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Montana NMLS-Approved Continuing Education Courses & License Renewal Requirements

Convenient and NMLS-Approved
ProSchools' online courses meet your continuing education requirement as mandated by the SAFE Act. Courses contain easy-to-understand lessons, easy access to your instructor, and flexible online learning allowing you to move through the course quickly. Plus, our Customer Support team and your instructor are always here to help you along. Upon course completion ProSchools "banks" your completion record to the NMLS. There is a $1.50 per hour mandatory NMLS-Banking fee that will be added at checkout. 

Note: Montana requires a total of 12 hours of CE annually. ProSchools' NMLS-approved CE courses will satisfy up to 8 hours of the CE requirement. Please check back soon for new Elective courses!

Montana Mortgage Lending Continuing Education 0 hours selected
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Title (click for details) Hours Format Price  
NMLS-Approved 8 Hour SAFE Comprehensive CE 8 Online
$125.00
NMLS-Approved 7 Hour SAFE Core CE 7 Online
$99.00
NMLS-Approved 3 Hour SAFE Federal Mortgage Laws CE 3 Online
$85.00
NMLS-Approved 2 Hour SAFE Lending Ethics CE 2 Online
$75.00
NMLS-Approved 2 Hour SAFE Nontraditional Mortgage Products CE 2 Online
$75.00
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Montana Mortgage Loan Originator Continuing Education Requirements
In order to renew a Montana license for 2011, all mortgage loan originators must complete 12 hours of NMLS-approved CE during calendar year 2010. The CE must include 3 hours of federal law; 2 hours of ethics including fraud, consumer protection and fair lending issues; 2 hours related to lending standards for nontraditional mortgage products and 5 hours of electives.

Montana Mortgage Loan Originator License Requirements
The new requirements to be licensed as an Montana loan originator are:

  1. Complete 20 hours of approved prelicense education. Licensees who have completed a minimum of 20 hours of Montana-approved continuing education by November 1, 2009 will be eligible to have their hours certified and will not have to complete the prelicense education requirement. Individuals who are not eligible to have their education certified will need to complete 20 hours of NMLS-approved education.
  2. Pass a national background check and authorize a credit report through NMLS by by their transition date, either March 1, 2010 or May 31, 2010. The background check is available now, however, the ability to authorize a credit report through NMLS is not currently available. Once it is available this web page will be updated.
  3. Pass the SAFE Mortgage Loan Originator Test. The SAFE Mortgage Loan Originator test is actually two exams, a national exam and a state exam, which may be taken separately.
  4. Register with the Nationwide Mortgage Licensing Registry (NMLS).

To permit an orderly transition to the new Montana loan originator licensing requirements, the deadlines to complete the education and pass the national and Montana components of the SAFE Mortgage Loan Originator Tests are:

  1. Mortgage loan originators whose licenses expire on June 30, 2010 must meet the new requirements by May 31, 2010.
  2. Mortgage loan originators whose licenses expire on April 1, 2010 must meet the new requirements by March 1, 2010.

Note: The Montana component of the SAFE Mortgage Loan Originator Test is not expected to be available until May or June 2010 so the deadline to pass that test will likely be the end of 2010.

SAFE Mortgage Loan Originator Test Information

The SAFE Mortgage Loan Originator Test consists of two separate exams called "components":

  1. National component (100 questions with 90 scored and 10 unscored): The exam will cover: 1) Federal mortgage-related laws (35%); 2) General mortgage knowledge (25%); 3) Mortgage loan origination activities (25%); 4) Ethics (15%)
  2. Montana component is in development. It is expected to be available in May or June 2010.

To schedule and take an exam you must:

  1. Create an account in NMLS. Anyone seeking a license must have or create an account in NMLS prior to enrolling.
  2. Enroll in the National and/or State-specific test. The fees for the exam will be paid at the time of enrollment through the NMLS.
  3. Study for the exam. Note: You are not required to complete your prelicense education prior to taking the exam!
  4. Schedule your exam through either Prometric or Pearson VUE. The test is administered at nearly 500 locations nationwide.
  5. Arrive at the test center 30 minutes prior to your appointment with current government-issued ID that contains a photo and signature.

This NMLS-approved 8 Hour SAFE Comprehensive CE course satisfies the hours mandated by the SAFE Act. The SAFE Act requires a minimum of 3 hours of Federal laws and rules; 2 hours of ethics, including fraud, consumer protection, and fair lending issues; and 2 hours of training related to lending standards for nontraditional mortgage products to renew each year.

There is a $1.50 per hour mandatory NMLS-Banking fee that will be added at checkout.
Click course title for detailed information.

This NMLS-approved 7 Hour SAFE Core CE course satisfies the hours mandated by the SAFE Act. The SAFE Act requires a minimum of 3 hours of Federal laws and rules; 2 hours of ethics, including fraud, consumer protection, and fair lending issues; and 2 hours of training related to lending standards for nontraditional mortgage products.

There is a $1.50 per hour mandatory NMLS-Banking fee that will be added at checkout.
Click course title for detailed information.

This NMLS-approved 3 Hour SAFE Federal Mortgage Law CE course satisfies the 3 hours of required Federal law mandated by the SAFE Act to renew each year. The course focuses on: Real Estate Settlement Procedures Act (RESPA) and the Equal Credit Opportunity Act (ECOA). Each law is broken down and explained, including purpose, prohibited actions, notification and disclosure requirements, and complaint and enforcement procedures.

There is a $1.50 per hour mandatory NMLS-Banking fee that will be added at checkout.
Click course title for detailed information.

This NMLS-approved 2 Hour SAFE Lending Ethics CE course satisfies the required 2 hours of Ethics mandated by the SAFE Act to renew each year. The course focuses on ethical practices in mortgage lending; the identification and prevention of loan fraud; and the prevention of housing discrimination through: the Fair Housing Act, the Home Mortgage Disclosure Act (HMDA), and the Community Reinvestment Act.

There is a $1.50 per hour mandatory NMLS-Banking fee that will be added at checkout.
Click course title for detailed information.

This NMLS-approved 2 Hour SAFE Nontraditional Mortgage Products CE course satisfies the required 2 hours of Nontraditional Mortgage Products mandated by the SAFE Act to renew each year. The course focuses on loan fraud, ethical practices and professional responsibilities in mortgage lending, and federal fair lending laws that prohibit discrimination in housing.

There is a $1.50 per hour mandatory NMLS-Banking fee that will be added at checkout.
Click course title for detailed information.
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