How to get Arkansas Mortgage Loan Originator Prelicensing Education PE and AR Continuing Education CE Requirements Met
1. Get your NMLS Number
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!
2. Get and complete your AR 20 Hour Prelicense Education PE Course Bundle including the best MLO test prep program available.
3. Pass the NMLS Nation Component Exam with Uniform State Test using our included test preparation program and add other states by getting and completing state PE courses
4. Apply for your Arkansas MLO License through the NMLS, the licensing system will prompt you at this point for your next steps after opening your AR Mortgage Loan Originator application.
Questions about qualifications on any part of the process? Use the chat feature on the bottom right of this webpage or click here and get answers fast!
Arkansas NMLS MLO Information AR State Specific NMLS Information
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.
Arkansas MLO Prelicensing Requirements
Arkansas requires the initial 20 hours of SAFE education and does NOT require Arkansas state specific NMLS education. If you haven't completed your initial 20 hours of SAFE education, click here to view our Arkansas 20 Hour SAFE options. Although Arkansas doesn't have specific state PE requirements, you are required to pass both the National MLO SAFE Exam with the Uniform State Test or have previously taken the Arkansas state spcific NMLS exam prior to 2013 before your Arkansas MLO license can be issued.
AR MLO Continuing Education Requirements
If you are already a licensed MLO in the state of Arkansas 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 NMLS approved continuing education every year following the completion of your PE requirements. Our 8 Hour SAFE course satisfies these requirements. Click here if you need to complete your continuing education and select the 8 hour course that meets your needs. 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!
If you need help studying for the Arkansas SAFE MLO Exam check out our study guides and practice exams offered here.
Arkansas Mortgage Regulator Contact Information
Arkansas Mortgage Licensing Agency
Arkansas Attorney General
Address: Office of the Attorney General 323 Center Street, Suite 200 Little Rock, Arkansas 72201
Phone: (501) 682 2007
Website: http://www.ag.arkansas.gov/
Agency Contact Information
Contact Arkansas Security Department licensing staff by phone at (501) 324-9260 or send your questions via
email to jay.drake@arkansas.gov for additional assistance.
What are the requirements for a AR MLO License? Arkansas MLO NMLS Checklist
Arkansas NMLS MLO Checklist https://nationwidelicensingsystem.org/slr/PublishedStateDocuments/AR-LO-New-Application-Checklist.pdf
Arkansas NMLS Mortgage Banker Checklist https://nationwidelicensingsystem.org/slr/PublishedStateDocuments/AR-Banker-New-Application-Checklist.pdf
Arkansas NMLS Mortgage Broker Checklist https://nationwidelicensingsystem.org/slr/PublishedStateDocuments/AR-Broker-New-Application-Checklist.pdf
Arkansas NMLS Mortgage Servicer Checklist https://nationwidelicensingsystem.org/slr/PublishedStateDocuments/AR-Mortgage-Servicer-New-Application-Checklist.pdf
Who has to get a Arkansas Mortgage Loan Originator License?
Who Is Required To Have an AR MLO License?
This license is required for any individual who in exchange for compensation as an employee of or who otherwise receives compensation or remuneration from a mortgage broker or mortgage banker and who solicits or offers to solicit an application for mortgage loan; accepts or offers to accept application for a mortgage loan; or negotiates or offers to negotiate the terms or conditions of a mortgage loan; issues or offers to issue mortgage loan commitments or interest rate guarantee agreements to borrowers; or provides or offer to provide modification of a mortgage loan. AR does not issue paper licenses for this license type.
How much does an AR MLO license cost?
Arkansas MLO License Fees total $131.25 if you are not able to reuse a recently completed credit check and background check from another state license application.
NMLS Initial Processing Fee: $30
AR Application Fee: $50
Credit Report: $15
FBI Criminal Background Check: $36.25