Abacus Team: 888-341-7767
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"How To Comply"
The 12 steps to SAFE-Smart NMLS registration, education, testing and licensure.

Abacus Mortgage Training and Education provides this section as a service to the mortgage industry. We constantly update this section when changes occur and new information comes to light. This information should not be taken as legal advice, assurance or guarantee. Please consult you legal advisor for final guidance.

To contact the NMLS, click here.

1. What is the SAFE Act?

President Bush signed into law the Secure and Fair Enforcement (SAFE) Mortgage Licensing Act on July 30, 2008 as a central part of the Housing and Economic Recovery Act (HERA).

Under this act, all non-depository mortgage loan officers in the United States must register in a national database, pass a national exam, pass state exams and accrue a minimum of 20 hours of approved education before engaging in mortgage loan origination activities. Existing loan originators must comply with the minimum standards plus any state specific requirements as the states they originate in demand.

This act sets forth procedures, requirements, education, testing and new standards including mandatory national registration of all depository mortgage loan originators (RMLOs) plus the state licensing of non-depository mortgage loan originators (MLOs), through the creation of a Nationwide Mortgage Licensing System and Registry, known as the NMLS. The SAFE Act is regulated by the Department of Housing and Urban Development (HUD).

According to HUD's website, the SAFE Act,
"... is designed to enhance consumer protection and reduce fraud by encouraging states to establish minimum standards for the licensing and registration of state-licensed mortgage loan originators and for the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) to establish and maintain a Nationwide Mortgage Licensing System and Registry (NMLS) for the residential mortgage industry..."
To read more, visit HUD's website at: www.hud.gov

The SAFE Act requires:

Registration:
Every Mortgage Loan Originator (MLO), depository and non-depository, in the country must be registered in the NMLS. (Dates vary by state)

Unique Identifier:
A unique identifying number is assigned to each MLO. This number is used for all examinations and all education credit reporting. This is also referred to as an Individual ID Number.

Education:
All states must require a minimum of 20 hours of Prelicensing Education (PE) initially and 8 hours of Continuing Education (CE) annually though some have elected to require more or to specify certain subject matter be taken. These requirements vary by state.

National Test:
In order to do business anywhere, you must pass a 100-question national test. Deadlines for this test vary by state.

State Test:
In order to do business in a state, you must also pass that state's specific test consisting of 45-65 questions. Though not every state has state specific education, every state has a state specific test.

State Education (varies by state):
Though the majority of states require only the minimum SAFE standards, some states have additionally opted to require additional state specific education. More on that later...

LAW: The SAFE Act is the federal law (part of the HERA of 2008)

RULES AND REGULATIONS: CSBS and AARMR created the State Regulatory Registry (SRR) to make the rules of how the system would work.

ACCOUNTABILITY: Financial Industry Regulatory Agency (FINRA) build the database to keep track of it all. The NMLS is that database and the SRR manages it.

More information:
HUD's website About the NMLS
Summary of SAFE Act Full SAFE Act Text


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2. Am I Really a MLO?

SAFE establishes the definition of a Mortgage Loan Originator (MLO) and defines the criteria for who has to be licensed.
    The new definition, in short, includes anyone who takes, or offers to take a mortgage loan application and negotiates or offers to negotiate the terms of that loan for compensation or in the expectation of compensation. Here is the excerpt from the law:
  3. Loan Originator.
    1. In General. The term "loan originator"
      1. means an individual who—
        1. takes a residential mortgage loan application; and
        2. offers or negotiates terms of a residential mortgage loan for compensation or gain;
      2. does not include any individual who is not otherwise described in clause (i) and who performs purely administrative or clerical tasks on behalf of a person who is described in any such clause;
      3. does not include a person or entity that only performs real estate brokerage activities and is licensed or registered in accordance with applicable State law, unless the person or entity is compensated by a lender, a mortgage broker, or other loan originator or by any agent of such lender, mortgage broker, or other loan originator; and
      4. does not include a person or entity solely involved in extensions of credit relating to timeshare plans, as that term is defined in section 101(53D) of title 11, United States Code.
    2. Other Definitions Relating To Loan Originator. For purposes of this subsection, an individual who ‘‘assists a consumer in obtaining or applying to obtain a residential mortgage loan’’ by, among other things, advising on loan terms (including rates, fees, other costs), preparing loan packages, or collecting information on behalf of the consumer with regard to a residential mortgage loan.
    3. Administrative Or Clerical Tasks. The term ‘‘administrative or clerical tasks’’ means the receipt, collection, and distribution of information common for the processing or underwriting of a loan in the mortgage industry and communication with a consumer to obtain information necessary for the processing or underwriting of a residential mortgage loan.
  4. Loan Processor Or Underwriter.
    1. In General. The term ‘‘loan processor or underwriter’’ means an individual who performs clerical or support duties at the direction of and subject to the supervision and instruction of
      1. a State-licensed loan originator; or
      2. a registered loan originator.
    2. Clerical Or Support Duties. For purposes of subparagraph (A), the term ‘‘clerical or support duties’’ may include:
      1. the receipt, collection, distribution, and analysis of information common for the processing or underwriting of a residential mortgage loan; and
      2. communicating with a consumer to obtain the information necessary for the processing or underwriting of a loan, to the extent that such communication does not include offering or negotiating loan rates or terms, or counseling consumers about residential mortgage loan rates or terms.
Certain states have expanded that definition even further by including those who issue mortgage loan commitments or interest rate guarantee agreements to borrowers, whether such acts are done through contact by telephone, by electronic means, by mail, or in person with the borrowers or potential borrowers.

This definition pulls in many loan processors. Check your specific state laws for details.

For state specific information on licensing, refer to the NMLS State Licensing Resource Page. As states complete the rollout of their legislation and regulation, this map is updated by the SRR.


2b. What if I work for a bank?

Employees... "of a depository institution, employees of a subsidiary that is owned and controlled by a depository institution and regulated by a Federal banking agency, or employees of an institution regulated by the Farm Credit Administration" ...are exempt from licensure through the NMLS at this time but must register. The time lines and the process are still forthcoming. Keep an eye out for changes to this policy in late 2010.

If there is any question about your status, depository vs. non-depository, please consult the legal department of your employer. You can also visit the NMLS page on Federal Registration.

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3. How do I create an NMLS account?
For MLOs previously licensed in any state, your introduction to the NMLS will be during what is called transition. When the state you are licensed to do business in begins using the NMLS to manage their MLO data, you will be required to create an account on the NMLS.

There is no cost to create an account, however, if you wish to apply to do business in any state, there is a fee for applying. You can usually find your state specfic fees using the NMLS State Licensing Resource Page. Generally, during transition into the NMLS, a state will offer a window where there is no fee to transition. Transitioning outside this window will incur a fee. So pay attention to all the communications your state sends to you!

Directions on how to create an NMLS account

One of the most important things about creating your NMLS account is getting your "unique identifier." This number will become very important for you as it will be used to track your education hours, exams scores and license status. Every company and branch office will also have their own unique identifying number. All the states, testing companies and education providers will require you to provide them with your unique identifier, which is referred to as your "Individual ID" on the NMLS. In some cases, it will replace your license number with some state agencies.

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4. Where do you want to do business?
In the past, state specific education requirements presented a certain bar of entry into some states. Now that education and examinations are becoming more accessible through centralized administration and approval there may be opportunities to originate in states that previously were out of reach. Almost every state has written and passed new licensing legislation in 2009. It is important that you update yourself on the new responsibilities and requirements of each state you want do business in. You can get some information from the state information on the right hand side of this page.

NMLS State Licensing
Resource Page

Not all states have announced their new licensing requirements but most have begun implementing their SAFE Act laws and regulations. As these states begin clarifying what is required to originate in their state, new state specific education will be submitted to and approved by the SRR. Keep an eye out for new state-specific curriculums as they become available.

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5. Does education I have taken in the past count?
If you currently hold a license to originate mortgage loans in a state that requires you to take approved prelicensing or continuing education courses, then you may already have completed some, if not all, of your 20 hours of nationally required prelicensing education (PE). To find out how much, if any, of your previously taken education can/will count towards your national requirement, please contact the regulator of the state(s) you are currently licensed in.
NOTE: Not all states are awarding credit for past education and of those that do, not all will be able to transfer that credit to the NMLS before certain state deadlines. See the state listing to the right for certification and requirement information.

State Regulator Contacts

Please Note: Even though you have been previously licensed and you have your full 20 hours of PE, you still MUST take and pass the national licensing exam and go through a new credit and criminal background screening in order to continue originating.

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6. How do I register with Abacus and obtain my courses and test study materials?
We will accomplish this directly on the phone with you. Please call 888-341-7767.

Or, you can register yourself on our site. Just choose Prelicensing Education or Continuing Education.

