Mortgage Loan Originator Licensing: MLO Education Course Providers

Pre-Licensing Education and Test Requirements

Pursuant to Section 599-f of the New York Banking Law, individuals applying for mortgage loan originator licensing must complete at least twenty (20) hours of education approved by the NMLS. 

Course Requirement

Pre- Licensure education must include at least the following minimum requirements:

1. Three hours of federal law and regulations;
2. Three hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues;
3. Two hours of training related to lending standards for the nontraditional mortgage product marketplace; and
4. Three hours of training on applicable New York State law and regulations as may be approved by the superintendent.

Provider Approval

Education Providers seeking approval as a provider or for education courses must contact the NMLS at mortgage.nationwidelicensingsystem.org/Pages/default.aspx by selecting the Course Providers link.

For additional information on testing and education please review the frequently asked questions.