STATE LINKS
Massachusetts Division of Banks

One South Station
Boston, MA 02110
(617) 956-1500

   
Mortgage Loan Originator
           
 
Courses
No Education Required Outside of SAFE Act Requirements
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 as of 10/31/2009 must pass the National and State Components of the SAFE MLO Test by 10/31/2010. All new applicants on or after 11/1/2009 must pass the National and State Components of the SAFE MLO Test prior to submitting their application - BUY NATIONAL EXAM TEST PREP HERE
    • Criminal Background Check - All licensees must submit fingerprints through NMLS for a criminal background check by 10/31/2010.
    • Credit Report - All licensees must authorize a credit report through NMLS by 10/31/2010.


Education Requirements
Type Hours Required Courses Frequency
SAFE Act Pre-License 20 SAFE CORE 8 hours
Notes: All new applicants on or after 11/1/2009 must have completed 20 hours of NMLS approved prelicensure education, including 3 hours of MA specific. Existing licensees as of 10/31/2009 must complete 20 hours of pre-licensure education by 10/31/2010, unless the licensee has complete 20 hours of state approved education prior to 10/31/2009. State approved courses will no longer be accepted after 10/31/2009.
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, including 1 hours of MA specific, 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 MA state approved education on or before 10/31/2009 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.
 
 


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