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7. How do I take my classes?
You need to embrace the fact that all PE classes are live classes. We offer two delivery modes:

Live Classroom - The student and the instructor are in the same location.

Live Classroom Equivalent - Via a live stream over the internet, the student participates in a live classroom offering from a remote location.

Whether you choose live or classroom equivalent delivery, you will get the full Abacus experience with exercises, quizzing and the ability to get your individual questions answered. We do our best to help you work your education into your schedule and to provide an exceptional experience regardless of which delivery you choose. For more information, click here.

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8. Can you help me prepare for my exams?

We have your exam preparation answer:



We highly suggest you include the national SAFE-Smart Exam Cram along with your course registration. The national and state exams are very difficult. The combination of course content and exam preparation is the best game plan for assuring a passing grade on the exams. The National SAFE-Smart Exam Cram is an interactive self-study tool that gives you everything you need to study for the NMLS national test component. There are also state specific Exam Crams available. Click here for more.

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9. I'm ready. How do I take my exams?
All of your fees for licensing, renewal and exams have to go through your NMLS account. So even though the NMLS does not give the exams, you do have to pay for them through your NMLS account. Before you begin this process, it is recommended that you download and read the MLO Testing Handbook.

The process is:
  1. Pay
    Log into your NMLS account and click the Professional Requirements tab, then click Testing on the top of the page. Then click on Test Enrollment. You will choose your states and/or the National component and pay for your examinations. You will receive a confirmation email once your payment is received.

  2. Scheduling
    Once you have paid for your exams and gotten your confirmation email, you can then choose where you want to take the exams. Go to the NMLS Testing Resource Page and use the links there to decide what testing center is the most convenient for you. One you have decided which center you want to use, visit the website of the testing company that runs that location to schedule your exam time(s).

  3. Take your exam(s)
    You will receive email confirmation from the testing company once you have scheduled your test time(s). They are there to make sure you are who you say you are. There is no need to bring your MLO license or your certificate of completion from an education course. You will have to show two forms of ID, one that has your picture (ie: driver's license, passport, etc.), to the proctor on site at the testing center. You have three hours to complete the national component and two hours to complete any state component. You must score 75% or better to pass. Once you have completed your exam you will be given a score card by the testing company as proof of your passing and they will submit your scores to the NMLS. If you do not pass any exam you must wait 30 days before retaking the exam and you must pay again. If you fail four times, you must wait 6 months before taking the exams again. You may not bring anything into the exam. Any personal items you bring into the testing center will be put in a locker and held by the proctor until you complete your exams. Scratch paper and a calculator will be given to you at the testing center and collected from you before you leave.
For a video on what to expect at the testing center, click here.
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10. How do I apply for a license?
Initially, whether you have been doing business in the mortgage industry for 20 years or 2 days, you will have to complete an application, called an MU4 form. This is a detailed application and will take you 20-40 minutes to complete. We recommend having a resume or some other helpful document available while you complete the application as it will require you to input your last ten years employment and residential history. Once you have completed your MU4 and are granted a license, you do not have to complete it again! You will be able to modify/update your information as needed and attest to its accuracy and use the same information for all the states you apply to.

First Time Users Start Here

Once you are licensed, you can then associate yourself with the broker or lender that you work for so they can notify the NMLS that you are originating for them. It is important that the NMLS know who is originating for what company and where.

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11. How do I renew my license?
In order to renew your license, you must have completed all of your required education in the appropriate topics. Those credit hours are reported to the NMLS by your course provider. Once you are inside your renewal window (November/December) you can log into your NMLS account and complete your renewal.

There are, basically, three steps to renewing:
  1. Attestation - Confirming you are who you say you are and that you have completed all the education required to renew.
  2. Review - Looking over all your details and confirming that your information is up to date and correct.
  3. Renewal - Paying your appropriate renewal fees.
For details on how to complete this process as well as other functions of your NMLS account, click here.

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12. So what now?
As a condition of renewal, you will be required to take a minimum of eight hours of approved NMLS continuing education each year prior to December 31. Some states will have requirements above and beyond this minimum standard. At Abacus, we strive to provide approved education courses year after year that are not only approved for your requirement, but are relevant and timely.

At Abacus, we make your education count!

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State Requirements
Title V of the Housing and Economic Recovery Act of 2008 (H.E.R.A.), “the SAFE Act,” became effective July 30, 2009 and mandates that state-licensed mortgage loan originators meet certain minimum requirements for licensure.

States were required to enact SAFE laws that will bring their mortgage loan originators into compliance with the SAFE Act no later than December 31, 2010.

The information below is for the benefit of all non-depository Mortgage Loan Originators. If you work for a depository institution (ie: federally chartered bank, credit union, etc.), please click here for more information.

All the information below can be found on the NMLS Website, but we have compiled it here into one easy to ready page for your convenience.

Please click on "+" for the state you are interested in for more information.

Alaska (AK)

Alaska Division of Banking and Securities:
(907) 269-4594

SAFE ACT BILL
HB 221 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All licensees must complete 20 hours of NMLS approved pre-licensure education by 11/1/2010.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All licensees must pass the National Component of the SAFE MLO Test by 11/1/2010.
The State Component of the SAFE MLO Test will be available as of 11/5/2010.
Licensees should continue to take the AK state test through PearsonVue until 11/4/2010.

CERTIFICATION
Currently licensed MLOs who have passed the AK mortgage test no later than 11/4/2010 may be eligible to participate in the testing certification process and may not need to take the AK Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 11/1/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
Alabama (AL)

Alabama State Banking Department
(334) 242-3452

SAFE ACT BILL
SB 249 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 6/1/2010 must have completed 20 hours of NMLS approved pre-licensure education. Applicants who file prior to 6/1/2010 must complete 20 hours of NMLS approved education pre-licensure by 6/1/2010. State approved courses will no longer be accepted after 12/31/2009.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011 unless PE was completed after June 1, 2010.

SAFE MLO TEST
All applicants who file an application prior to 6/1/2010 must pass the National Component of the SAFE MLO Test by 6/1/2010. All new applicants on or after 6/1/2010 must pass the National and State Component of the SAFE MLO Test before submitting their application to Alabama.The AL State Component of the SAFE MLO Test will be available as of 6/14/2010. All applicants are required to pass the State Component of the SAFE MLO Test before submitting their license renewal request in 2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 6/1/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Arizona (AZ)

Arizona Department of Financial Institutions
(602) 771-2783

SAFE ACT BILL
HB 2143 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 4 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 1/1/2009 must complete 20 hours of NMLS approved pre-licensure education, including 4 hours of AZ specific before an approval will be issued.

State approved courses will no longer be accepted after 12/31/2009.

PE CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of AZ state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education, including 1 hour of AZ specific, in 2011 in order to renew for 2012.

SAFE MLO TEST
All new applicants on or after 1/1/2009 must pass the National and State Component of the SAFE MLO Test before an approval will be issued.

CRIMINAL BACKGROUND CHECK
All new applicants on or after 1/1/2009 must submit fingerprints through NMLS for a criminal background check before an approval will be issued.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Arkansas (AR)

Arkansas Securities Department
(501) 324-9265

SAFE ACT BILL
HB 1881 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 7/31/2010 must have completed 20 hours of NMLS approved pre-licensure education.

Existing licensees must complete 20 hours of NMLS approved pre-licensure education by 11/1/2010.

State approved courses will no longer be accepted after 12/31/2009.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National and State Component of the SAFE MLO Test by 11/1/2010.

All new applicants applying on or after 7/31/10, for a license must pass the National and State Component of the SAFE MLO Test prior to submitting their application.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 11/1/2010.

All new applicants applying on or after 7/31/10, for a license must submit fingerprints through NMLS for a criminal background check.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
California (CA)

Department of Corporations (DOC)
(866) ASK-CORP

SAFE ACT BILL
SB 36 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 1/4/2010 must complete 20 hours of NMLS approved pre-licensure education by 6/15/2010 in order to ensure that applications will be processed by July 31.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011.

SAFE MLO TEST
All new applicants must pass the National and State Component of the SAFE MLO Test by 6/15/2010 in order to ensure that applications will be processed by July 31.

CERTIFICATION
The Department of Corporations (DOC) has been approved to certify compliance with the pre-license education requirements for certain mortgage loan originators (MLO) as authorized by the SAFE Act. Department of Real Estate (DRE) licensees who wish to obtain an MLO license only from DOC may request to have compliance with the pre-license education requirements certified by the DOC. Current and former DRE licensees may request certification from the DOC. MLO applicants who apply for an MLO endorsement with DRE will have their pre-license education requirements certified by DRE.

For more information, click here.

