What is the amount of continuing education hours required by Oregon to maintain licensure as an MLO?
All Mortgage Loan Originator (MLO) licensees must complete Continuing Education (CE) prior to renewing each calendar year. All Continuing Education courses must be NMLS approved. Continuing Education RequirementsMLO licensees are required to complete 9 hours of Continuing Education. The courses must be from the NMLS CE Catalog. The 9 hours must cover 3 hours in Federal law and regulations, 2 hours in ethics, 2 hours in lending standards for nontraditional mortgage products, 1 hour in Washington law and the final 1 hour is an elective. There are two most common ways to meet this requirement, depending on if you are licensed in just Washington or in multiple states:
Tips for Continuing Education SuccessIt is very important to keep in mind the following when planning your Continuing Education:
Find a Course - NMLS Course Catalog
Frequently Asked Questions
How many hours of Oregon State specific continuing education are required each year?Oregon Mortgage License Continuing Education Requirements
Mortgage loan originators licensed in Oregon must take 10 hours of NMLS-approved continuing education every year. This includes 8 hours of NMLS general education and a 2-hour Oregon state-specific elective.
How many hours of federal law must be included in an MLO continuing education each year in Colorado?You need to complete eight (8) hours of continuing education within each calendar year to renew or reinstate your MLO license.
How many hours of CA law are required for MLO continuing education each year?General SAFE Act CE Requirements: The SAFE Act requires licensed Mortgage Loan Originators to take a minimum of 8 hours of continuing education (CE) every year. The NMLS mortgage continuing education license renewal credit hours must be in the following categories: 3 hours of Federal Laws and Regulations.
How do I become an MLO in Oregon?An applicant must:. Complete 20 hours of pre-licensure education, including fours hours of Oregon-specific education.. Pass the national test with uniform state content.. Have a surety bond or be covered by the company's surety bond using the scale provided for in Oregon law.. Submit an application through NMLS (MU4 form).. |