On July 15, 2015, NMLS will place a license item on every state MLO license not yet compliant for Continuing Education (CE) in 2015. The purpose of the license item is to remind individuals that they need to complete CE as a condition to renew their license for 2016. What you need to know:
- An MLO and the company account administrator will receive an email regarding the placement of the license item on every license they hold that is not yet compliant for 2015.
- The license item does NOT impact a MLO’s current license status or the ability to originate loans; it is simply a reminder to complete CE this calendar year.
- The e-mail and license item does not have anything to do with any CE that was completed in calendar year 2014 or earlier.
The setting of the CE license item may result in course providers to receive an increased number of calls from MLOs asking about their CE status. MLOs should be advised that they can see current year requirements and can review previously completed CE by logging in to NMLS and clicking “View Education Record.”