CRIMINAL BACKGROUND CHECK
All applicants must submit fingerprints through NMLS for a criminal background check by 6/15/2010 in order to ensure that applications will be processed by July 31.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.


California Department of Real Estate
(877) 373-4542

SAFE ACT BILL
SB 36 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 9/01/2010 must have completed 20 hours of NMLS approved pre-licensure education.

Existing real estate licensees will not need 20 hours of NMLS approved pre-license education if all other MLO requirements are met by 8/31/2010.

*A real estate license is needed in order to qualify as a MLO through CA-DRE. Specific state approved courses will continue to be required to obtain a real estate license.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of CA-DRE state approved education on or before 8/31/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
Existing licensees must pass the National and State Component of the SAFE MLO Test by 9/15/2010 in order to be issued a MLO license endorsement by 1/1/2011.

CRIMINAL BACKGROUND CHECK
All applicants must submit fingerprints through NMLS for a criminal background check by 9/15/2010 in order to be issued a MLO license endorsement by 1/1/2011.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Colorado (CO)

Colorado Department of Regulatory Agencies
Department of Real Estate
(303) 894-2166

SAFE ACT BILL
HB 1085 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 12/31/2009 must complete 20 hours of NMLS approved pre-licensure education.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of CO state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
Please refer to the Colorado Mortgage Loan Originator Continuing Education Matrix found on the CO website.

SAFE MLO TEST
National Component
All new applicants approved on or after 1/1/2010 must pass the National Component of the SAFE MLO test prior to their application being approved.

Existing licensees as of 1/1/2010 must pass the National Component of the SAFE MLO Test by 12/31/2010.

State Component
All new applicants approved on or after 1/1/2010 must pass the State Component of the SAFE MLO test prior to their application being approved.

CERTIFICATION
Currently licensed MLOs who have passed the CO mortgage test no later than 12/31/2009 may be eligible to participate in the testing certification process and may not need to take the CO Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
Existing licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

All new applicants as of 01/01/2010 must submit fingerprints through NMLS and the state of Colorado for a criminal background checks upon application.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Connecticut (CT)

Connecticut Department of Banking
(860) 240-8221

SAFE ACT BILL
SB 948 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
Effective 4/1/2010 all new applicants must have completed 20 hours of NMLS approved pre-licensure education.

Existing licensees who were licensed after 7/9/2009 must complete 20 hours of NMLS approved pre-licensure education by 4/1/2010.

Existing licensees who were licensed on 7/9/2009 must complete 20 hours of NMLS approved pre-licensure education by 10/31/2010.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE is completed in 2010.

SAFE MLO TEST
Effective 4/1/2010 all new applicants must pass the National and State Components of the SAFE MLO Test for licensure.*

Existing licensees who were licensed after 7/9/2009 must pass the National and State Components of the SAFE MLO Test by 4/1/2010. The STATE Component of the SAFE MLO Test must be passed no later than 4/1/2010.†

Existing licensees who were licensed on or before 7/9/2009 must pass the National and State Components of the SAFE MLO Test no later than 10/31/2010.

*The statutory requirement for passage of the written test on April 1, 2010 (including both the National and State components) was not amended during the 2010 regular legislative session and the Department is therefore unable to defer the requirement for passage of the State test to October 31, 2010 as previously indicated.

†See above.

CRIMINAL BACKGROUND CHECK
Effective 4/1/2010 all new applicants must submit fingerprints through NMLS for a criminal background check.

All licensees must submit fingerprints through NMLS for a criminal background check by 4/1/2010.

CREDIT REPORT
Effective 30 days after the date the system commences accepting such authorization, all new applicants must authorize a credit report through NMLS.

All licensees must authorize a credit report through NMLS no later than 30 days after the date the system commences accepting such authorization.
District of Columbia (DC)

D.C. Department of Insurance, Securities and
Banking Bureau
(202) 442-7821

SAFE ACT BILL
B17-1021 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 3 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 8/3/2009 must complete 20 hours of NMLS approved pre-licensure education, including 3 hours of D.C. specific by 7/31/2010.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education, including 1 hour of D.C. specific in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National and State Component of the SAFE MLO Test by 7/31/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 7/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Delaware (DE)

Delaware Office of the
State Bank Commissioner
(302) 739-4235

SAFE ACT BILL
SB 73 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 6/30/2010 must have completed 20 hours of NMLS approved pre-licensure education by 7/31/2010 or by the time of application.

Existing licensees must complete 20 hours of NMLS approved pre-licensure education by 7/31/2010.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National Component of the SAFE MLO Test by 7/31/2010.

All new applicants on or after 8/1/2010 must pass the National Component of the SAFE MLO Test prior to submitting their application through NMLS.

All licensees must pass the State Component of the SAFE MLO Test by TBD.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 7/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Florida (FL)

Florida Office of Financial Regulation
(850) 410-9895

SAFE ACT BILL
SB 2226 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 10/1/2010 must have completed 20 hours of NMLS approved pre-licensure education.

State approved courses will no longer be accepted after 10/1/2010.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of FL state approved education on or before 10/1/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All new applicants on or after 10/1/2010 must pass the National and State Components of the SAFE MLO Test.

CERTIFICATION
Currently licensed MLOs who have passed the FL mortgage test on or after 1/1/2004 may be eligible to participate in the testing certification process and may not need to take the FL Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
All new applicants on or after 10/1/2010 must submit fingerprints through NMLS for a national criminal background check. All new applicants on or after 10/1/2010 must also submit fingerprints to the state for a state criminal background check.

CREDIT REPORT
All new applicants on or after 10/1/2010 will be required to authorize a credit report through NMLS.
Georgia (GA)

Georgia Department of Banking and Finance
(770) 986-1633

SAFE ACT BILL
HB 312 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
All new applicants on or after 1/4/2010 must complete 20 hours of NMLS approved pre-licensure education by 3/31/2010. All new applicants on or after 4/1/2010 must complete 20 hours of NMLS approved education prior to application.

CONTINUING EDUCATION
All new applicants must take 8 hours of NMLS approved continuing education, including 1 hour of GA specific, in 2011 in order to renew for 2012.

SAFE MLO TEST
DEADLINE PASSED
All new applicants must pass the National and State Components of the SAFE MLO Test by 4/16/2010.

All new applicants on or after 4/1/2010 must pass the National and State Components of the SAFE MLO Test prior to application.

CRIMINAL BACKGROUND CHECK
DEADLINE PASSED
All new applicants must submit fingerprints through NMLS for a criminal background check by 3/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
Hawaii (HI)

Hawaii Department of Commerce and Consumer Affairs - Professional and Vocational Licensing Division
(808) 586-3000

SAFE ACT BILL
SB 2603 (click for text)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants must complete 20 hours of NMLS approved pre-licensure education before a license will be issued.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All new applicants must pass the National and State Component of the SAFE MLO Test before a license will be issued.

CRIMINAL BACKGROUND CHECK
All new applicants must submit fingerprints through NMLS for a criminal background check before a license will be issued. A state criminal background check is required to be submitted outside of NMLS.

CREDIT REPORT
All new applicants will be required to authorize a credit report through NMLS between October 2010 and March 1, 2010.
Iowa (IA)

Iowa Division of Banking
(515) 281-4014

SAFE ACT BILL
SF 355 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 1/1/2010 must have completed 20 hours of NMLS approved pre-licensure education by 12/01/2010.

Existing licensees must complete 20 hours of NMLS approved pre-licensure education by 12/01/2010, unless the licensees has completed 20 hours of state approved education by 12/31/2009.

State approved courses will no longer be accepted after 12/31/2009.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of IA state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test by 12/01/2010.

CERTIFICATION
Currently licensed MLOs who have passed the IA mortgage test no later than 7/30/2009 may be eligible to participate in the testing certification process and may not need to take the IA Component of the SAFE MLO Test. Refer to your state agency for more information.


CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/01/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Idaho (ID)

Idaho Department of Finance
(208) 332-8002

SAFE ACT BILL
HB 169 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 2 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
All new applicants approved on or after 7/1/2009 must have completed 20 hours of NMLS approved pre-licensure education, including 2 hours of ID specific by 7/31/2010.

Existing licensees approved before 7/1/2009 must complete 20 hours of NMLS approved pre-licensure education by 12/31/2010 unless the licensee has completed 20 hours of state approved education by 12/31/2009.

State approved courses will no longer be accepted after 12/31/2009.

CERTIFICATION
Existing licensed MLOs who have completed at least 20 hours of ID state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education, including 1 hour of ID state content, in 2010 in order to renew for 2011, except for licensees who completed PE in 2010, or existing licensees who successfully completed the PE certification process.

SAFE MLO TEST
All new applicants approved on or after 7/1/2009 must pass the National and State Component of the SAFE MLO Test by 7/31/2010.

