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To do business as a mortgage loan originator, you need to: Apply for an NMLS account and ID number. Complete your Nevada mortgage Pre-license Education ("PE"). Pass a licensing exam. Apply for your Nevada mortgage license though the NMLS. Complete background checks and pay all fees.
To satisfy the requirements for continuing education (CE) provided for in NRS 645B. 051 or 645B. 430 , a mortgage company or mortgage loan originator must complete at least 8 hours of approved courses of continuing education during the 12 months immediately preceding the date on which the license expires.
As a condition to maintain a state-issued MLO license, MLOs are required to complete 8 hours of annual continuing education which shall include 3 hours of Federal Law, 2 hours of Ethics (which shall include fraud, consumer protection, and fair lending), 2 hours of Non-Traditional Mortgage Lending, and 1 hour of ...
The SAFE Act mandates that state-licensed mortgage loan originators complete a minumum of 8 hours of continuing education annually.
Associate your NMLS account with an employer. 1) Create Your NMLS Account. You can get started with this step right now! ... 2) Complete Your Nevada Pre-License Education. ... 3) Pass a Licensing Exam. ... 4) Apply for a License. ... 5) Background Checks. ... 6) Get Hired.
Colorado Continuing Education Requirements: State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes: 3 hours of federal law. 2 hours of ethics.