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What are the continuing education requirements for Mortgage Brokers?
By May 31st of each year, mortage brokers must submit to the Commissioner proof that each person who supervises the daily business of the mortgage broker has completed at least 10 hours of certified continuing education during the 12 months immediately preceding the date the license expires.
What are the continuing education requirements for Mortgage Agents?
A mortgage agent must complete at least 10 hours of certified courses of continuing education during the year immediately preceding the date on which the license expires to maintain the license.
What is the annual renewal period for Mortgage Brokers?
Mortgage broker licenses expire annually on June 30. Renewals must be submitted to the Division by May 31.
What is the annual renewal period for Mortgage Agents?
A mortgage agent license expires 1 year after the date the license is issued.
Can I carry over continuing education hours from one renewal cycle
to the next?
Class hours used for prior renewals may not be used to meet current education requirements, although excess hours may be used or carried forward.
What happens if I don’t complete my continuing education requirement?
If an agent fails to renew their license, they must immediately cease conducting business until they have completed the license renewal requirements and pay an additional $75 reinstatement fee. The Division will consider any mortgage activity conducted by an agent following their failure to renew to be a violation of statute and may subject both the broker and agent to administrative action and/or fines.
What are the requirements to become a Mortgage Agent in Nevada?
You’re required by Nevada law to complete an application, including a Personal History Record, Child Support Statement and two sets of fingerprints to become a Mortgage Agent. Education is not required for initial application as a Mortgage Agent. Agents may begin conducting business upon submission of the application. For detailed information, visit ProSchools' License Requirement's page.
For more information on ProSchools' online continuing education courses, visit our catalog. |