Existing licensees approved before 7/1/2009 must pass the National and State Component of the SAFE MLO Test by 12/31/2010.

CRIMINAL BACKGROUND CHECK
All new applicants approved on or after 7/1/2009 must submit fingerprints through NMLS for a criminal background check by 7/31/2010.

Existing licensees approved before 7/1/2009 must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
Illinois (IL)

Illinois Department of Financial and
Professional Regulation
(312) 793-2284

SAFE ACT BILL
HB 4011 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 7/31/2009 must have completed 20 hours of NMLS approved pre-licensure education by 6/30/2010.

Existing licensees as of 7/30/2009 may complete and certify 20 hours of state approved pre-licensure education by 12/31/2009.

Existing licensees as of 7/30/2009 who did not complete and certify 20 hours of state approved pre-licensure education by 12/31/2009 must have completed 20 hours of NMLS approved pre-licensure education by 12/31/2010.

State approved courses will no longer be accepted after 12/31/2009.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
Existing licensees on or after 7/31/2009 must pass the National and State Component of the SAFE MLO Test by 6/30/2010. However, all loan originators in this category are strongly encouraged to take the National and State Component of the SAFE MLO Test no later than May 31, 2010.

All applicants licensed before 7/31/2009 must pass the National and State Components of the SAFE MLO Test by 12/31/2010.

CRIMINAL BACKGROUND CHECK
All new applicants licensed on or after 7/31/2009 must submit fingerprints through NMLS for a criminal background check by 6/30/2010.

All applicants licensed before 7/31/2009 must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Indiana (IN)

Indiana Department of Financial Institutions (DFI)
(317) 232-3955

SAFE ACT BILL
SS 1001 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 2 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants must have completed 20 hours of NMLS approved pre-licensure education which includes 2 hours of state law and rules concerning residential mortgage lending.

An MLO should submit the license application as early as possible to allow for approval by July 1, 2010.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All new applicants must pass the National and State Components of the SAFE MLO Test.

An MLO should complete the license testing requirement as early as possible to allow for approval by July 1, 2010.

CRIMINAL BACKGROUND CHECK
All new applicants must submit fingerprints through NMLS for a criminal background check at time of licensure.

An MLO should complete the fingerprint requirement as early as possible to allow for license approval by July 1, 2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.


Indiana Secretary of State
(317) 232-6681

SAFE ACT BILL
HB 1646 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 2 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 1/1/2010 must complete 20 hours of NMLS approved pre-licensure education, including 2 hours of IN-SOS specific.

State approved courses will no longer be accepted after 12/31/2009.

CERTIFICATION
Currently licensed MLOs who have completed a 24hr live, IN-SOS state approved education course on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National Component of the SAFE MLO Test by 7/1/2010.

All new applicants must pass the National and State Component of the SAFE MLO Test before an approval will be issued.

CERTIFICATION
Currently licensed MLOs who have passed an IN-SOS assessment no later than 2/21/2010 may be eligible to participate in the testing certification process and may not need to take the IN-SOS Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Kentucky (KY)

Kentucky Department of Financial Institutions
(800) 223-2579

SAFE ACT BILL
HB 106 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
12 Hours
*includes 4 hours of state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 11/1/2009 must have completed 20 hours of NMLS approved pre-licensure education.

Existing licensees must complete 20 hours of NMLS approved pre-licensure education by 11/1/2009.

State approved courses will no longer be accepted after 11/1/2009

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of KY state approved education on or before 11/1/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 12 hours of NMLS approved continuing education, including 4 hours of KY specific, in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test by 6/30/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 6/30/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Kansas (KS)

Kansas Office of the State Bank Commissioner
(785) 296-2266

SAFE ACT BILL
SB 240 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 1/4/2010 must have completed 20 hours of NMLS approved pre-licensure education by 10/31/2010.

Existing licensees must complete 20 hours of NMLS approved pre-licensure education by 9/1/2010.

State approved courses will no longer be accepted after 9/1/2010.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of KS state approved education on or before 8/31/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All licensees must pass the National Component of the SAFE MLO Test by 10/31/2010.

All licensees must pass the State Component of the SAFE MLO Test by 10/31/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 10/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Louisiana

Louisiana Office of Financial Institutions

SAFE ACT BILL
HB 810 (click for content)

Effective August 1, 2010
Initial Prelicensing Education Requirement
20 Hours
*includes 4 hours of state specific law

Annual Continuing Education Requirement
10 Hours
*includes 2 hours of state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 07/31/2009 must have completed 24 hours of NMLS approved pre-licensure education including 4 hours of NAMB or MBA approved courses before a license will be issued

MLO’s licensed prior to 07/31/09 are encouraged to complete their pre-licensure education from state approved education providers listed on the OFI website as soon as possible but no later than 08/31/2010.

CERTIFICATION
Currently licensed LO’s, who have completed at least 24 hours of LA state-approved education on or before 08/31/2010 may be eligible to participate in the PE certification process but may still not need to obtain 10 hours of continuing education to renew for 2011. Those LO’s who have completed less than 24 hours should visit www.ofi.Louisiana.gov to select a state-approved provider. Additional details for banking the certification with NMLS will be forthcoming. Please check your email. Questions? Contact NMLS@ofi.louisiana.gov

CONTINUING EDUCATION
All licensees must complete at least 10 hours of NMLS approved continuing education including 2 hours NAMB or MBA approved courses in 2010 in order to renew for 2011, unless PE was completed in 2010.

SPECIAL NOTE - EDUCATION REQUIREMENTS
The Louisiana Legislature recently passed House Bill 335 which updated its SAFE Act requirements. The changes, which go into effect Aug 15, reduces the number of hours for pre-licensure education from 24 to 20 and removes the requirement for four hours of the education to be NAMB or MBA approved. Additionally, the law reduces the number of hours of annual continuing education from ten to eight.

As mentioned, the changes go into effect Aug 15th which means the existing requirements remain in effect until then.

SAFE MLO TEST
All new applicants, on or after 7/31/2009, must pass the National and State Component of the SAFE MLO Test before a license will be issued.

Existing licensees must pass the National and State Component of the SAFE MLO Test by 12/31/2010.

CERTIFICATION
Currently licensed LO’s, who passed the Louisiana state RML test between January 1, 2004 and July 30, 2009 may be eligible for testing certification. Those qualifying individuals were contacted by La. OFI on April 29, 2010 via an email to your originator email address stated in the NMLS. Those qualifying for certification should not schedule the La. State Component of the NMLS SAFE LO Test. Additional details for banking the certification with NMLS will be forthcoming. Please check your email. Questions? Contact NMLS@ofi.louisiana.gov.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
Massachusetts (MA)

Massachusetts Division of Banks
(617) 956-1500

SAFE ACT BILL
HB 4178 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 3 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 11/1/2009 must have completed 20 hours of NMLS approved pre-licensure education, including 3 hours of MA specific.

Existing licensees as of 10/31/2009 must complete 20 hours of pre-licensure education by 10/31/2010, unless the licensee has complete 24 hours of state approved education prior to 10/31/2009.

State approved courses will no longer be accepted after 10/31/2009.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of MA state approved education on or before 10/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education, including 1 hour of MA specific, in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
Existing licensees as of 7/31/2009 must pass the National and State Components of the SAFE MLO Test by 10/31/2010.

Existing licensees who were licensed after 7/31/2009, but applied prior to 10/31/2009, must complete this requirement by 7/31/2010.

Individuals who apply for a license after 10/31/2009 must complete this requirement prior to submitting an application.

CRIMINAL BACKGROUND CHECK
Existing licensees as of 7/31/2009 must provide their fingerprints to NMLS for a new criminal background check no later than 12/31/2010.

All licensees who applied for a license after 7/31/2009, but prior to 1/24/2010, must provide their fingerprints to NMLS for a new criminal background check no later than 7/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Maryland (MD)

Maryland Commissioner of
Financial Regulation
(410) 230-6155

SAFE ACT BILL
SB269 / HB292(click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 5 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
Interim or previously exempt licensees must complete 20 hours of NMLS approved pre-licensure education by 7/31/2010.

Existing licensees must complete 20 hours of NMLS approved pre-licensure education by 12/31/2010

State approved courses will no longer be accepted after 1/1/2010.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of MD state approved education on or before 1/1/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
Maryland will not be requiring CE in 2010 in order to renew for 2011.

However, all licensees must complete at least 8 hours of NMLS approved continuing education (including 1 hour of Maryland specific instruction on mortgage-related laws) in 2011 in order to renew for 2012.

SAFE MLO TEST
Interim or previously exempt licensees must pass the National and State Components of the SAFE MLO Test by 7/31/2010.

Existing licensees must pass the National and State Components of the SAFE MLO Test by 12/31/2010.

