × license pairs stay blank. The method is written out on the methods page.
NMLS is how many of these company licenses are requested. It does not replace the state review clock. Completeness (documents, fees, attestations, and where required the FBI background-check response) is what starts most of the statutory clocks cited here.
A file the agency has not marked complete. NMLS describes FBI fingerprint results as usually about 48 hours, and name-check processing as up to 90 days. Prints older than 180 days expire. Control-person gaps, a bond in the wrong name, financials that do not match the statute, and an on-site exam are the other delays this desk cites. The list is on delays.
California DRE said, as of 4 May 2026, that new mortgage loan originator endorsement filings were reviewed within three weeks of submission. That is an individual endorsement clock. It is labeled adjacent on the California mortgage page. It is not a published typical time for a company lender or broker license at DFPI.
For these four cores, the directory does not cite a general, regulator-published paid expedite that shortens company-license review. What moves a date is a complete first filing: the MU1 and state checklist, background checks inside the fingerprint window, the bond in the name the checklist uses, and answers to deficiency letters. Detail is on expedite.
Cornerstone Licensing. FastLicense publishes the clocks. Use Ask Cornerstone for a timeline review of a real file. Keep social-security numbers and full financials on that desk, not in a note to this satellite.
These pages cite United States statutes and United States regulator notices for the four cores. An FCA authorisation timetable is a different desk and is not published here. If the filing is in a U.S. state, read that state’s page, then ask Cornerstone to sequence the file.
Filing desk
FastLicense publishes the clocks it can cite. Cornerstone Licensing prepares and files collection, lending, money transmitter, and mortgage company applications.