What are the continuing education and testing requirements?
Iowa requires Mortgage brokers and Mortgage Bankers to complete twelve hours of continuing education each year prior to the renewal of their registration. The continuing education year runs from May 1 to April 30th for a registration subject to renewal June 1. For example, registration renewals are due June 1, 2007, and mortgage brokers and mortgage bankers need to have completed their twelve hours of continuing education between May 1, 2006, and April 30, 2007.

Can I carry over continuing education hours from one renewal cycle
to the next?
No.

What happens if I don’t complete my continuing education requirement?
Any person who fails to meet the continuing education requirement may not function as a mortgage broker or mortgage banker.

What are the requirements to register as a mortgage broker or mortgage banker in Iowa?
Visit ProSchools' License Requirements page for detailed information on how to become registered as a mortgage broker or mortgage banker.

For more details on staying in compliance with ProSchools' online continuing education courses, click here.