Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is continuing education required to maintain my state license(s) (under the NMLS)?

April 26, 2017Continuing Education license maintain nmls s State

0

Posted

Is continuing education required to maintain my state license(s) (under the NMLS)?

1 Answer

0

Posted

Yes. The SAFE Act requires mortgage loan originators to complete eight hours of NMLS approved continuing education annually. However, mortgage loan originators do not need to take continuing education in the calendar year in which their first NMLS state license was granted. As a result of the transition to the NMLS, only some states require inviduals to complete continuing education in 2010. You can view a summary of this information here at the NMLS website.