The Hawaii Department of Financial Institutions (HI-DFI) has notified NMLS of a change to its pre-licensure education requirements. Effective July 1, 2013, individuals seeking licensure with HI-DFI will be required to complete three (3) hours of HI-DFI-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;
9 hours of General Electives
3 hours of HI-DFI 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 need 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 Administrative Notices.