Nevada MLO PreLicensing Education Requirements

New state-licensed MLOs are required to complete 30 hours of NMLS hours of ethics (which shall include fraud, consumer protection, and fair lending issues), 2 hours of non traditional mortgage lending, 18 hours of undefined education (referred to as electives) + 4 hours of NV law.  Number of hours is 3/3/2/18/+ 4hrs of NV law = 30

Nevada has a requirement for 4 hours of instruction on state-specific law which may be satisfied by either taking a NV comprehensive course or a state-specific elective course.

Click here to start with the 30 Hour Course and get ready for the NMLS national component exam

Nevada Mortgage Loan Originator Continuing Education Requirements

Every state-licensed MLO (in any approved status) is required to complete at least 8 hours of NMLS approved education annually beginning the year they are licensed (unless PE was completed in the same year).  Annual CE education must include 3 hours of Federal law, 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), and 2 hours of non-traditional mortgage lending, plus 3 hours of NV specific education. Number of hours is 3/2/2/+ 3hrs of NV law = 10

Click here for an 8 hour Comprehensive CE Course, NMLS Approved!

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row. MLO’s are advised not to retake pre-licensure education (PE) unless directed to by a State Regulator.  PE education does not count towards meeting annual CE requirements.

Am I required to take Continuing Education this year?
If I completed SAFE Act PE in 2009,2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 or 2019 and I was licensed in 2009, 2010, 2011, 2012, 2013, 2014, 2015, or 2016, 2017, 2018, 2019 am I required to complete CE in 2020 YES
If I completed SAFE Act PE in 2020 and I was approved for an initial license in 2020 am I required to complete CE in 2020 No

Deadline 

The deadline to complete CE is December 31, 2020.  However, MLOs in Nevada are prohibited from submitting an application to renew their license if they have not completed CE.  Since it may take as long as seven (7) days for a course provider to report a course completion into NMLS, MLOs are strongly encouraged not to wait until the last minute to try to complete CE or they may be prevented from submitting for renewal on time.

 Click here for an 8 hour Comprehensive CE Course, NMLS Approved!

Request a coupon code, group pricing or customized NMLS SAFE education plan by completing the form

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State of Nevada Department of Business & Industry

Division of Mortgage Lending

3300 West Sahara Avenue, Suite 285
Las Vegas, NV 89102 (map)
Phone: (702) 486-0782
Fax (702) 486-0785
Email: mldinfo@mld.nv.gov 

Office Hours:  Monday through Friday 8:00 am to 5:00 pm

Licensing

1830 College Parkway, Suite 100
Carson City, NV 89706
Phone:  775-684-7060
Fax:  775-684-7061
Email: MLDLicensing@mld.nv.gov

Education Requirements for Mortgage Companies

If you have questions, please contact Beth Waite, the Division’s Education and Information Officer.

Phone:  702-486-7232
E-mail:  ewaite@mld.nv.gov

Any person who wishes to engage in any activity meeting the statutory definition of “mortgage company” or “mortgage loan originator” with respect to residential or commercial property is required to fulfill certain education requirements under NRS 645B.

Education for Initial Licensure

Any applicant for an initial license as a mortgage company or loan originator must complete at least 30 hours of pre-licensure education (PE) in approved courses from the subjects set forth in NAC 645B.363.

The required pre-licensure education (PE) can be accessed through the NMLS website.

Education for Continuation of Licensing

To satisfy the requirements for continuing education (CE) provided for in NRS 645B.051 or 645B.430 , a mortgage company or mortgage loan originator must complete at least 8 hours of approved courses of continuing education during the 12 months immediately preceding the date on which the license expires. The Qualified Employee for each company office must take one hour of Nevada specific content as one of the required 8 hours.

The required continuing education (CE) coursework can be accessed through the NMLS website.

Nevada State Specific Education Requirements for Mortgage Loan Originators

Continuing Education Requirements for NMLS Mortgage Loan Originators and Qualified Employees

2021 Renewals (Due 12/31/20) for all residential mortgage loan originators (NMLS):

A total of 8 hours of CE is required for renewal. Annual CE education must include:

  • 3 hours of Federal law
  • 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues)
  • 2 hours of non-traditional mortgage lending
  • 1 hour of an elective course

QE renewals done during 2020 for 2021 renewals require one hour of Nevada law and regulations in lieu of the elective course. Any agent may take this Nevada specific course as their elective course.

All approved courses are available from providers approved through the Nationwide Multistate Licensing Service (NMLS). The list of approved education providers is available at the NMLS Website.

Continuing Education Requirement for Non-NMLS and Commercial Mortgage Loan Originators

All Commercial and Non-NMLS mortgage loan originators are required to complete a total of 5 hours of CE for annual renewal. This education must include:

  • 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues
  • 3 hours of non-traditional mortgage lending (may be satisfied with 3 one-hour elective mortgage lending courses)
QE renewals require one hour of Nevada Law and Regulations in lieu of one hour non-traditional mortgage lending.

