National

  • National Mortgage Licensure Requirements

    Please contact your state agency for specific requirements, but generally mortgage loan originators are required to:

    1. Complete a Criminal Background Check (CBC).
    2. Authorize a credit report through the NMLS.
    3. Fulfill all state and federal education requirements as designated by your state agency.
    4. Take and pass a National Test.
  • National Pre-Licensing Education Requirements

    New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

    1. 3 hours of federal law
    2. 3 hours of ethics
    3. 2 hours of non-traditional mortgage lending
    4. 12 hours of electives
  • National Continuing Education Requirements

    State-licensed MLOs are required to complete 8 hours of NMLS-approved education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

    1. 3 hours of federal law
    2. 2 hours of ethics
    3. 2 hours of non-traditional mortgage lending
    4. 1 hour of electives

    MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

  • National More Information

    NMLS Resources

    Professional Standards: Education – click here
    Professional Standards: Criminal Background Check – click here
    Professional Standards: Credit Report – click here
    Professional Standards: Education – click here
    Professional Standards: Testing – click here 


    Other Resources 

    Doing business in Guam?

    Please contact the Guam Department of Revenue and Taxation:

    Phone: 671-635-1843
    Email: ohn.carlos@revtax.guam.gov or robert.tongson@revtax.guam.gov
    Website: www.guamtax.com

    View the Guam MLO License Description Page here.

    Doing business in Puerto Rico?

    Please contact the Puerto Rico Bureau of Financial Institutions: 

    Phone: 787-723-8403
    Email: reglamentacion@ocif.gobierno.pr
    Website: www.ocif.gobierno.pr

     

    View the Puerto Rico MLO License Description Page here.

    Doing business in the Virgin Islands? 

    Virgin Islands Office of Lieutenant Governor Division of Banking and Insurance

    Phone: 340-774-7166
    Email: gail.joseph@lgo-vi.gov
    Website: ltg.gov.vi/division-of-banking-and-insurance 

    View the Virgin Islands MLO License Description Page here.

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