Home Improvement Seller and Branches

HI: Home Improvement Finance Seller
The main office of any business involved in the financing of home improvements which are secured by a mortgage or lien on real property. This provision applies to a business that directly or indirectly enters into two or more home improvement contracts, each of which is for consideration of $500 or more, in any calendar year. This license is required for a contractor who repairs, remodels or adds improvements to a single family residence pursuant to a written agreement, and when a mortgage lien on the property is retained as security. A home improvement contractor may also need a Retail Installment Seller license for contracts on which there is no mortgage taken as security for the loan.

HIB: Home Improvement Finance Seller Branch
Any location other than the main office.