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 20 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, or 2015 | and I was licensed in 2009, 2010, 2011, 2012, 2013, 2014, 2015, or 2016 | am I required to complete CE in 2016 | YES |
| If I completed SAFE Act PE in 2016 | and I was approved for an initial license in 2016 | am I required to complete CE in 2016 | No |
Deadline
The deadline to complete CE is December 31, 2016. 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!
