- Duration: 8 hours
How to Renew Your South Carolina 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 1 hour of SC-BFI/DCA-specific education. Number of hours is 3/2/2/+ 1hr of SC-BFI/DCA 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 November 30. However, MLOs with South Carolina-BFI/DCA 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)
Disclaimer: Course requirements and pricing are subject to change. Students are advised to verify all necessary licensing and education requirements with the appropriate state department or licensing agency prior to purchase. All courses offered on this site are processed and administered through third-party companies. Cameron.Academy does not process payments nor issue refunds. Responsibilities of the user-selected third-party company (or companies) include publishing and updating content, payment processing and refunds, administering and/or hosting courses, monitoring, grading, reporting, issuing certification (paper and/or digital), and providing various products. All customer and/or technical support will be provided through the user-selected third-party. Therefore, Cameron.Academy does not assume any responsibility nor liability for issues that may arise as a result of purchasing these third-party courses and/or products.