Tennessee Mortgage Loan Originator SAFE Pre-Licensure Education Requirements
New state-licensed mortgage loan originators must complete 20 hours of NMLS approved education. This education must include 3 hours of Federal law, 3 hours of ethics and 2 hours of non-traditional mortgage lending, plus 12 hours of undefined education (referred to as electives) + 2 hours state specific law. Number of hours is 3/3/2/10/+ 2hrs of TN law = 20
TN has a requirement for 2 hours of instruction on state-specific law which may be satisfied by either taking a TN comprehensive course or a state-specific elective course.
TN 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 one additional hour of undefined education (referred to as an 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 2009-2020||and I was licensed in 2009-2020||am I required to complete CE in 2021||YES|
|If I completed SAFE Act PE in 2021||and I was approved for an initial license in 2021||am I required to complete CE in 2021||No|
The deadline to complete CE is December 31, 2021. However, MLOs in Tennessee 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.
2021 NMLS National Exam with UST Test Preparation Package
Mortgage Loan Originator (MLO) SAFE National Component Test Preparation
This comprehensive suite of services, provides motivated individuals the essential tools to pass the NMLS National Component Exam.
This is a non-NMLS…
$199.99Add to cart
Tennessee 20 Hour Comprehensive Course Bundle with Test Prep and Approved TN 2 Hour Courses Included
20 Hour TN SAFE Tennessee Online State Law PE Comprehensive Course Bundle with Test Prep Included
SAFE 20 Online Instructor Led (OIL) course #6125 plus Tennessee 2 Hour Prelicensure course…
$359.99Add to cart