Reminder for State-Licensed Mortgage Loan Originators to Complete Annual CE

The Mortgage Bankers Association reminds state-licensed mortgage loan originators that they must complete eight hours of continuing education annually.  

The SAFE Act requires state-licensed MLOs to complete eight hours of National Mortgage Licensing System-approved continuing education annually. MBA urges MLOs to carefully review ‘their education records to see if this requirement is applicable to them as a licensee.   Directions for how to view your record are available on the NMLS Resource Center:  

As of August 17, your course completion record shows as “pending” for 2015 if you have not completed your CE requirements for your license. You are required to complete CE in the 2015 calendar year to renew your license for 2016, just as you may have done in 2014.  

When reviewing your education record in NMLS, note the following:  

–A green checkmark means you are compliant for CE.

–A yellow caution symbol means you need to complete a course.

–The statement “No Federal CE Requirements” or “No State CE Requirements” means you do not have a CE requirement.

–You may not take the same CE course you did last year.

–A course showing zero hours applied means you did not need to complete CE.

–Pre-Licensure (PE) courses do not count towards CE.  

After you have completed CE, your course provider will report the course completion to NMLS within seven calendar days. You must allow sufficient time for the CE to be reported and to file for renewal.  

Key 2015 CE Deadlines:

–SMART DEADLINE: CE course(s) reported to NMLS by Friday, December 19

–AT RISK TO MISS RENEWAL: Course(s) reported to NMLS by Friday, December 26

–GUARANTEED TO MISS RENEWAL: Course(s) reported to NMLS on Wednesday, December 31  

Consult state-specific education charts for agencies with early deadlines and other specific requirements: Provider Resources/State Specific Education Requirements.pdf