Mortgage Broker and Loan Officer Training in New York (NY) State Education Requirements
New York (NY)- Loan Officer Training & Mortgage Broker TrainingLive Classes available in this area:
Rochester, NY
Pre-Licensure Education:
All new applicants on or after 7/31/2009 must have completed 20 hours of NMLS
approved pre-licensure education, including 3 hours of NY specific, by
5/31/2010.
Existing licensees approved as of 7/11/2009 must have completed 20 hours
of NMLS approved pre-licensure education by 8/31/2010.
Anyone who filed an application prior to 7/11/2009 that has not been approved,
withdrawn or denied must have completed 20 hours of NMLS approved pre-licensure
education by 5/31/2010.
NY intends to participate in the pre-licensure education certification
process. State approved courses taken after 11/30/2009 will not be accepted
for certification as part of the pre-licensure education process.
Continuing Education:
All licensees must take 11 hours of NMLS approved continuing education, including
2 hours of NY specific in 2011 in order to renew for 2012.
All applicants who filed an application after 7/11/2009 must pass the National
and State Components of the SAFE MLO Test by 5/31/2010.
Existing licensees approved as of 7/11/2009 must pass the National and
State Components of the SAFE MLO Test by 8/31/2010.
Anyone who filed an application prior to 7/11/2009 that has been approved,
withdrawn or denied must pass the National and State Components of the
SAFE MLO Test by 5/31/2010.
Criminal Background Check:
All applicants who filed an application after 7/11/2009 must submit fingerprints
through NMLS for a criminal background check by 5/31/2010.
Existing licensees must submit fingerprints through NMLS for a criminal
background check by 8/31/2010.
Credit Report:
All licensees must authorize a credit report through NMLS by 8/31/2010.
Regulatory Agency:
New York Banking Department
Legal Financial Services Division
2 Rector Street, 21st Floor
New York, NY 10006
Ph: 877.226.5697
Fax: 212.618.6426
http://www.banking.state.ny.us/.
For more information about this state's licensing requirements CLICK HERE.
Please Note: The contents contained on this web page are for informational purposes only.
State requirements often change. Please visit your state web site for the most up-to-date information.
This information should not be interpreted as legal advice.
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