|
Pre-Licensing Education Requirements (SAFE Act - Federal
Requirements) |
|
Basic
Requirements |
|
Number of Hours |
Topic |
|
3 |
Federal Laws |
|
3 |
Ethics |
|
2 |
Lending Standards -
Non-Traditional Loans |
|
12 |
Electives (May Include
State Law or Test Prep) |
|
Pre-Licensing Courses MUST be:
Many states also require that the
courses be approved by their licensing division, so a course's
approval by the NMLS does NOT mean that the course is
necessarily approved by the State. |
|
Some States Require Education Above
and beyond the SAFE Act Required Hours (From NMLS Site) |
|
State |
State Specific |
Total Additional |
Total Hours |
|
TX-SML-Group 2 |
0 |
10 or 40 |
30 or 60 |
|
TX-SML-Group 3 |
0 |
10 or 40 |
30 or 60 |
|
UT-DRE-New MLO |
10 |
40 |
60 |
|
LA* |
0 |
4 |
24 |
|
NC* |
4 |
4 |
24 |
|
OH |
4 |
4 |
24 |
|
|
|
Some States Require that a certain
number of the elective hours be devoted to state specific law |
|
State |
State Specific |
Total Additional |
Total Hours |
|
UT-DRE-New MLO |
10 |
40 |
60 |
|
MD* |
5 |
0 |
20 |
|
NC* |
4 |
4 |
24 |
|
OH |
4 |
4 |
24 |
|
AZ* |
4 |
0 |
20 |
|
NJ |
4 |
0 |
20 |
|
DC |
3 |
0 |
20 |
|
MA* |
3 |
0 |
20 |
|
NM |
3 |
0 |
20 |
|
NY-New MLO |
3 |
0 |
20 |
|
NY-Current MLO |
3 |
0 |
20 |
|
PA* |
3 |
0 |
20 |
|
RI*-New MLO |
3 |
0 |
20 |
|
WA*-MBPA-Existing |
2 |
0 |
20 |
|
WA*-MBPA-New |
2 |
0 |
20 |
|
WA*-CLA |
2 |
0 |
20 |
|
WV-New MLO |
2 |
0 |
20 |
|
|
