Ohio Mortgage Loan Originator Pre-Licensing 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 lawwhich may be satisfied by either taking an OH comprehensive course or a state-specific elective course.Click here to get 24 Hour Prelicensing Course Bundle to pass National Component Exam with the UST, then take the included Ohio 4 Hour State Law Course Note: Only applicants under OMBA must take the additional 4hrs of education.  OMLA applicants only require 20 hours.

Prelicensing Education must be taken in the most recent 5 years per Ohio Code 1322.20 (B)

1. B)(1) The application shall provide evidence, acceptable to the superintendent, that the applicant has successfully completed at least twenty-four hours of pre-licensing instruction consisting of all of the following:

   (a) Twenty hours of instruction in an approved education course;

   (b) Four hours of instruction in a course or program of study reviewed and approved by the superintendent concerning Ohio lending laws and the Ohio consumer sales practices act, Chapter 1345. of the Revised Code, as it applies to registrants and licensees.

   (2) If an applicant held a valid mortgage loan originator license issued by this state at any time during the immediately preceding five-year period, the applicant shall not be required to complete any additional pre-licensing instruction. For this purpose, any time during which the individual is a registered mortgage loan originator shall not be taken into account.

   (3) A person having successfully completed the pre-licensing education requirement reviewed and approved by the nationwide mortgage licensing system and registry for any state within the previous five years shall be granted credit toward completion of the pre-licensing education requirement of this state.

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.

Deadline

The deadline to complete CE is December 31, 2021.  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