ProSchools just received NMLS-approval to offer District of Columbia loan originators the 20-hour SAFE course. 

The 20-hour DC SAFE Comprehensive course satisfies the education required by the District of Columbia’s DISB. We’ve included the required 3 hours of DC Law in the course. Mortgage license applicants must also pass the SAFE Mortgage Loan Originator Test – both the state and national components. For those licensed in multiple states (and have already completed 20 hours & passed the National Test), they would only need to take the 3 hours of DC Law and pass the state component of the SAFE Test.

Transition Plan:  Looks like all DC loan originators need to complete the pre-license education and pass the exams by July 31, 2010.  They also need to furnish fingerprints less than ninety days old to the NMLS for completion of a national criminal history background check. The NMLS recommends starting this process early.  We keep reminding people that there’s a 30-day waiting period to re-take the test if failed. 

One last thing, District of Columbia’s DISB requires anyone applying for a mortgage loan originator license fill out a form called “Clean Hands Before Receiving a License or Permit Act of 1996 Certification Form”.  Whew! I printed out the form and it looks like you are certifying that you do NOT owe more than $100 to the District of Columbia Government as a result of various types of infractions, including littering, illegal dumping, civil infractions, past due taxes, water bills, No-Fault auto insurance, traffic tickets, auto dealer fines, or parking fines. 

Keep checking back for the latest course approvals.  Ohio is submitted and we’re waiting for approval.

This entry was posted on Thursday, January 14th, 2010 at 5:17 pm and is filed under Education Requirements, Mortgage Licensing, NMLS, NMLSR, SAFE Act, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.