Colorado mortgage loan originators were required to complete education and testing under previous laws, prior to the SAFE Act. Mortgage originators in CO luck out — they are eligible to have their Colorado prelicense education and State Component of the SAFE Test certified. For a lot of MLOs, this means the
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A few weeks ago ProSchools got the 20-Hour Iowa SAFE Comprehensive Course approved. Now the big question is this:Who in Iowa needs it?Since Iowa has already had loan originator education in place for a couple years, most current Iowa mortgage licensees will have their past education “certified.” That means they won&r
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Every state is a little different when it comes to mortgage originator continuing education. Here is a quick look at Utah’s renewal requirement:If you are a Utah mortgage loan originator and got licensed prior to October 1, 2009, you need to complete 14 hours of Utah DRE or NMLS-approved continuing education in 2010 in order to ren
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In looking over the NMLS website for upcoming dates of when states will have their State Test Component available, I think these are the last states:
Florida, Nevada, and Minnesota had their State Component available on October 1.
Alaska, Hawaii, and Maine will have their State Component available November 5.
As a reminder, mortgage loan
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Last week the South Carolina Board of Financial Institutions (BFI) sent out a memo extending the processing and licensing deadline for mortgage lenders, servicer applicants, and mortgage loan originators until December 31, 2010. Looks like July 30, 2010 was the previous deadline. Keep in mind SC has MLOs licensed under Department
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On July 1, 2010, Alaska passed and signed into law the Alaska SAFE Act 2010, bringing the state into compliance with the Federal SAFE Act.Looks like Alaska mortgage loan originators licensed before July 1, 2010 will need to complete 20 hrs of NMLS education by November 1. New Alaska loan originators (those applying after July
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