State Licensed Mortgage Loan Originators (DBO and CalBRE) must complete 8 hours of Continuing Education Every Year
Yes, every year, not every four years like Real Estate License Renewals.
According to the NMLS, the number-one question they receive from Mortgage Loan Originators is, “Do I need to do CE?” If you’re not sure, you should log into NMLS to review your education requirements. Your Course Completion Record will indicate whether you still need to earn Continuing Education this year. The NMLS has prepared a quick guide to help you navigate your record.
The NMLS also reminds MLOs that: You may not complete the same CE course as last year.
Pre-license education courses do not count toward CE. However, MLOs do not need to take continuing education in the same calendar year in which they took an NMLS-approved 20-hour pre-license course. Nearly half of all state agencies have a state-specific CE requirement.
See the NMLS 2017 State-Specific Education Requirements Chart for the number of hours and other requirements. Several state agencies have early CE or renewal deadlines. Check the state-specific education requirements chart for details.
The continuing education must be completed by the student, submitted by the school, and processed by the NMLS before December 31st.
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