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Mortgage Loan Originator Licensing: MLO Education Course Providers

PRE-LICENSURE EDUCATION AND TESTING 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.

Department of Financial Services

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