Ohio


Ohio Mortgage Loan Originator Pre-Licensure Education Requirements

New state-licensed MLOs are required to complete 24* hours of NMLS approved education. The education must contain 3 hours federal law, 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, 12 hours of undefined education (referred to as electives) + 4 hours of OH OMBA law.  Number of hours is 3/3/2/12/+ 4hrs of OH law = 24

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

Click here to get 20 Hour Prelicensing Course to pass National Component Exam with the UST, then take the Ohio 4 Hour State Law Course

Note: Only applicants under OMBA must take the additional 4hrs of education.  OMLA applicants only require 20 hours.

Ohio Mortgage Loan Originator Continuing Education Requirements

Get 8 Hour SAFE Comprehensive Course Now!

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 1 hour of elective. Number of hours is 3/2/2/1 = 8

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 Ohio 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.

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