STATE LINKS
North Carolina Office of Commissioner of Banks

316 W. Edenton Street
Raleigh, NC 27603
(919) 733-3016

   
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 3/31/2010.
  • Credit Report - All licensees must authorize a credit report through NMLS by 5/31/2010.

 



Education Requirements
Type Hours Required Courses Frequency
SAFE Act Pre-License 24 SAFE CORE 8 hours
Notes: All new applicants on or after 12/31/2009 must have completed 24 hours of NMLS approved prelicensure education, including 4 hours of NC specific. Existing licensees must have completed 20 hours of NC approved pre-licensure education by 12/31/2009. 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, including 1 hour of NC 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 NC state approved education on or before 12/31/2009 are eligible to participate in the PE certification process and will not need to take the 20 hour NMLS approved pre-licensure education. Refer to your state agency for more information.
Certification (Test)
Notes: Currently licensed MLOs who have passed the NC mortgage test no later than 7/31/2009 are eligible to participate in the testing certification process and will not need to take the NC Component of the SAFE MLO Test. Refer to your state agency for more information.
 
 


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