Get Your Mortgage Loan Originator License in 2024!
Louisiana Pre-Licensing Education
Starting at: $349 Now Only $239!
Use Promo Code: 20PEDEAL
If you’ve looked into a career as a mortgage loan officer, the first question you might ask is “how do I get a mortgage license in Louisiana?” this guide will tell you exactly how to do it. If you are wondering how to become a mortgage loan originator and get an NMLS license Louisiana is a great state to start.
A mortgage loan originator, or mortgage loan officer, helps prospective homebuyers obtain a residential mortgage loan. The mortgage business is a fast-paced industry with plenty of opportunities for an up-and-coming mortgage loan originator.
In order to become a licensed mortgage loan originator in Louisiana, you will have to complete the steps which are outlined below.
Obtaining a mortgage license and becoming a mortgage loan originator involves a simple process in which you will need to create an NMLS account, complete your state-specific education requirements, take and pass a National exam, complete a background check, submit your Louisiana state mortgage application, and finally connect your employer to your NMLS account. Once these six steps have been completed, you're well on your way to obtaining your mortgage loan originator license.
Additionally, you should consider the costs, education requirements, and other factors discussed in this guide that go into becoming a loan officer in the state of Louisiana.
How to Get an NMLS Mortgage License in Louisiana
|
Step 1 |
Step 2 |
Step 3 |
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Create an NMLS Online Account |
Complete Your Louisiana NMLS Pre-License Education |
Schedule Your MLO License Exam |
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You need an online account to connect with the national licensing system, get employer sponsorship, and complete your screening steps. Click on this NMLS link to sign up. |
Once you've created your NMLS account, it's time to complete your pre-license education. Louisiana requires 20 hours of SAFE pre-licensure education. |
If you’ve studied well, taken notes, thought about the materials, and aced our practice exam, you’ll be able to pass the national exam. Learn how to sign up online here. |
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Step 4 |
Step 5 |
Step 6 |
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Pay for Fingerprinting & Background Check |
Complete Your LA Mortgage License Application |
Connect Your Employer Sponsor to Your Online Account |
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In order to show that you are trustworthy to work in this important field. Go through the simple steps in our guide. |
After passing your exam and completing the screening process, fill out each portion of the Louisiana mortgage license application. |
Raise your license to “Active” status quickly by connecting your online NMLS account with your broker office. It’s a quick process, explained here. |
The Benefits of a Mortgage License in Louisiana
A mortgage license allows mortgage loan originators to help prospective homebuyers. That begins with completing a residential mortgage loan application, which cannot be completed without first being licensed.
What do you want out of a career? Are you looking for a change with an opportunity to help others? Do you crave a career that brings you respect and stature in your community? Do you want to serve your neighbors with a skill that is in high demand? Being a mortgage loan originator will bring you that and much more.
With a Louisiana MLO license, you will be able to help people find their dream homes. They’ll see you as one of the most trusted people in their lives. They’ll be forever grateful to you when you secure the funding they need.
Mortgage Educators can help you get the license you need to make your own dreams come true—for a lucrative and exciting career. A pre-license education bundle and practice exam will quickly take you closer to your goals.
In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement
for Mortgage Licensing Act (SAFE) which was a new federal law which created regulatory practices for loan officers. This federal law opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products. Every state has a unique set of Nationwide Multistate Licensing System (also known as the Nationwide Mortgage Licensing System or NMLS) requirements concerning mortgage education to obtain a mortgage loan originator license. New mortgage loan originators are required to complete a 20-hour NMLS course, which is standard across the country. Obtaining a Louisiana mortgage loan originator license requires 20 total hours of NMLS approved education education.
The Louisiana Office of Financial Institutions does not require any additional pre-license education
After completing your mortgage education courses, you are required to take and pass an NMLS mortgage licensing exam, the SAFE MLO Test. This ensures that you understand the laws and regulations that a mortgage company and mortgage loan officer are held to.
In addition to mortgage license education, Mortgage Educators also offers exam prep to help you prepare for the exam.
loan products.
Although it hasn't been enacted, be on the look out for the PE expiration policy coming soon. It states - If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework.
The same applies if you let your license lapse for 3+ years before you want to get back into the industry.
A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers who hold mortgage licenses. Mortgage brokers connect homebuyers with different financial institutions to obtain a mortgage loan.
In contrast, a mortgage loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.
A loan processor is an individual who assists the loan officer through the origination process by gathering documents, verifying income, reviewing the credit report, and preparing the loan for underwriting. While these are crucial steps to the mortgage lending process, they are not activities that require an individual to hold a mortgage license.
