- Duration: 8 hours
How to Renew Your Michigan Mortgage Loan Originator (MLO) License
Continuing Education Requirements MLO
Every state-licensed MLO (in any approved status) is required to complete at least 8 hours of NMLS approved education annually beginning the year they are licensed (unless PE was completed in the same year). Annual CE education must include 3 hours of Federal law, 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), and 2 hours of non-traditional mortgage lending, plus one (1) additional hour of MA-specific education (referred to as an elective). Number of hours is 3/2/2/+ 1hr of MA law = 8
EXAMPLE: Am I required to take Continuing Education this year?
- If I became federal compliant for PE between 2009 – 2017 and was licensed between 2009 – 2018 am I required to complete CE in 2019. YES
- If I became compliant for PE in 2019 and I was approved for an initial license in 2019 am I required to complete CE in 2019. NO
The deadline to complete CE is December 31. However, MLOs in Massachusetts are prohibited from applying to renew their license if they have not completed CE. Since it may take as long as seven (7) days for a course provider to report a course completion into NMLS, MLOs are strongly encouraged not to wait until the last minute to try to complete CE or they may be prevented from submitting for renewal on time.
Are You Late? No Worries.
- Late Renewal Compliance Course (Click Here)
“Did You Find What You Need?” For Additional Renewal Information:
- National and/or State Licensing Authority (Click Here)
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