CRIMINAL BACKGROUND CHECK
Interim or previously exempt licensees must submit fingerprints through NMLS for a Federal criminal background check by 7/31/2010.

Interim or previously exempt licensees are also required to submit, outside of NMLS, fingerprints for a state criminal background check by 7/31/2010.

Existing licensees must submit fingerprints through NMLS for a Federal criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Maine (ME)

Department of Professional and Financial Regulation
(207) 624-8500

SAFE ACT BILL
SP0523 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
To be eligible for state certification, existing licensed mortgage loan officers must have completed at least 20 hours of Maine-approved pre-licensure or continuing education before 10/1/2010. Those for whom certification is granted will not be required to take the NMLS-approved pre-licensure education.

State-approved courses will no longer be accepted after 10/1/2010.

All new applicants on or after 10/1/2010 must complete 20 hours of NMLS approved pre-licensure education before their license will be approved.

CONTINUING EDUCATION
The Maine Continuing Education requirement for existing licensees has been waived for 2010, except to the extent that loan officers need courses to reach the 20-hour cumulative total prior to October 1, 2010 to make themselves eligible for certification.

In order to renew their licenses for 2012, all licensees must take 8 hours of NMLS-approved continuing education during 2011.

SAFE MLO TEST
Existing licensees must pass the National and State Component of the SAFE MLO Test by 12/31/2010 unless otherwise notified.

All new applicants approved on or after 10/1/2010 must pass the National and State Component of the SAFE MLO Test before a license will be approved.

CRIMINAL BACKGROUND CHECK

Existing licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

All new applicants on or after 10/1/2010 must submit fingerprints through NMLS for a criminal background check before a license will be approved.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 2011.
Michigan (MI)

Michigan Office of Financial
and Insurance Regulation
(877) 999-6442

SAFE ACT BILL
SB 462 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 7/31/2010 must have completed 20 hours of NMLS approved pre-licensure education.

Existing registrants that did not complete the 24 hours of state approved pre-licensure education must complete 20 hours of NMLS approved pre-licensure education by 7/31/2010.

State approved courses will no longer be accepted after 7/30/2010.

CERTIFICATION
The state of Michigan will certify pre-education for persons who are currently registered as loan officers and who have completed at least 20 hours of Michigan approved education on or before 7/30/2010. Persons whose pre-education that has been certified need not take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
There is no NMLS approved continuing education required in 2010 to renew mortgage loan originator licenses for 2011.

SAFE MLO TEST
National Component
All new applicants must pass the National Component of the SAFE MLO Test by 7/31/2010.

Existing registrants must pass the National Component of the SAFE MLO Test by 7/31/2010.

State Component
All new applicants must pass the State Component of the SAFE MLO Test by 7/31/2010.

CERTIFICATION

Persons currently registered as loan officers who have passed the MI mortgage test are eligible to participate in the testing certification process and will not need to take the Michigan Component of the SAFE MLO Test. The state of Michigan will certify the Michigan component. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
Existing registrants must submit fingerprints through NMLS for a criminal background check by 7/31/2010.

CREDIT REPORT
Credit reports will be obtained by Michigan through its own resources until credit reports are authorized through NMLS.

MLO’s are required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Minnesota (MN)

Minnesota Department of Commerce
(651) 296-2135

SAFE ACT BILL


Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
TBD

CONTINUING EDUCATION
TBD

SAFE MLO TEST
TBD

CRIMINAL BACKGROUND CHECK
TBD

CREDIT REPORT
TBD
Missouri (MO)

Missouri Division of Finance
(573) 751-4243

SAFE ACT BILL
HB 382 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants must have completed 20 hours of NMLS approved pre-licensure education before submitting an application in NMLS.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012, unless PE was completed in 2011.

SAFE MLO TEST
All new applicants must pass the National Component of the SAFE MLO Test before a license will be issued.

Applicants who receive a license by 7/31/2010 must pass the State Component of the SAFE MLO Test prior to renewing their license for 2011.

All other applicants must pass the State Component of the SAFE MLO Test before a license will be issued.

CRIMINAL BACKGROUND CHECK
All applicants must submit fingerprints through NMLS for a criminal background check at the time of applying for a license in NMLS.

A state criminal background check is required to be submitted to the state of MO outside of NMLS.

CREDIT REPORT
Missouri is obtaining credit reports directly from the credit bureau, until NMLS credit report functionality is established.

All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Mississippi (MS)

Mississippi Department of Banking
and Consumer Finance
(800) 844-2499

SAFE ACT BILL
SB 2983 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 4 hours of state specific law

Annual Continuing Education Requirement
12 Hours
*includes 2 hours of state specific law

PRE-LICENSURE EDUCATION
All new applicants approved on or after 7/31/09 must complete 20 hours of NMLS approved pre-licensure education, including 4 hours of MS specific, by 7/31/10 for approved applications or prior to their application being approved if a new applicant.

Existing licensees as of 7/30/2009 must complete 20 hours of NMLS approved pre-licensure education, including 4 hours of MS specific, by 12/31/2010, unless the licensee has completed at least 20 hours of state approved education prior to 12/31/2009. See Certification below:

CERTIFICATION
Existing licensed MLOs who have completed at least 20 hours of MS state approved education on or before 1/1/2010 may be eligible to participate in the PE (pre-licensure education) certification process and may not need to take the NMLS approved pre-licensure education. Refer to MS for more information.

State approved courses will no longer be accepted after 12/31/2009.

CONTINUING EDUCATION
All licensees must take 12 hours of NMLS approved continuing education, including 2 hours of MS specific, in 2010 in order to renew for 2011, except for licensees who successfully completed the PE certification process in 2010.

SAFE MLO TEST
All new applicants approved on or after 7/31/09 must pass the National and State components of the SAFE MLO Test by 7/31/10 for approved applications or prior to their application being approved if a new applicant.

Existing licensees as of 7/30/2009 must pass the National and State Components of the SAFE MLO Test by 12/31/2010, including those that participated in the PE certification process for the education hours.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 7/31/2010.

All licensees must also submit an additional fingerprint card to MS for the state background check by 7/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Montana (MT)

Montana Division of Banking
and Financial Institutions
(406) 841-2928

SAFE ACT BILL
SB 351 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
12 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after July 1, 2009 must have completed 20 hours of NMLS approved pre-licensure education by 3/1/2010.

Existing licensees as of July 1, 2009 must complete 20 hours of Montana-approved continuing education by 11/1/2009.

State approved courses will no longer be accepted after 11/1/09.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of MT state approved education on or before 11/1/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to the Montana Division of Banking for more information.

CONTINUING EDUCATION
All licensees must take 12 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All new applicants on or after July 1, 2009 must pass the National Component of the SAFE MLO Test by 3/1/2010.

Existing licensees as of July 1, 2009 must pass the National Component of the SAFE MLO Test by 5/31/2010.

All licensees will be required to pass the State Component by 11/30/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by their transition date, either 3/1/2010 or 5/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
North Carolina (NC)

North Carolina Commissioner of Banks
(919) 733-0589

SAFE ACT BILL
HB 1523 (click for content)

Initial Prelicensing Education Requirement
24 Hours
*includes 4 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
All new applicants on or after 12/31/2009 must have completed 24 hours of NMLS approved pre-licensure education, including 4 hours of NC specific.

Existing licensees must have completed 20 hours of NC approved pre-licensure education by 12/31/2009.

State approved courses will no longer be accepted after 12/31/2009.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of NC state approved education on or before 12/31/2009 are eligible to participate in the PE certification process and will not need to take the 20 hour NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education, including 1 hour of NC specific in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test by 7/31/2010.

CERTIFICATION
Currently licensed MLOs who have passed the NC mortgage test no later than 7/31/2009 are eligible to participate in the testing certification process and will not need to take the NC Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
DEADLINE PASSED
All licensees must submit fingerprints through NMLS for a criminal background check by 3/31/2010. A state criminal background check is required to be submitted outside of NMLS.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
North Dakota (ND)

North Dakota Department of Financial Institutions
(701) 328-9932

SAFE ACT BILL
SB 2160 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 7/31/2010 must have completed 20 hours of NMLS approved pre-licensure education.

Existing licensees must complete 20 hours of state approved pre-licensure education by 7/30/2010.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was taken in 2010.

SAFE MLO TEST
All licensees must pass the National Component of the SAFE MLO Test by 7/31/2010.

All licensees must pass the State Component of the SAFE MLO Test by 9/30/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 7/31/2010

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Nebraska (NE)

Nebraska Department of Banking and Finance
(402) 471-2171

SAFE ACT BILL
LB 328 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
All new applicants on or after 1/4/2010 must have completed 20 hours of NMLS approved pre-licensure education by 6/1/2010.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
DEADLINE PASSED
All new applicants are must pass the National and State Components of the SAFE MLO Test by 6/1/2010.

