STATE LINKS
Michigan Office of Financial and Insurance Regulation

P.O. Box 30220
Lansing, MI 48909
(517) 373-0220

   
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 7/31/2010 - BUY NATIONAL EXAM TEST PREP HERE
    • Criminal Background Check - All licensees must submit fingerprints through NMLS for a criminal background check by 7/31/2010.
    • Credit Report - All licensees must authorize a credit report through NMLS by 7/31/2010.


Education Requirements
Type Hours Required Courses Frequency
SAFE Act Pre-License 20 SAFE CORE 8 hours
Notes: All new applicants on or after 7/31/2010 must have completed 20 hours of NMLS approved prelicensure education. Existing licensees must complete 20 hours of NMLS approved prelicensure education by 7/31/2010. State approved courses will no longer be accepted after 7/30/2010.
SAFE Act Continuing Education 8 SAFE CORE 7 Hours Yearly by 12/31
Notes: All Licensees must take hours of NMLS approved continuing education in 2010 in order to renew for 2011, unless PE was completed in 2010.
Certification (Education)
Notes: The state of Michigan will certify pre-education for persons who are currently registered as loan officers and who have completed at least 20 hours of Michigan approved education on or before 7/30/2010. Persons whose pre-education that has been certified need not take the NMLS approved pre-licensure education. Refer to your state agency for more information.
Certification (Test)
Notes: Persons currently registered as loan officers who have passed the MI mortgage test are eligible to participate in the testing certification process and will not need to take the Michigan Component of the SAFE MLO Test. The state of Michigan will certify the Michigan component. Refer to your state agency for more information.
 
 


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