Licensee Type

Total PE

Hours

Course Requirements

Total CE

Hours

Course Requirements

Escrow

Agencies

0

0

Escrow Agents (NAC 645A.070) (NAC 645A.075)

15

  • 3 Hrs. professional ethics including fraud and consumer protection;

  • 4 Hrs. of NV law and regulations relating to escrow agencies or escrow agents (2 of these hours must be on NRS 645A and NAC 645A);

  • 6 Hrs. of applicable federal law or regulations, practical application of escrow processes, or a specialized area of practice; and

  • 2 Hrs. of electives

10

  • 2 Hrs. of professional ethics including fraud and consumer protection;

  • 4 Hrs. of Nevada law and regulations relating to NRS 645A and NAC 645A or other NV or federal laws relating to escrow; and

  • 4 Hrs. of electives

Mortgage Company [if a natural person; or Qualified Employee (QE) if not]

(NAC 645B.367) (NAC 645B.373)

30

  • 3 Hrs. of ethics including fraud, consumer protection, and fair lending issues;

  • 3 Hrs. of federal law and regulations related to mortgage lending;

  • 2 Hrs. of training relating to lending standards for the nontraditional mortgage product marketplace;

  • 4 Hrs. of NV law and regulations relating to mortgage lending; and

  • 18 Hrs. of electives

8

  • 3 Hrs. of federal laws and regulations related to mortgage lending;

  • 2 Hrs. of ethics including fraud, consumer protection, and fair lending issues;

  • 2 Hrs. of training related to lending standards for nontraditional mortgage products; and

  • 1 Hr. of NV laws and regulations [Required of Company or Branch Manager or Qualified Employee (QE)]

Mortgage Loan Originators (NAC 645B.367) (NAC 645B.373)

30

  • 3 Hrs. of ethics including fraud, consumer protection, and fair lending issues;

  • 3 Hrs. of federal law and regulations related to mortgage lending;

  • 2 Hrs. of training relating to lending standards for the nontraditional mortgage product marketplace;

8

  • 3 Hrs. of federal laws and regulations related to mortgage lending;

  • 2 Hrs. of ethics including fraud, consumer protection, and fair lending issues;

  • 2 Hrs. of training related to lending standards for nontraditional mortgage products; and

  • 1 Hr. Electives [If Qualified Employee (QE)of the Mortgage Company, this

Licensee Type

Total PE

Hours

Course Requirements

Total CE

Hours

Course Requirements

  • 4 Hrs. of NV law and regulations relating to mortgage lending; and

  • 18 Hrs. of electives

must be 1 hour Nevada Specific education]

Commercial Only (non NMLS companies and loan originators)

30

  • 3 Hrs. of ethics including fraud, consumer protection, and fair lending issues;

  • 3 Hrs. of federal law and regulations related to mortgage lending;

  • 2 Hrs. of training relating to lending standards for the nontraditional mortgage product marketplace;

  • 4 Hrs. of NV law and regulations relating to mortgage lending; and

  • 18 Hrs. of electives

5

  • 2 Hrs. of ethics including fraud, consumer protection, and fair lending issues

  • 3 Hrs. electives [Company Qualified Employee (QE) is required to take 1 hour Nevada Specific Education as one of the three elective hours]

Mortgage

Servicers

0

0

Covered Service Providers

(NAC 645F.500) (NAC 645F.505)

25

  • 3 Hrs. of professional ethics including fraud, consumer protection, and fair lending issues;

  • 6 Hrs. of federal law and regulations relating to mortgage lending which must include not less than (2) Hrs. regarding RESPA, (2) Hrs. on TILA, and (2) Hrs. regarding other federal laws and regulations including loan modification and foreclosure;

  • 4 Hrs. of NV law and regulations; (2) Hrs. of which must be on NRS 645F and NAC 645F; and

  • 12 Hrs. of electives

10

  • 2 Hrs. of professional ethics including fraud, consumer protection, and fair lending issues;

  • 2 Hrs. of federal law and regulations related to mortgage lending;

  • 1 Hr. of NV law and regulations relating to NRS 645F and NAC 645F; and

  • 5 Hrs. of electives

Licensee Type

Total

PE

Hours

Course Requirements

Total

CE

Hours

Course Requirements

Foreclosure Consultant (NAC 645F.500) (NAC 645F.505)

20

  • Hrs. of professional ethics including fraud, consumer protection, and fair lending issues

  • 6 Hrs. of federal law and regulations relating to mortgage lending which must include not less than (2) Hrs. regarding RESPA, (2) Hrs. on TILA, and (2) Hrs. regarding other federal laws and regulations including loan modification and foreclosure

  • 4 Hrs. of NV law and regulations; (2) Hrs of which must be on NRS 645F and NAC 645F

  • 7 Hrs. of electives

7

  • 2 Hrs. of professional ethics including fraud, consumer protection, and fair lending issues;

  • 2 Hrs. of federal law and regulations related to mortgage lending;

  • 1 Hr. of NV law and regulations relating to NRS 645F and NAC 645F; and

  • 2 Hrs. of electives

Loan Modification Consultant (NAC 645F.500) (NAC 645F.505)

15

  • 3 Hrs. of professional ethics including fraud, consumer protection, and fair lending issues

  • 6 Hrs. of federal law and regulations relating to mortgage lending which must include not less than (2) Hrs. regarding RESPA, (2) Hrs. on TILA, and (2) Hrs. regarding other federal laws and regulations including loan modification and foreclosure

  • 4 Hrs. of NV law and regulations; (2) Hrs of which must be on NRS 645F and NAC 645F

  • 2 Hrs. of electives3

5

  • 2 Hrs. of professional ethics including fraud, consumer protection, and fair lending issues;

  • 2 Hrs. of federal law and regulations related to mortgage lending; and

  • 1 Hr. of NV law and regulations relating to NRS 645F and NAC 645F

PE

Hours

CE

Hours