What are the educational requirements for mortgage brokers and mortgage agents to obtain and renew their licenses?
Mortgage broker licenses expire annually on June 30. Renewals must be submitted to the Division annually by May 31. NRS 645B.051 requires the broker to provide satisfactory proof at renewal that the licensee attended at least 10 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires. For purposes of NRS 645B.051 the term licensee includes the qualified employee and/or any owner or officer conducting business on behalf of the licensee in Nevada. A mortgage agent license issued pursuant to NRS 645B.410 expires 1 year after the date the license is issued. Individual agent renewal dates may be verified in the mortgage agent search section of our website. NRS 645B.430 requires the agent to provide satisfactory proof at renewal that the agent attended at least 10 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires. There are no education
Mortgage broker licenses expire annually on June 30. Renewals must be submitted to the Division annually by May 31. NRS 645B.051 requires the broker to provide satisfactory proof at renewal that the licensee attended at least 10 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires. For purposes of NRS 645B.051 the term licensee includes the qualified employee and/or any owner or officer conducting business on behalf of the licensee in Nevada. In addition, if the licensed entity was issued a mortgage broker license after September 30, 2005, then by June 1, 2009, all owners of the licensed entity who conduct mortgage lending activity in Nevada on behalf of the licensed entity must provide evidence of completion of 30 hours of certified courses of pre-licensing education or, alternatively, a score card evidencing passing the state examination administered by PSI. If a qualified employee was approved as a qualif
