What are the license renewal and continuing education requirements?
Loan originators are required to renew their registration before September 30 of each year and show proof of 12 hours of continuing education in that period.

When do the license and registration expire?
Licenses and exemption certificates expire on September 30 of the year immediately following the year issued or filed. The renewal application and fee are due on or before September 30 to avoid late penalties. Loan originator registrations expire on September 30 of the year immediately following the year issued or filed.

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

What if renewal applications and fees are submitted late?
Annual license/registration renewal applications and fees are considered late if not received by the Department on or before September 30. A late fee of $25 per day is assessed, as well as the renewal price of the license/registration increasing to the initial amount of the license/registration.

When will I receive the renewal forms for the licenses?
These forms are mailed to the licensing contact of the company on file with the Department in mid to late July.

What are the requirements to become a loan originator in Mississippi
Mississippi law requires loan originators submit an application to become a loan originator. Qualifications include being employed by only one Mississippi licensed or registered mortgage company and passing a background check. There are no initial education requirements to become a registered loan originator. Visit ProSchools' License Requirements page for more detailed information.

For more details on becoming a licensed mortgage lender, click here.