Will state-approved courses taken previously be counted towards the 20-hour prelicense requirements?
Yes. States that have existing education requirements in place should continue administering those requirements through at least 2009 and beyond depending on each state’s SAFE Act transition dates. However, the NMLS will not accept “partial hours” from existing licensees so a state-licensed loan originator that currently has less than 20 hour should complete their education as soon as possible or they will be required to take the full 20 hours.
Related Questions
- Can the required core minor courses in CAS also count towards core major requirements for students in the Business School since both programs require two of the same courses?
- Will state-approved courses taken previously be counted towards the 20-hour prelicense requirements?
- What are the entry requirements for post-graduate, undergraduate and MBA courses?
