STATE LINKS
Rhode Island Department of Business Regulation
1511 Pontiac Avenue
Cranston, RI 02920
(401) 462-9500
   
Mortgage Loan Originator
           
 
Courses
No Education Required Outside of SAFE Act Requirements
Continuing Education
$99

Other Courses
National Exam Test Preparation
Rhode Island State 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 12/31/2009 - 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 9/11/2009 must have completed 20 hours of NMLS approved prelicensure education, including 3 hours of RI specific. Existing licensees as of 9/10/2009 must complete 20 hours of state approved education or NMLS approved education by 11/30/2009. State approved education will no longer be accepted after TBD.
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 RI 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 RI 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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