Uniform State Content

Question 1

each year following the year of original license issuance, a licensed mortgage loan originator shall complete at least eight (8) hours of education approved by the NMLS
which shall include at least—

Answer 1

• Three (3) hours of Federal law and regulations;
• Two (2) hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues; and
• Two (2) hours of training related to lending standards for the nontraditional mortgage product marketplace.
• One (1) Hour of elective training on state law if mandated by the state or on mortgage elective topics as approved by the NMLS

Question 2

In general, the term immediate family member does not include

• grandparents
• adoptive relationships
• stepchildren
• aunts, uncles and cousins

Answer 2

aunts, uncles and cousins

Question 3

Each year following the year of original license issuance, a licensed mortgage loan originator shall complete at least eight (8) hours of education approved by the NMLS

How many Hours of Federal Law?

Answer 3

Three (3) hours of Federal Law

Question 4

Each year following the year of original license issuance, a licensed mortgage loan originator shall complete at least eight (8) hours of education approved by the NMLS

How many Hours of Ethics?

Answer 4

Two (2) Hours of Ethics

Question 5

Each year following the year of original license issuance, a licensed mortgage loan originator shall complete at least eight (8) hours of education approved by the NMLS

How many Hours of Non-traditional?

Answer 5

Two (2) Hours of Non-Traditional

Question 6

Each year following the year of original license issuance, a licensed mortgage loan originator shall complete at least eight (8) hours of education approved by the NMLS

How many Hours of Electives?

Answer 6

One (1) Hour of electives