Continuing Education Requirements (SAFE Act - Federal
Requirements)
Basic
Requirements
Number of Hours
Topic
3
Federal Laws
2
Ethics
2
Lending Standards -
Non-Traditional Loans
1
Electives (May Include
State Law or Test Prep)
Continuing Education
Courses:
May be instructor led or on-line (Self-paced)
Are not being approved by NMLS
currently - continue utilizing state approved CE until 12/31/2010
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 (Source NMLS - date
9/1/2009)
State
State Specific
Additional
Total Hours
KY
4
4
12
MT-New MLO
0
4
12
NJ
2
4
12
NY-New MLO
3
3
11
NY-Current MLO
3
3
11
CO
0
1
10
LA
0
2
10
OR
2
2
10
WA-MBPA-Existing
1
1
9
WA-MBPA-New
1
1
9
WA-CLA
1
1
9
Some States Require that a certain
number of the elective hours be devoted to state specific law
(Source NMLS - date 9/1/2009)
State
State Specific
Total Number of hours CE
AZ
1
8
DC
1
8
MA
1
8
NM
1
8
NC
1
8
PA
1
8
RI-New MLO
1
8
WV-New MLO
1
8
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copyright 2009
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Lendertraining.com is the leading provider of training and process
management programs for the credit industry.
1 Research Court, Suite 450
Rockville, MD 20850
877-91 TRAIN
lendertraining.com
copyright 2009
Lendertraining.com is the leading provider of training and process
management programs for the credit industry.
1 Research Court, Suite 450
Rockville, MD 20850
877-91 TRAIN
lendertraining.com
copyright 2009
Lendertraining.com is the leading provider of training and process
management programs for the credit industry.
