Reminder of Requirement for Annual Continuing Education
The following message is being sent to MLOs who are not yet compliant for CE:
This is a reminder that the SAFE Act requires individual mortgage loan originators (MLOs) to complete 8 hours of NMLS approved continuing education (CE) annually. The 8 hours of continuing education must include 3 hours in federal law, 2 hours of ethics (to include fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, and 1 hour of elective. To register for a course, go to NMLS Education.
In addition to meeting the minimum federal requirements, a number of states also have state-specific education requirements that must be met. For details see State CE Requirement Chart.
A majority of state regulators will prevent an MLO from submitting an application for licensure renewal if they have not completed CE. Since it may take as long as 7 days for a course provider to report a course completion into NMLS, MLOs are strongly advised not to wait until a state agency’s deadline to try to complete CE or they may be prevented from submitting for renewal on time.
Course providers have 7 calendar days to report course completions. It also takes 24 hours for a course completion to be recognized in NMLS and for the system to recognize you are eligible for renewal.
Smart Deadline: Courses reported to NMLS by Thurs, Dec 21
At Risk To Miss Renewal: Courses reported to NMLS by Fri, Dec 28
Guaranteed to Miss Renewal:Courses reported to NMLS Mon, Dec 31
NOTE: The last day for technical or customer service support for on-time CE reporting is Friday, December 28.
Additional information about the annual CE requirement and a list of approved courses is available at NMLS Education.