Additionally, a mortgage lender that works for a financial institution like a bank or a credit union is not required to obtain a residential mortgage lending license. Financial institutions are overseen by a separate entity from the NMLS.
Earning your mortgage broker license in Louisiana should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Louisiana:
On an annual basis, Louisiana MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:
Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row.
Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Louisiana mortgage license.
If you want to become a loan officer and pursue mortgage licenses in additional states, we can help you with those requirements as well. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.
Louisiana Frequently Asked Questions
Topic
Hours Required
Fair Lending, Ethics, Fraud, and Consumer Protection
3 Hours
Federal Laws and Regulations
3 Hours
Non-Standard Lending
2 Hours
Undefined Electives
12 Hours
Total 20 Hours
NMLS Fees
NMLS Initial Processing Fee
$30
Credit Report
$15
FBI Criminal Background Check
$36.25
Topic
Required Hours
Federal Regulations and Law
3 Hours
Ethics, including consumer protection, fair lending
2 Hours
Non-Traditional mortgage lending
2 Hours
Louisiana Specific Education
1 Hour
The deadline to complete CE in Louisiana is December 31st. MLO's in Louisiana are actually prevented from applying for license renewal until they have completed their CE.
Also, you'll have to pay a renewal fee of $50.
Get Your Mortgage Loan Originator License in 2024!
Illinois Pre-Licensing Education
Starting at: $349 Now Only $239!
Use Promo Code: 20PEDEAL
How to Get an NMLS Mortgage License in Illinois
1. Apply for Your NMLS Account and ID Number
To become a Mortgage Loan Originator (MLO) in Illinois, first go to the NMLS website to register for your “unique identifier.” You will get an NMLS (Nationwide Multistate Licensing System) account and will be assigned an ID number. You will use this number often through the licensing process.
2. Complete Your NMLS Pre-License Education
To obtain a new Illinois MLO license, you must successfully complete at least 20 hours of NMLS-approved coursework through an accredited organization like Mortgage Educators. Illinois does not require state-specific PE (Pre-License Education).
3. Pass the NMLS Mortgage Licensing Exam
Once PE is complete, the next step in getting a mortgage license in Illinois, to pass the National Test Component exam given through NMLS. You must receive a score of 75% or higher. Learn more about this step here.
4. Complete Background Checks and Pay All Fees
Now that you have passed the exam, you can start applying for your mortgage license in Illinois. To meet the background check requirements, you must be fingerprinted, submit to a background check, and pay for an individual credit report. For more information about background checks and fingerprinting requirements, click here.
5. Apply for Your Illinois Mortgage License
There are many steps in the process of getting your Illinois MLO license, so use this checklist to ensure you don’t miss or forget anything.
6. Associate Your NMLS Number with Your Employer
In order to generate mortgage loans in Illinois, you must have a documented and reported relationship with a licensed mortgage company. Use this link to establish that professional relationship with NMLS.
Revive and Renew with a Mortgage License in Illinois
Becoming an MLO in Illinois can change your life, personally and professionally. The flexibility of this career choice is one of its greatest benefits. If you are interested in making some extra money, but having softer goals, you can choose an employer who is satisfied with whatever number of mortgages you close.
On the other hand, you can make a substantial amount of money with hard work and determination. We are committed to providing the education, tips, and up-to-date information and requirements to help you make the most of your mortgage license in Illinois.
Illinois Frequently Asked Questions
In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) was enacted. This opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 12 Hours |
| Total 20 Hours | |
If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.
A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.
Earning your mortgage broker license in Illinois should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Illinois:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Illinois License/Registration Fee | $200 |
| Total License Cost | $281.25 |
On an annual basis, Illinois MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| Illinois Specific Education | 1 Hour |
Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row.
Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
The deadline to complete CE in Illinois is December 31st. MLO's in Illinois are actually prevented from applying for license renewal until they have completed their CE.
Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Illinois mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.
Get Your Mortgage Loan Originator License in 2024!
Georgia Pre-Licensing Education
Starting at: $349 Now Only $239!
