How to get North Carolina Mortgage Loan Originator Prelicensing Education PE and NC 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 NC 24 Hour Prelicense Education PE Course Bundle
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 North Carolina MLO License
Questions about qualifications or any part of the process? Use the chat feature on the bottom right or click here and get answers fast!
North Carolina Mortgage Loan Originator Prelicensing Education Requirements
New applicants as a NC MLO licensee are required to complete 24 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, 12 hours of undefined education (referred to as electives) + 4 hours of NC law. Number of hours is 3/3/2/12/+ 4hrs of NC law = 24 North Carolina has a requirement for 4 hours of instruction on state-specific lawwhich may be satisfied by either taking a NC comprehensive course or a state-specific elective course. Note: PE must be completed within 3 years of a new or subsequent license application. Start by getting your 24 hour course and passing the national component exam, THEN do state specific training after passing the exam, click here to start!
North Carolina 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 1 hour of NC specific education. Number of hours is 3/2/2/ + 1hr of NC law =8 Get Hour 8 Hour SAFE Comprehensive CE Course Click Here Now
| Am I required to take Continuing Education this year? | |||
| If I completed SAFE Act PE in 2009-2021 or prior to this year | and I was licensed in 2009-2021 or prior to this year | am I required to complete CE in this year? | YES |
| If I completed my initial or first SAFE Act 20 hour PE this calendar year | and I was approved for an initial license this calendar year | am I required to complete CE this year? | No |
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.
Deadline
The deadline to complete CE is December 31, 2022. However, MLOs in New York 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.