Nationwide Mortgage Licensing System (NMLS) your course completion record is posted on the NMLS, you pay for the exam and schedule the exam through the NMLS, and after successfully passing your NMLS exam on your first attempt using our extremely comprehensive and effective test preparation program you apply for all licenses and renewals on the NMLS.
Do you have your NMLS number yet?
If you have not done so already, it takes 1 -2 minutes to get your NMLS number. https://www.statemortgageregistry.com/Public/Login.aspx Click "Request an account" Click "Individual" We try to make all of these things easier, what questions may we answer? Use the chat feature on the bottom right corner of every web page to get answers now!
Alabama MLO Pre-licensing Requirements
Alabama does not have any state specific PE requirements in addition to the initial 20 hours of SAFE education. If you haven't completed your initial 20 hours of SAFE education, click here to view our 20 Hour SAFE options. New state-licensed MLOs 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, plus 12 hours of undefined education (referred to as electives). Number of hours is 3/3/2/12 = 20 Alabama does not have a requirement for instruction on state-specific law. This state is a UST state and has adopted the Uniform State Test added to the National test. If you want to be licensed in this state and have not taken the newest National test with UST included. Click here for information on AAA Mortgage Training SAFE NMLS Test Preparation Program covering the MLO SAFE Exam with Uniform State Test Content..
Continuing Education Requirements
If you are already a licensed MLO in the state of Alabama you don't need to take PE (unless you have been instructed by the NMLS to do so). You do need to complete at least 8 Hours of Alabama NMLS approved continuing education every year following the completion of your PE requirements. Our 8 Hour Alabama MLO SAFE course satisfies these requirements. Remember, you can't repeat the same course two years in a row! If you can't recall which course you took last year, give us a call, or shoot us an email.
Alabama State Banking Department
Regulator: Alabama State Banking Department
Address: P.O. Box 4600 Montgomery AL 36103
Phone: (334) 242-3452 Fax: (334) 353-5961
Website: www.bank.state.al.us/
Contact the State Banking Department mortgage licensing staff for MLO applications by phone at 334- 242-3452 or send your questions via e-mail to diana.anderson@banking.alabama.gov for additional assistance.
State Banking Department mortgage licensing staff for company applications by phone at 334- 242-3452 or send your questions via e-mail to hillary.nixon@banking.alabama.gov for additional assistance.
For U.S. Postal Service: State Banking Department of Alabama Bureau of Loans P. O. Box 4600 Montgomery, AL 36103-4600
For Overnight Delivery: State Banking Department of Alabama Bureau of Loans 401 Adams Avenue, Suite 680 Montgomery, AL 36104
Alabama Licensing Fees are provided for the specific license type below for Mortgage Lender, Mortgage Broker and Mortgage Loan Originator licensing fees
Alabama NMLS MLO Checklist https://nationwidelicensingsystem.org/slr/PublishedStateDocuments/AL-MLO-New-Application-Checklist.pdf
Alabama NMLS Mortgage Banker License Checklist (Alabama Consumer credit license) https://nationwidelicensingsystem.org/slr/PublishedStateDocuments/AL-Consumer-Credit-New-App-Checklist.pdf
Alabama NMLS Mortgage Broker Checklist https://nationwidelicensingsystem.org/slr/PublishedStateDocuments/AL-Mtg-Broker-New-App-Checklist.pdf