STATE LINKS
Illinois Department of Financial and Professional Regulation

Division of Banking
500 E. Monroe
Springfield, IL 62701
Phone: (312)793-2284

   
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 - Existing licensees on or after 7/31/2009 must pass the National and State Component of the SAFE MLO Test by 4/30/2010.All applicants licensed before 7/31/2009 must pass the National and State Components of the SAFE MLO Test by 12/31/2010. - BUY NATIONAL EXAM TEST PREP HERE
  • Criminal Background Check - All applicants license on or before 7/31/2009 must submit fingerprints through NMLS for a criminal background check by 4/30/2010.All applicants license before 7/31/2010 must submit fingerprints through NMLS for a criminal background
    check by 12/31/2010.
  • Credit Report - All applicants licensed on or before 7/31/2009 must authorize a credit report through NMLS by 4/30/2010.All applicants licensed before 7/31/2009 must authorize a credit  report through NMLS by 12/31/2010.

 



Education Requirements
Type Hours Required Courses Frequency
SAFE Act Pre-License 20 SAFE CORE 8 hours
Notes: All new applicants on or after 7/31/2009 must have completed 20 hours of NMLS approved prelicensure education by 6/30/2010. Existing licensees as of 7/30/2009 must have completed 20 hours of state approved pre-licensure education by 12/31/2009. Existing licensees as of 7/30/2009 who did not complete and certify 20 hours of state approved pre-licensure education by 12/31/2009 must have completed 20 hours of NMLS approved pre-licensure education by 12/31/2010. State approved courses will no 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.
 
 


Home  |  My Courses  |   FAQ  |  About Us   |  Terms and Conditions
Please review our Privacy Policy & Terms of Use
Copyright 2010 Mortgage-Education.com. All rights reserved. Designed and Powered by Nobleware, Inc