What are the continuing education requirements for mortgage bankers in Nebraska?

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What are the continuing education requirements for mortgage bankers in Nebraska?

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Mortgage Lender Training for Nebraska

Mortgage Lender Training for NebraskaLOS2020-04-22T10:06:47-07:00

What are the continuing education requirements for mortgage bankers in Nebraska?

Nebraska Department of Banking & Finance
Commerce Court
1230 ‘O’ Street, Suite 400
Lincoln, NE 68508-1402
(402) 471-2171

Nebraska Department of Banking & Finance licensed mortgage loan officers require 22 hours of pre-licensing education; The national 20-hour class and an additional 2 hours of state law.

All states require a national exam for licensing. Nebraska does not require an additional state test, requires 2 hour of separate state law for those who are currently NMLS-licensed elsewhere, and requires 8 hours of continuing education (CE) annually for NMLS-licensed mortgage loan officers.

NMLS Continuing Education (CE)

  • Online Live Webinar

  • Online Self-Study

NMLS Pre-Licensing Education (PE)

  • Online Live Webinar

  • Online Self-Guided (instructor-Led)

  • NE 2-Hour State Law Course

Exam Preparation

  • NMLS National Test Preparation (Online Video)

Loan Officer/Processor Training

  • Loan Officer Basic Training Online

  • Loan Processor Training

NMLS Pre-Licensing Education

  • Classroom-Equivalent Live Webcast

  • Instructor-Facilitated Online Reading

  • NE 2-Hour NMLS Pre-Licensing Course

Production & Coaching Tools

  • OriginationPro Mortgage School

Title

Total HoursNationalState
You Need: 8 8 0
We Offer: 8 8 0

Nebraska Requirement Detail for Mortgage Continuing Education

Hours Required by the State: 8 hours
  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of electives

An MLO who has completed their pre-licensure education (PE) course requirements in the same year in which the license was approved is not required to complete CE within the same year.

Successive Years Rule:

A licensee may not take the same CE course two years in a row.

Seat Time:

Seat time will be enforced and our online course delivery system manages this requirement.


NMLS Provider # 1405076

Course Completion Reporting:

Mortgage course completions are reported to the Nationwide Multistate Licensing System and Registry (NMLS). The CE Shop will report credits to the NMLS within 7 business days of course completion. The NMLS recommends completing CE prior to the 12/31 deadline as licensees are unable to apply to renew their license if their CE is not complete.

NMLS recommended time frames:

SMART Renewal Deadline:

CE course reported to NMLS by Friday, December 9

At-Risk-to-Miss Renewal Deadline:

Course reported to NMLS by Friday, December 16

Guaranteed to Miss Renewal Deadline:

Course reported to NMLS on Friday, December 30

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The SAFE Act mandates that state-licensed mortgage loan originators complete a minumum of 8 hours of continuing education annually. The 8 hours must include: 3 hours of Federal law and regulations 2 hours of ethics, including instruction on fraud...

How many hours of continuing education must an MLO take to be eligible for license renewal in NJ?

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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.

What is the renewal fee for MLOs who fail to complete their continuing education prior to renewal in SC?

(B) If a licensee fails to complete his continuing professional education prior to renewal, his license shall expire and the licensee shall pay a penalty of one hundred dollars in order to renew the license.