STATE LINKS
New York State Banking Department

New York State Banking Department
One State Street
New York, NY 10004

   
Mortgage Loan Originator
           
 
Courses
Continuing Education
$99

Other Courses
National Exam Test Preparation
New York State Exam Test Preparation


SAFE ACT Requirements
    • See education requirements below - BUY SAFE ACT HOURS HERE
    • SAFE MLO Test - All applicants who filed an application after 7/11/09 must pass the National and State Components of the SAFE MLO Test by 5/31/2010. Existing licensees approved as of 7/11/09 must pass the National and State Components of the SAFE MLO Test by 8/31/2010. Anyone who filed an application prior to 7/11/09 that has not been approved, withdrawn or denied must pass the National and State Components of the SAFE MLO Test by 5/31/2010 - BUY NATIONAL EXAM TEST PREP HERE
    • Criminal Background Check - All applicants who filed an application after 7/11/09 must submit fingerprints through NMLS for a criminal background check by 5/31/2010. Existing licensees must submit fingerprints through the NMLS for a criminal background check by 8/31/2010.
    • Credit Report - All licensees must authorize a credit report through NMLS by 8/31/2010.

     



Education Requirements
Type Hours Required Courses Frequency
SAFE Act Pre-License 20 SAFE CORE 8 hours
Notes: All applicants on or after 7/11/09 must have completed 20 hours of NMLS approved pre-licensure education, including 3 hours of NY specific, by 5/31/2010. Existing licensees approved as of 7/11/09 must have completed 20 hours of NMLS approved prelicensure education by 8/31/2010. Anyone who filed an application prior to 7/11/09 that has not been approved, withdrawn or denied must have completed 20 hours of NMLS approved pre-licensure education by 5/31/2010. NY intends to participate in the pre-licensure education certification process. State approved courses taken after 11/30/09 will not be accepted for certification as part of the prelicensure education process.
SAFE Act Continuing Education 11 SAFE CORE 7 Hours Yearly by 12/31
Notes: All licensees must take 11 hours of NMLS approved continuing education, including 2 hours of NY specific, in 2011 in order to renew for 2012.
Certification (Education)
Notes: Currently licensed MLOs who have completed at least 20 hours of NY state approved education on or before 11/30/2009 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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