CRIMINAL BACKGROUND CHECK
All new applicants must submit fingerprints through NMLS for a criminal background check by 6/1/2010.

CREDIT REPORT
NE will require the applicant provide certification of financial responsibility until NMLS credit report functionality is established.

All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
New Hampshire (NH)

New Hampshire Banking Department
(603) 271-8675

SAFE ACT BILL
HB610 FN (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 7/31/2009 must have completed 20 hours of NMLS approved pre-licensure education.

Existing licensees as of 7/30/2009 must complete 20 hours of state approved pre-licensure education by 12/31/2009.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test by 12/31/2009.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 5/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
New Mexico (NM)

New Mexico Financial Institutions Division
(505) 476-4566

SAFE ACT BILL
SB 342 / HB 316 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 3 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
All new applicants must have completed 20 hours of NMLS approved pre-licensure education, including 3 hours of NM specific.

CERTIFICATION
All licensees must take 8 hours of NMLS approved continuing education, including 1 hour of NM specific in 2011 in order to renew for 2012.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test by 7/31/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 7/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
New Jersey (NJ)

New Jersey Department of Banking and Insurance
(609) 292-7272

SAFE ACT BILL
AB 3816 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 4 hours of state specific law

Annual Continuing Education Requirement
12 Hours
*includes 2 hours of state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
Transitioning Applicants ONLY
All new applicants and transitioning licensees and registrants on or after 1/4/2010 must complete 20 hours of NMLS approved pre-licensure education, including 4 hours of NJ specific.

Transitioning individual licensees and sole proprietors must complete 20 hours of NMLS approved pre-licensure education, including 4 hours of NJ specific, by 4/30/2010.

Transitioning mortgage solicitor registrants must complete 20 hours of NMLS approved pre-licensure education, including 4 hours of NJ specific, by 5/15/2010.

CONTINUING EDUCATION
All licensees must take 12 hours of NMLS approved continuing education, including 2 hours of NJ specific, in 2011 in order to renew for 2012.

SAFE MLO TEST
DEADLINE PASSED
Transitioning Applicants ONLY
All new qualifying individual, sole proprietor, and mortgage loan originator applicants and all transitioning individual and sole proprietor licensees and registered mortgage solicitors on or after 1/4/2010 must pass the National and State Components of the SAFE MLO Test.

Transitioning individual licensees and sole proprietors must pass the National and State Components of the SAFE MLO Test by 4/30/2010.

Transitioning mortgage solicitor registrants must pass the National and State Components of the SAFE MLO Test by 5/15/2010.

CERTIFICATION
Currently licensed Individual Licensed Lenders and sole proprietor Licensed Lenders as well as any currently registered mortgage solicitors who have passed the NJ Licensed Lender test between 11/2004 and12/31/2009 may be eligible to participate in the testing certification process and may not need to take the NJ Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
DEADLINE PASSED
Transitioning Applicants ONLY
All new qualifying individual and sole proprietor licensees and registered mortgage solicitors on or after 1/4/2010 must submit fingerprints through NMLS for an FBI criminal background check. A NJ state criminal background check is required to be submitted outside of NMLS.

Transitioning individual licensees and sole proprietors must complete the FBI background check through NMLS and complete the NJ state criminal background check through the NJ LiveScan process by 4/30/2010.

Transitioning mortgage solicitor registrants must complete the FBI background check through NMLS and complete the NJ state criminal background check through the NJ LiveScan process by 5/15/2010.

CREDIT REPORT
All new qualifying individual and sole proprietor and mortgage loan originator applicants and all transitioning individual and sole proprietor licensees and registered mortgage solicitors on or after 1/3/2010 will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Nevada (NV)

Nevada Division of Mortgage Lending
(775) 684-7060

SAFE ACT BILL
AB 523 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 10/1/2010 must have completed 30 hours of NMLS approved pre-licensure education before a license will be issued.

Existing licensees as of 9/30/2010 must complete 30 hours of Nevada approved pre-licensure education or 20 hours of continuing education, obtained through two subsequent renewals by 10/1/2010.

State approved courses will no longer be accepted after 9/30/2010.

CERTIFICATION
Currently licensed mortgage agents who have completed at least 30 hours of NV pre-licensure education or completed at least 20 hours of continuing education through two subsequent renewals on or before 9/30/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All mortgage agents must take 10 hours of NMLS approved continuing education in 2011 in order to renew on NMLS for 2012.

All mortgage agents must continue to renew their licenses directly with the Nevada Division of Mortgage Lending through 10/31/2011 and include support of 10 hours of CE. CE taken to complete the state renewal may be applied towards the NMLS renewal requirement.

SAFE MLO TEST
All new applicants on or after 10/1/2010 must pass the National and State Components of the SAFE MLO Test prior to licensure.

Existing licensees as of 9/30/2010 must pass the National and State components of the SAFE MLO Test by 12/31/2010. The NV law test will not be offered through NMLS until 10/1/2010. However, the NV PSI test will be offered until 9/30/2010.

CERTIFICATION
Currently licensed agents who have passed the NV PSI test no later than 9/30/2010 are eligible to participate in the testing certification process and will not need to take the NV Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
New York (NY)

New York State Banking Department
(212) 709-5556

SAFE ACT BILL
A6924 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 3 hours of state specific law

Annual Continuing Education Requirement
11 Hours
*includes 3 hours of state specific law

PRE-LICENSURE EDUCATION
All applicants on or after 7/11/09 must have completed 20 hours of NMLS approved pre-licensure education, including 3 hours of NY specific, by 5/31/2010.

Existing licensees approved as of 7/11/09 must have completed 20 hours of NMLS approved pre-licensure education, including 3 hours of NY specific, by 8/31/2010.

Anyone who filed an application prior to 7/11/09 that has not been approved, withdrawn or denied must have completed 20 hours of NMLS approved pre-licensure education, including 3 hours of NY specific, by 5/31/2010.

NY intends to participate in the pre-licensure education certification process. State approved courses taken after 11/30/2009 will not be accepted for certification as part of the pre-licensure education process.

CONTINUING EDUCATION
All Licensees with 2009 Compliant education are required to complete 11 hours of Continuing Education, including 3 hours of New York Specific content in 2010 in order to renew for 2011.

SAFE MLO TEST
All applicants who filed an application after 7/11/09 must pass the National and State Components of the SAFE MLO Test by 5/31/2010.

Existing licensees approved as of 7/11/09 must pass the National and State Components of the SAFE MLO Test by 8/31/2010.

Anyone who filed an application prior to 7/11/09 that has not been approved, withdrawn or denied must pass the National and State Components of the SAFE MLO Test by 5/31/2010.

CRIMINAL BACKGROUND CHECK
Individuals that filed an application prior to January 25, 2010 must submit fingerprints through the NMLS for a criminal background check by 8/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Ohio (OH)

Ohio Division of Financial Institutions
(614) 728-8400

SAFE ACT BILL
HB 1 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 4 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
All new applicants under both the OMBA and OMLA, on or after 1/1/2010 must have completed 20 hours of NMLS approved pre-licensure education. Applicants under the OMBA must also take an additional 4 hours of NMLS and OH DFI approved pre-licensure education.

All licensees under the OMLA must complete 20 hours of NMLS approved pre-licensure education by 12/31/2010.

Existing licensees under the OMBA must complete either the existing 24 hour OH approved pre-licensure education or a minimum of 20 hours of OH approved continuing education by 12/31/2009.

State approved continuing education courses will no longer be accepted after 12/31/2009.

CERTIFICATION
Currently licensed LOs who have completed at least 20 hours of OH state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
DEADLINE PASSED
All licensees under the OMBA must pass the National Component of the SAFE MLO Test by 4/30/2010.

Existing licensees under the OMBA that passed the existing OH licensing test prior to 1/1/2004 must retake the OH licensing test currently offered by PSI prior to 4/30/2010.

All licensees under the OMLA must pass the National and State Component of the SAFE MLO Test by 12/31/2010.

CERTIFICATION
Currently licensed LOs who have passed the OH mortgage test no later than 4/30/2010 may be eligible to participate in the testing certification process and may not need to take the OH Component of the SAFE LO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
Oklahoma (OK)

Oklahoma Department of Consumer Credit Licensing
(405) 521-3653

SAFE ACT BILL
SB 1062 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 7/1/2009 must have completed 20 hours of NMLS approved pre-licensure education

Existing licensees as of 6/30/2009 must complete 20 hours of NMLS approved pre-licensure education by 12/31/2009, unless the licensee completed at least 20 hours of state approved education prior to 8/1/2009.

