STATE LINKS
Iowa Division of Banking

200 East Grand Avenue, Suite 300
Des Moines, IA 50309
(515) 281-4014
fblicensing@idob.state.ia.us

   
Mortgage Loan Originator
           
 
Courses
Continuing Education
$99

Other Courses
National Exam Test Preparation


SAFE ACT Requirements
  • See education requirements below - BUY SAFE ACT HOURS HERE
  • SAFE MLO Test - All licensees must pass the National and State Components of the SAFE MLO Test by 12/01/2010  - BUY NATIONAL EXAM TEST PREP HERE
  • Criminal Background Check - All licensees must submit fingerprints through NMLS for a criminal background check by 12/01/2010.
  • Credit Report - All licensees will be required to authorize a credit report through NMLS between October 2010 and March 1, 2011.



Education Requirements
Type Hours Required Courses Frequency
SAFE Act Pre-License 20 SAFE CORE 8 hours
Notes: All new applicants on or after 1/1/2010 must have completed hours of NMLS approved prelicensure education by 12/01/2010. Existing licensees must complete 20 hours of NMLS approved prelicensure education by 12/01/2010, unless the licensees has completed 20 hours of state approved education by 12/31/2009. State approved courses will longer be accepted after 12/31/2009.
SAFE Act Continuing Education 8 SAFE CORE 7 Hours Yearly by 12/31
Notes: All licensees must take 8 hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.
Certification (Education)
Notes: Currently licensed MLOs who have completed at least 20 hours of IA state approved education on or before 12/31/2009 may be eligible to participate in the PE certification process and may not need to take the NMLS approved pre-licensure education. Refer to your state agency for more information.
Certification (Test)
Notes: Currently licensed MLOs who have passed the IA mortgage test no later than 7/30/2009 may be eligible to participate in the testing certification process and may not need to take the IA Component of the SAFE MLO Test. Refer to your state agency for more information.
 
 


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