New Mexico


New Mexico Loan Officer Prelicensing Education Requirements

New applicants as a Mortgage Loan Originator are required to complete 20 hours of NMLS-approved education. This education must include 3 hours of Federal law, 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, 8 hours of undefined education (referred to as electives) + 3 hours of NM law.  Number of hours is 3/3/2/8/+ 3hrs of NM law = 20

New Mexico has a requirement for 3 hours of instruction on state-specific law which may be satisfied by either taking a NM state-specific elective course.

Start by getting your 20 hour course and passing the national component exam, THEN do state specific training after passing the exam, click here to start!

New Mexico MLO Continuing Education Requirements

Every applicant for a Mortgage Loan Originator license renewal (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 1 hour of NM specific education. Number of hours is 3/2/2/+ 1hr of NM law = 8

Click here to get your 8 hour SAFE Comprehensive CE Course

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 New Mexico 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.

Complete the form to get your NMLS education coupon code, group pricing or customized education plan

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