State approved courses will no longer be accepted after 8/1/2009.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of OK state approved education on or before 8/1/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test by 7/31/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 7/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Oregon (OR)

Oregon Division of Finance and Corporate Securities
(503) 947-7478

SAFE ACT BILL
HB 2189 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
10 Hours
*includes 2 hours of state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
All new loan originators on or after 1/1/2010 must have completed 20 hours of NMLS approved pre-licensure education.

Existing listed loan originators as of 12/31/2009 must complete 20 hours of NMLS approved pre-licensure education by 5/31/2010, unless the loan originator has completed at least 20 hours of MLEB approved education prior to 12/31/2009.

CERTIFICATION
Currently listed MLOs who have completed at least 20 hours of OR state approved education on or before 12/31/2009 and apply for a license by 5/31/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

MLEB approved continuing education courses will no longer be accepted after 12/31/2010.

CONTINUING EDUCATION
All licensees must take 10 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
National Component
All licensees must pass the National Component of the SAFE MLO Test by 5/31/2010. Also, all licensees must pass the currently administered OR state test by 5/31/2010.

State Component
The State Component of the SAFE MLO Test is scheduled to be available on 6/14/2010 and on that date the currently administered OR state test will be discontinued. All new applicants after 6/14/2010 must pass the National and State Components of the SAFE MLO Test prior to licensure.

CERTIFICATION
Currently listed MLOs who have passed the OR mortgage test no later than 6/13/2010 may be eligible to participate in the testing certification process and may not need to take the OR Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 5/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Puerto Rico (PR)

Puerto Rico Office of the Commissioner of Financial Institutions
(800) 981-7711

SAFE ACT BILL
PC 1578 (en Espanol)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
TBD

CONTINUING EDUCATION
TBD

SAFE MLO TEST
TBD

CRIMINAL BACKGROUND CHECK
TBD

CREDIT REPORT
TBD
Pennsylvania (PA)

Pennsylvania Department of Banking
(717) 787-3717
*Listen to the voice message to get the extension you need to receive the quickest assistance.

SAFE ACT BILL
HB 1654 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 3 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
All new applicants on or after 9/1/2009 must have completed 20 hours of NMLS approved pre-licensure education, which includes 3 hours of PA specific.

Existing licensees as of 8/30/2009 must complete 20 hours of NMLS approved pre-licensure education, which must include 3 hours of PA specific, by 12/31/2009.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education, including 1 hour of PA specific, in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
DEADLINE PASSED
All licensees must pass the National and State Components of the SAFE MLO Test by 4/30/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010. A state criminal background check is required to be submitted outside of NMLS.

CREDIT REPORT
PA will continue to have the applicant provide a credit report that contains a credit score until NMLS credit report functionality is established.

All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Rhode Island (RI)

Rhode Island Department of Business Regulation
(401) 462-9503

SAFE ACT BILL
H 5704 / S 0461 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 3 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
All new applicants on or after 9/11/2009 must have completed 20 hours of NMLS approved pre-licensure education, including 3 hours of RI specific.

Existing licensees as of 9/10/2009 must complete a total of 20 hours of either RI state approved education taken prior to 12/1/2009 or NMLS approved education by 11/30/2009. State approved education will no longer be accepted after 12/1/2009.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of RI state approved education on or before 11/30/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education, including 1 hour of RI specific, in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test by 12/31/2009.

All licensees must pass the National and State Components of the SAFE MLO Test in order to obtain or maintain a license.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 10/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
South Carolina (SC)

South Carolina Board of
Financial Institutions (BFI)
(803) 734-2020

SAFE ACT BILL
SB 673 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants must complete 20 hours of NMLS approved pre-licensure education no later than 7/30/2010.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All licensees must pass the National and State Component of the SAFE MLO Test by 7/30/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 7/30/2010.

CREDIT REPORT
SC BFI will require a credit bureau dated within 30 days of application and submitted with all other jurisdictional documents. This policy will be in place until the functionality is established through NMLS. Once available through NMLS all licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.




South Carolina Department of Consumer Affairs (DCA)
(803) 734-4358


Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 7/30/2009 must have completed 20 hours of pre-licensure education by 7/30/2010.

Existing licensees before 7/30/2009 must complete 20 hours of NMLS approved pre-licensure education by 12/31/2010, unless the licensee completed at least 20 hours of state approved education prior to 3/31/2010.

State approved courses will no longer be accepted after 3/31/2010.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of SC-DCA state approved education on or before 3/31/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All new applicants on or after 7/30/2009 must pass the National and State Components of the SAFE MLO Test 7/30/2010.

Existing licensees before 7/30/2009 must pass the National and State Components of the SAFE MLO Test by 12/31/2010.

CRIMINAL BACKGROUND CHECK
All new applicants on or after 7/30/2009 must submit fingerprints through NMLS for a background check by 7/30/2010.

Existing licensees on or before 7/30/2009 must submit fingerprints through NMLS for a background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
South Dakota (SD)

South Dakota Division of Banking
(605) 773-3421

SAFE ACT BILL
HB 1060 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 1/1/2010 must have completed 20 hours of NMLS approved pre-licensure education.

Existing licensees as of 12/31/2009 must complete 20 hours of NMLS approved pre-licensure education by 12/31/2010, unless the licensee has completed at least 20 hours of SDDOB approved education prior to 12/31/2009.

State approved courses will no longer be accepted after 12/31/2009.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of SD state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test prior to renewal in 2010 and no later than 12/31/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a background check prior to renewal in 2010 and no later than 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Tennessee (TN)

Tennessee Department of Financial Institutions
(615) 253-6714

SAFE ACT BILL
HB 2316 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 7/31/2010 must have completed 20 hours of NMLS approved pre-licensure education.

Existing licensees must complete 20 hours of NMLS approved pre-licensure education by 7/30/2010.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All licensees must pass the National and State Components of the SAFE MLO Test by 7/30/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and December 31, 2010.
Texas (TX)

Texas Office of Consumer Credit Commissioner (OCCC)
(512) 936-7600

SAFE ACT BILL
HB 10 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants must have completed 20 hours of NMLS approved pre-licensure education prior to a license being issued.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All licensees must pass the National and State Component of the SAFE MLO Test prior to a license being issued.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check prior to a license being issued.

CREDIT REPORT
All licensees must authorize a credit report through NMLS prior to a license being issued.




Texas Department of Savings and Mortgage Lending (SML)
(877) 276-5550


Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
Mortgage Banker; FSC; CUSO; Auxiliary; and Independent LP & Underwriter RMLOs

All new applicants on or after 4/2/2010 must have completed 20 hours of NMLS approved pre-licensure education prior to filing form MU4 in NMLS.

Existing licensees must complete 20 hours of NMLS approved, or be able to have certified Texas SML approved, pre-licensure education prior to transitioning to NMLS by 5/31/2010.

Mortgage Company RMLOs
All new applicants on or after 7/1/2010 must have completed 20 hours of NMLS approved pre-licensure education prior to filing form MU4 in NMLS.

Existing licensees must complete 20 hours of NMLS approved, or be able to have certified Texas SML approved, pre-licensure education prior to transitioning to NMLS by 8/31/2010.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of TX-SML state approved education on or before 8/13/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
Existing licensees licensed on or before 7/31/2009 must pass the National Component of the SAFE MLO Test prior to renewing their license for 2011.

Existing licensees licensed on or after 8/1/2009 and all new applicants must pass the National Component of the SAFE MLO Test prior to filing form MU4 in NMLS.

Existing licensees and all new applicants must pass the State Component of the SAFE MLO Test or be able to have certified passage of the Texas MB/LO Pre-Licensing Examination prior to filing form MU4 in NMLS.

The State Component of the SAFE MLO Test will be available as of 8/16/2010, at which time the Texas MB/LO Pre-Licensing Examination will no longer be available.

CERTIFICATION
Currently licensed MLOs who have passed the TX RMLO Pre-licensing Examination no later than 8/15/2010 may be eligible to participate in the testing certification process and may not need to take the TX Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check at time of filing form MU4 in NMLS.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Utah (UT)

Utah Division of Real Estate (DRE)
(801) 530-6297 or (801) 530-6759

SAFE ACT BILL
SB 31 (click for content)

Initial Prelicensing Education Requirement
60 Hours
*includes 10 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 1/1/2010 must have completed 20 hours of NMLS approved pre-licensure education, and an additional 40 hours of UT specific.

CERTIFICATION
Currently licensed MLOs who have completed at least 20 hours of UT-DRE state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.

CONTINUING EDUCATION
All licensees prior to 10/1/2009 must complete 14 hours of Utah DRE or NMLS approved continuing education in 2010 in order to renew for 2011.

All new licensees after 10/1/2009 must complete 8 hours of Utah DRE or NMLS approved continuing education in 2010 in order to renew for 2011.