Use Promo Code: 20PEDEAL
How to Get an NMLS Mortgage License in Georgia
|
Step 1 |
Step 2 |
Step 3 |
||||||||
Apply For Your NMLS Account and ID Number |
Complete Your NMLS Pre-License Education |
Need to Pass the SAFE MLO National Test |
||||||||
The first step to obtaining your Georgia mortgage license is applying for an NMLS account and ID number. To do so, go to the NMLS website. |
Your mortgage license in Georgia requires 20 hours of instruction, which must be pre-approved by the NMLS. This includes 3 hours of Federal law, 3 hours of ethics, 2 hours of non-traditional mortgage lending, and 12 hours of undefined education (electives). |
With your education complete, you need to schedule an appointment for the National Test Component exam. Find out more on how to take your NMLS test here. Also check out the NMLS MLO testing handbook. |
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Step 4 |
Step 5 |
Step 6 |
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Complete Background Checks and Pay All Fees |
Apply for Your Georgia Mortgage License |
Associate Your NMLS Account with Your Employer |
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To finalize your application and receive your license, you will need to pay several non-refundable fees and get a background check. Find out more about how to complete your background check here. |
After receiving a passing score on your NMLS mortgage exam, you need to apply for your Georgia mortgage loan originator license. You can find more information on this step here. |
Your license will still be pending in Georgia until you have an employer sponsorship, which lets the government know that an employer is supervising your individual license. Learn how to associate your NMLS account with your employer here. |
The Georgia MLO License: Gateway to an Exciting Career
Are you a social person? Are you focused on useful services? If so, imagine how exciting it would be to meet a wide variety of successful, motivated clients every day who are buying property. Imagine using your natural personality to guide and educate them in this crucial aspect of their finances. And imagine being a lifelong learner.
If you’re interested in a mortgage license in Georgia, you need to obtain one efficiently. Mortgage Educators has perfected our simple process to do that. Use our education bundle to take your 20 hours of general mortgage education, including 3 hours of Georgia electives, in a structured setting. Then, take a practice exam to be completely ready. Let us help you get started serving your community as soon as you can.
Georgia Frequently Asked Questions
In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) was enacted. This opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 12 Hours |
| Total 20 Hours | |
If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.
A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.
Earning your mortgage broker license in Georgia should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Georgia:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Georgia License Fee | $100 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Total License Cost | $181.25 |
On an annual basis, Georgia MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| Georgia Specific Education | 1 Hour |
Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row.
Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
The deadline to complete CE in Georgia is October 31st. MLO's in Georgia are actually prevented from applying for license renewal until they have completed their CE. You'll also
need to pay the $100 renewal fee.
Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Georgia mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.
Begin Your Georgia MLO License Education Today
Are you ready to start an exciting and lucrative career as a mortgage officer in Georgia? Get your education bundle from Mortgage Educators here (or work on your CE requirements), and start your education today.
Get Your Mortgage Loan Originator License in 2024!
Iowa Pre-Licensing Education
Starting at: $349 Now Only $239!
Use Promo Code: 20PEDEAL
How to Get an NMLS Mortgage License in Iowa
|
Step 1 |
Step 2 |
Step 3 |
||||||||
Apply to Get an NMLS Account and ID Number |
Take Required NMLS Pre-License Classes |
Take Your Exam |
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You’re going to need your own account on the NMLS online system, along with a unique ID. Get these on the NMLS website. |
In the state of Iowa, you need 20 hours of approved instruction before you can apply for your Iowa mortgage license. |
To find out how to schedule your NMLS license exam, get the details here. |
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Step 4 |
Step 5 |
Step 6 |
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Pay for Your Background Check |
Complete an Iowa Mortgage License Application |
Add Your Employer to Your NMLS Account |
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When you pass your exam, you’ll also need to get your fingerprints taken for a criminal background check. Learn how here. Get your credit report ready, too.. |
There are several steps to actually applying for your license. Complete them all on your application here. |
Each MLO license in Iowa must be connected with an employer to be taken out of “pending” status. Get the needed steps here. |
The Advantages of an Iowa Mortgage License
Being a mortgage loan officer is a satisfying and lucrative career. Are you a people person? You’ll enjoy connecting with people who are excited to work with you. You’ll help them when they’re either walking on air from getting a new home or frustrated with the process. You can make it even better for them.
This career is only possible with an MLO Iowa license. Is it hard to find 20 hours to take classes, plus additional time to take an exam and fill out paperwork? Don’t worry, because our education bundles will help you use your time efficiently. Take our practice test to ensure you pass. With Mortgage Educators, you’ll be ready.
Iowa Frequently Asked Questions
In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) was enacted. This opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 12 Hours |
| Total 20 Hours | |
If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.
A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.
Earning your mortgage broker license in Iowa should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Iowa:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Iowa License Fee | $50 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
| Total License Cost | $131.25 |
On an annual basis, Iowa MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| Undefined Elective | 1 Hour |
Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row.
Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
The deadline to complete CE in Iowa is December 1st. MLO's in Iowa are actually prevented from applying for license renewal until they have completed their CE. You'll also have to
pay a $50 renewal fee. If you miss the deadline, and need to reinstate your license, rather than renew, the deadline is February 28th, ad the fee is $150. There's also a $30 processing fee.
Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Iowa mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.
Get Your Mortgage Loan Originator License in 2024!
Kansas Pre-Licensing Education
Starting at: $349 Now Only $239!
Use Promo Code: 20PEDEAL
How to Get an NMLS Mortgage License in Kansas
|
Step 1 |
Step 2 |
Step 3 |
||||||||
Create an NMLS Account and ID Number Online |
Take Your Pre-License Courses |
Schedule and Pass the NMLS National Exam |
||||||||
Start the process by setting up your own online NMLS account so that you can be issued an ID number. This will be the account you use for the remaining steps. |
Learn everything you can from your 20 hours of Kansas mortgage license classes. This consists of taking a total of 20 hours of NMLS-approved education on mortgage loan origination topics. |
Quickly sign up to take the National Test Component exam for your Kansas MLO license and schedule an exam time. |
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Step 4 |
Step 5 |
Step 6 |
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Initiate Criminal Background and Credit Checks |
Turn in Your Kansas Mortgage License Form |
Add Your Sponsoring Employer to Your NMLS Account |
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Once you pass your exam, you need to also pass a background check and a credit check. |
Download the application, and go through one section at a time, making sure all requirements are complete before submitting your form. |
Find the portion of your NMLS online account where you add your employer information. Use these steps. Your license will not be active until you complete this. |
Start a Satisfying Career With a Kansas Mortgage License
Becoming an MLO in Kansas is quite a process, but it will end with you in a rare career position. You’ll be able to earn as much as you want by working hard. You’ll be more respected in your community. And you’ll see how your work directly improves lives.
Are you willing to get your classes done and check off all the steps above? It will take that type of discipline to be a good mortgage officer, anyway, so get started today. A package deal of classes and practice tests from Mortgage Educators can get you on the path. But only your drive and fire will get you to the end goal.
Kansas Frequently Asked Questions
In an effort to curb the predatory lending practices that led to the demise of the housing and residential mortgage industry in 2008, the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) was enacted. This opened up a world of opportunity to those driven to attain an MLO license and then work hard to match people with loan products.
| Topic | Hours Required |
|---|---|
| Fair Lending, Ethics, Fraud, and Consumer Protection | 3 Hours |
| Federal Laws and Regulations | 3 Hours |
| Non-Standard Lending | 2 Hours |
| Undefined Electives | 12 Hours |
| Total 20 Hours | |
If you complete the required 20 hours of education but do not obtain your license for a 3-year period, you'll need to repeat the coursework. The same applies if you let your license lapse for 3+ years before you want to get back into the industry.
A “mortgage broker” refers to an individual or an organization that connects consumers with mortgage loans from a variety of companies. Mortgage brokers frequently employ loan officers. In contrast, a loan officer is an employee who regularly works with borrowers and provides loans that are originated by their employer. Brokers and loan officers need different types of licenses.
Earning your mortgage broker license in Kansas should be considered an investment well worth your time. Here’s what to expect when it comes to licensing fees in Kansas:
| NMLS Fees | |
|---|---|
| NMLS Initial Processing Fee | $30 |
| Credit Report | $15 |
| FBI Criminal Background Check | $36.25 |
On an annual basis, Kansas MLO license holders must complete 8 total hours of Comprehensive Continuing Education that must cover:
| Topic | Required Hours |
|---|---|
| Federal Regulations and Law | 3 Hours |
| Ethics, including consumer protection, fair lending | 2 Hours |
| Non-Traditional mortgage lending | 2 Hours |
| Undefined Elective | 1 Hour |
Remember to take into account the “successive years” rule, which prohibits loan officers from taking the same CE course two years in a row.
Mortgage Educators changes its continuing education course annually to ensure there are no issues with the successive years rule.
The deadline to complete CE in Kansas is December 1st. MLO's in Kansas are actually prevented from applying for license renewal until they have completed their CE.
Also, you'll have to pay a renewal fee of $50.
Mortgage Educators and Compliance is here to answer any additional questions you may have regarding your Kansas mortgage license. For additional questions, feel free to call us at 801-676-2520 or email us at 20hour@mortgageeducators.com.
