Licensing Requirements
The SAFE Act requires Utah licensed mortgage loan originators to meet minimum licensing standards. The minimum requirements to be licensed mortgage loan originator by the Utah Division of Real Estate are:
- Complete 20 hours of NMLS-approved prelicense education. The education must include a minimum of:
- three hours of federal mortgage law;
- three hours of ethics;
- two hours related to the nontraditional mortgage market place.
- Complete 40 hours of Utah Division of Real Estate-approved education.
- Pass the national component of the SAFE MLO Test and the Utah component of the SAFE MLO Test.
- Submit fingerprints to the NMLS for a criminal background check.
- Authorize a credit report within the NMLS.
- Register and obtain a Unique Identifier with the NMLS.
The minimum requirements to be licensed mortgage loan originator by the Utah Department of Financial Institutions are:
- Complete 20 hours of NMLS-approved prelicense education. The education must include a minimum of:
- three hours of federal mortgage law;
- three hours of ethics;
- two hours related to the nontraditional mortgage market place.
- Pass the national component of the SAFE MLO Test and the Utah component of the SAFE MLO Test.
- Submit fingerprints to the NMLS for a criminal background check.
- Authorize a credit report within the NMLS.
- Register and obtain a Unique Identifier with the NMLS.
For information on Utah licensing requirements, visit the Utah Division of Real Estate
website, Utah Department of Financial Institutions
website or the Nationwide Mortgage Licensing System
website.