SAFE MLO TEST
Existing licensees must pass the National Component of the SAFE MLO Test at time of renewal in 2010 but no later than 12/31/2010.

It is recommended that individuals pass the National Component of the SAFE MLO Test early in order to ensure adequate time for processing of the application.

All new applicants must pass the National and State Components of the SAFE MLO Test before a license will be approved.

CERTIFICATION
Currently licensed MLOs who have passed the UT-DRE mortgage test no later than 2/21/2010 may be eligible to participate in the testing certification process and may not need to take the UT-DRE State Component of the SAFE MLO Test. Refer to your state agency for more information.

CRIMINAL BACKGROUND CHECK
Licensees (regardless if you were previously fingerprinted) must submit fingerprints through NMLS for a criminal background check prior to renewal in 2010 but no later than 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.


Utah Department of Financial Institutions
(801) 538-8830

SAFE ACT BILL
HB 286 (click for content)

PRE-LICENSURE EDUCATION
All new applicants must have completed 20 hours of NMLS approved pre-licensure education by 12/31/2010.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All licensees must pass the National and State Component of the SAFE MLO Test by 12/31/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Virginia (VA)

Virginia Bureau of Financial Institutions
(804) 371-0484

SAFE ACT BILL
SB 1171 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All applicants must have completed 20 hours of NMLS approved pre-licensure education prior to 7/1/2010.

All applicants on or after 7/1/2010 must have completed 20 hours of NMLS approved pre-licensure education prior to application.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All applicants must pass the National and State Components of the SAFE MLO Test by 7/1/2010.

All applicants on or after 7/1/2010 must pass the National and State Components of the SAFE MLO Test prior to application.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 7/1/2010.

All applicants on or after 7/1/2010 must submit fingerprints through NMLS for a criminal background check when the application is submitted.

CREDIT REPORT
Virginia is obtaining credit reports directly from the credit bureau, until NMLS credit report functionality is established.

All applicants will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
US Virgin Islands (VI)

Virgin Islands Division of Banking and Insurance
(340) 774-7166

SAFE ACT BILL
TBD (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants must have completed 20 hours of NMLS approved pre-licensure education by 12/01/2010.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All licensees must pass the National and State Component of the SAFE MLO Test by 10/31/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/01/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Vermont (VT)

Vermont Department of Banking, Insurance, Securities, and Health Care Administration
(802) 828-3307

SAFE ACT BILL
HB 171 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 4/1/2010 must have completed 20 hours of NMLS approved pre-licensure education.

Existing licensees as of 3/31/2010 must complete 20 hours of NMLS approved pre-licensure education by 7/1/2010.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012.

SAFE MLO TEST
All new applicants on or after 4/1/2010 must have passed the National and State Components of the SAFE MLO Test.

Existing licensees as of 3/31/2010 must pass the National and State Components of the SAFE MLO Test by 7/1/2010.

CRIMINAL BACKGROUND CHECK
All new applicants on or after 4/1/2010 must submit fingerprints through the NMLS for a criminal background check.

Existing licensees as of 3/31/2010 must submit fingerprints through NMLS for a criminal background check by 7/1/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.

All new applicants must submit a credit report and credit score directly to VT issued by one of the recognized credit agencies pending NMLS credit report functionality.
Washington (WA)

Washington Department of Financial Institutions
(360) 902-8703

SAFE ACT BILL
SB 1749/ HB 1621 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 2 hours of state specific law

Annual Continuing Education Requirement
9 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
All new applicants must complete 20 hours of NMLS approved pre-licensure education, including 2 hours in WA law.

CERTIFICATION
Individuals licensed as of 7/30/09, who renewed for 2010 and who completed 20 hours of WA state approved education on or before 5/31/2010 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensing education. Refer to WA state’s website for more information click here.

CONTINUING EDUCATION
All licensees must take 9 hours of NMLS approved continuing education, including 1 hour in WA state content, in 2010 in order to renew for 2011, unless PE was completed or certified by WA in 2010.

SAFE MLO TEST
All licensees must pass the National Component of the SAFE MLO Test by 12/31/2010.

Existing licensees who did not pass a Washington test administered by PearsonVue between June 2007 and July 2009 must also pass the State Component of the SAFE MLO Test by 12/31/2010.

CERTIFICATION
All new applicants must pass the National & State Components of the SAFE MLO test. If the applicant applies for a license on or before 5/31/2010 and passed the Washington PearsonVue test between June 2007 and July 2009 then they do not need to pass the State Component of the SAFE MLO Test.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by 12/31/2010.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Wisconsin (WI)

Wisconsin Department of
Financial Institutions
(608) 261-7578

SAFE ACT BILL
SB62 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
All new MLO applicants must complete 20 hours of NMLS approved pre-licensing education before they will be licensed.

CERTIFICATION
Unless certified as having already taken 20 hours of Wisconsin approved continuing education, existing MLOs must complete 20 hours of NMLS approved pre-licensing education before 12/31/10. Refer to WI DFI’s website (www.wdfi.org) for additional information on certification.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew his or her license for 2012.

If your existing Wisconsin MLO license expires during 2010, there are Wisconsin specific continuing education requirements you will need to meet in order to have your license renewed to 12/31/10. Refer to WI DFI’s website (www.wdfi.org) for additional information.

SAFE MLO TEST
All new MLO applicants must pass the national component of the SAFE MLO test before they will be licensed.

All existing MLOs must pass the national component of the SAFE MLO test before 12/31/10.

All new MLO applicants must pass the state component of the SAFE MLO test between 8/16/10 (scheduled date of availability) and 12/31/10.

CERTIFICATION
Unless certified as having already passed the Wisconsin test or test-out, existing MLOs must pass the state component of the SAFE MLO test between 8/16/10 (scheduled date of availability) and 12/31/10. Refer to WI DFI’s website (www.wdfi.org) for additional information on certification.

CRIMINAL BACKGROUND CHECK
All new MLO applicants are required to request a FBI criminal background check (“CBC”) with the submission of a license request.

All existing MLO licensees must request a CBC prior to 12/31/10.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and no later than 12/31/2010.
West Virginia (WV)

West Virginia Division of Banking
(304) 558-2294

SAFE ACT BILL
SB 532 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*includes 2 hours of state specific law

Annual Continuing Education Requirement
8 Hours
*includes 1 hour of state specific law

PRE-LICENSURE EDUCATION
All new applicants on or after 1/4/2010 must complete 20 hours of NMLS approved pre-licensure education, including 2 hours of WV specific.

Existing licensees prior to 7/1/2009 must complete 20 hours of NMLS approved pre-licensure education, including 2 hours of WV specific, by 10/31/2010, unless the licensee has completed at least 20 hours of state approved education prior to 12/31/2009.

Licensees approved between 7/1/2009 and 12/31/2009 must complete 20 hours of NMLS approved pre-licensure education, including 2 hours of WV specific by 1/31/2010.

State approved courses will no longer be accepted after 12/31/2009.

CONTINUING EDUCATION
All licensees must take 8 hours of NMLS approved continuing education, including 1 hour of WV specific, in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
All licensees approved before 7/1/2009 must pass the National Component of the SAFE MLO Test by 10/31/2010.

All licensees approved on or after 7/1/2009 must pass the National Component of the SAFE MLO Test no later than 1/31/2010.

All licensees must pass the State Component of the SAFE MLO Test by 10/31/2010.

CRIMINAL BACKGROUND CHECK
All licensees must submit fingerprints through NMLS for a criminal background check by TBD.

CREDIT REPORT
All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
Wyoming (WY)

Wyoming Division of Banking
(307) 777-6483

SAFE ACT BILL
HB 169 (click for content)

Initial Prelicensing Education Requirement
20 Hours
*there is no requirement for state specific law

Annual Continuing Education Requirement
8 Hours
*there is no requirement for state specific law

PRE-LICENSURE EDUCATION
DEADLINE PASSED
All new applicants on or after 7/1/2009 must have completed 20 hours of pre-licensure education by 6/1/2010.

CONTINUING EDUCATION
All licensees must complete 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.

SAFE MLO TEST
DEADLINE PASSED
All new applicants on or after 10/22/09 must pass the National and State Components of the SAFE MLO Test by 6/1/2010.

CRIMINAL BACKGROUND CHECK
.All new applicants must submit fingerprints through NMLS for a criminal background check by 6/1/2010.

CREDIT REPORT
Credit reports will be obtained by Wyoming through its own resources until credit reports are authorized through NMLS.

MLO's are required to authorize a credit report through NMLS between October 2010 and March 1, 2011.
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All information about the nmls test, mortgage broker education, loan officer training and MLO requirements is gathered from government agencies that regulate the mortgage industry. Please check with your legal advisor to confirm all actions regarding your licensure for final confidence.