The Safe Act and Important Deadlines Approaching
Posted by Deanne Gillock in Education Requirements, Mortgage Licensing, NMLS, NMLSR, SAFE Act, UncategorizedIt’s 2010 and meeting the NMLS education requirements and passing the SAFE exam appears to be in full swing. Lots of phone calls and lots of questions. End of year was busy for ProSchools getting loan originators banked with the NMLS, but it went amazingly smooth.
According to the NMLS, there are several states with immediate deadlines approaching. Here is a quick look at those states:
- West Virginia – new licensees approved after 7/1/09 must complete testing and education requirements by 1/31/10.
- Montana – new licensees approved after 7/1/09 must complete testing and education requirements by 3/1/10.
- Georgia – all licensees must complete testing and education requirements by 3/31/10.
- Connecticut – licensees who were licensed on or after 7/9/09 must complete the National Component of the test and complete education requirements by 4/1/10.
- Texas SML – all licensees approved after 8/1/09 must complete testing and education requirements by 4/2/10.
- New Jersey – MLO’s with specific license types must complete their testing and education requirements by 4/30/10.
- Pennsylvania – all licenses must complete their testing requirements by 4/30/10.
ProSchools has a National SAFE Comprehensive Course that is available now and will satisfy the 20 hours of NMLS-approved education. If a state requires state-specific content, like New Jersey requires 4 hours of NJ Law, we offer a 20 hour NJ SAFE Comprehensive course that includes the NJ Law.
For those that take our National course, since it contains no state content, ProSchools includes an exam prep to help prepare for the State Component of the SAFE Test. Stay tuned to our website as we get more courses approved.
Tags: mortgage loan originators, NMLS, NMLS approved provider, NMLS education, SAFE Act, SAFE Comprehensive course, SAFE exam, SAFE Test, state component












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