Education Notice Posted for Tennessee Department of Financial Institutions New Pre-Licensure Education Requirements Effective July 1, 201


The Tennessee Department of Financial Institutions (TDFI) has notified NMLS of a change to its pre-licensure education requirements.   Effective July 1, 2013, individuals seeking licensure with TDFI will be required to complete two (2) hours of TDFI-specific education.  The new pre-licensure education requirements are as follows:

– 3 hours of Federal Law;
– 3 hours of Ethics (must include fraud, consumer protection, and fair lending issues);
– 2 hours lending standards for Non-Traditional mortgage products;
– 10 hours of General Electives
– 2 hours of TDFI Defined Electives
Total = 20 hours

NMLS has posted an Education Notice explaining in detail the new education requirements.   Course providers intending to offer a course to meet the new requirements are strongly encouraged to pay close attention to the content requirements and reference list contained in the education notice.  The notice may found on the course provider section of the NMLS Resource Center under the section labeled Notices and Examples at: http://mortgage.nationwidelicensingsystem.org/courseprovider/Course%20Provider%20Resources/TN%20Education%20Notice%20Final.pdf

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