As of Saturday, October 3, 2015, the SAFE MLO National Test with Uniform State Content will reflect changes to the content outline. These changes represent the results of the job analysis study NMLS recently completed as well as the TILA-RESPA Integrated Disclosure Rule (TRID). Anybody taking the test on or after October 3 will see the changes.
NMLS has received several phone calls from test candidates asking if they will see the new changes even if they enrolled for the test prior to October 3. The answer is yes. For example: if somebody enrolled for the test on September 15, 2015 and is scheduled to take the test on October 4, the will be tested on the new test content outline.
Bottom line: Anybody taking the test on or after October 3, 2015 will be tested on the new National Test Content Outline
NMLS has posted an updated course content out line for Montana.
Education Notices are published to inform providers of state-specific course content requirements and to provide an agency-approved references list.
All current Education Notices are available on the policy page of the course provider section of the NMLS Resource Center.
NMLS is now on Twitter! We’re tweeting daily everything an MLO needs to know to be prepared for the upcoming renewal period. Call center information, CE requirements and deadlines, renewal trends and more. Click to start following:
If you are offering courses or have content that discusses FHA please be advised that next Monday, September 14, 2015, is the effective date of the new Single Family Housing Policy Handbook (HUD Handbook 4000.1). The new handbook is intended to consolidate all SF Mortgagee Letters, Housing Notices, Handbooks, and other policy documents into a single source that will be maintained and updated in near real time. Going forward this is the primary document that should be referenced when discussing FHA policy. Extensive FAQs and other information is available on HUD’s website.
NMLS has updated its Notice on Submitting Late CE Courses for the new catalog to be posted on January 2, 2016. Late CE courses are those courses that an MLO is required to complete to make-up a previous year’s CE requirement. The upcoming catalog will satisfy outstanding CE requirements for years 2010 through 2015. Courses considered for the Late CE catalog are required to be a duplicate of currently approved courses which have a specific course number and offering so that credit can be retroactively applied to a previous year.
For a course to qualify for the Late CE catalog, the already approved course, or “parent” course, must be NMLS approved before it can be submitted for the Late CE catalog. The last day the “parent” course can be approved and eligible for the Late CE catalog is October 31, 2015. Note: there will be no exceptions to the October 31 deadline. Initial reviews take 15-20 business days and often require revisions and another review cycle. Allow ample time for the course review process.
Currently active Late CE courses that were approved for the 2015 catalog may be renewed between December 1-15 for entry into the 2016 Late CE catalog, so long as the “parent” course is active and in good standing.
The notice details the administration of Late CE and the number and types of courses that are included in the catalog and is available on the NMLS Education Policies page of the Resource Center. Course providers seeking to participate in the Late CE catalog must meet the deadlines and other criteria as detailed in the notice.
Questions regarding Late CE courses are to be directed to Mike Bray (MBray@CSBS.org).
We’re pleased to announce that in preparation of the upcoming renewal period NMLS has joined Twitter.
The goal of the account is to disseminate information to state-licensed individuals on important renewal related information including key dates, education opportunities, information sources, etc. With the usage of Twitter throughout the renewal period, which runs from November 1 through December 31, NMLS hopes to establish a presence where a majority of licensees are already interacting and exchanging information. Through”tweeting” we will be sharing state-specific requirements, deadlines, and other reminders that are intended to help MLOs apply for renewal early.
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