|
||||||||||||||||
| HOME > Mortgage > Education FAQs | ||||||||||||||||
| Mortgage Education Frequently Asked Questions | ||||||||||||||||
What are the pre-license education requirements? Prior to becoming a licensed Mortgage Loan Originator, an individual must take 20 hours of NMLS-approved education and 40 hours of Utah DRE-approved education from a certified Mortgage Pre-license School. What are the continuing education requirements? If your license was obtained prior to October 1, 2009, to renew a license in 2010 on active or inactive status an individual must complete 14 hours of certified Mortgage Continuing Education Courses, including 2 hours of ethics and 3 hours of federal/state mortgage lending laws. Thereafter, you must complete 8 hours of NMLS-approved Continuing Education each year. If you were licensed after October 1, 2009, you must complete 8 hours of NMLS-approved Continuing Education each year. Note: CE is required if renewing as inactive in 2010, thereafter, to remain on inactive status, you must complete 8 hours of CE each year. What continuing education courses have been certified by the Division? Click here for a list of certified "Live" Mortgage Continuing Education Courses What pre-license schools have been certified by the Division? Click here for a list of certified Mortgage Pre-license Schools. How do I certify a continuing education course? To certify a Mortgage Continuing Education Course for Utah-specific education you must submit to the Division
Note: Any Utah DRE-approved Continuing Education will expire on December 31, 2010. After this time, only NMLS-approved education will be accepted to meet the continuing education requirements. To certify a Mortgage Continuing Education Course through NMLS, the provider must become an approved provider through NMLS. The Divison will not be certifying Continuing Education after December 30, 2010. How do I become a certified continuing education instructor? To become a certified Mortgage Continuing Education Instructor an individual must be a certified Continuing Education Provider through NMLS. The Division will not be certifying Continuing Education Instructors for Mortgage. How do I certify a Pre-license School? To certify a Mortgage Pre-license School an individual must:
How do I become a certified pre-license instructor? To become a certified Mortgage Pre-license Instructor an individual must:
How do I renew a certification? Certifications are valid for a two-year period and renewal forms will be mailed out six weeks prior to the expiration date.
|
||||||||||||||||
| Department of Commerce | Division Staff | Contact Us | Board / Commission Meetings | ||||||||||||||||