STATE LINKS
South Carolina Department of Consumer Affairs

3600 Forest Drive, 3rd Floor
P.O. Box 5757
Columbia, SC 29250
(803) 734-4200
scdca@scconsumer.gov

   
Mortgage Loan Originator
           
 
Courses
Continuing Education
$99

Other Courses
National Exam Test Preparation

SAFE ACT Requirements

Board of Financial Insitutions(SC-BFI):
    • See education requirements below - BUY SAFE ACT HOURS HERE
    • SAFE MLO Test - All licensees must pass the National and State Component of the SAFE MLO Test by 7/30/2010. - BUY NATIONAL EXAM TEST PREP HERE
    • Criminal Background Check - All licensees must submit fingerprints through NMLS for a criminal background check by 7/30/2010.
    • Credit Report - All licensees must authorize a credit report through NMLS by 7/30/2010.

     

 Department of Consumer Affair(SC-DCA):

  •  See education requirements below - BUY SAFE ACT HOURS HERE
  • SAFE MLO Test - All new applicants on or after 7/30/2009 must pass the National and State Components of the SAFE MLO Test 7/30/2010.Existing licensees before 7/30/2009 must pass the National and State Components of the SAFE MLO Test by 12/31/2010. - BUY NATIONAL EXAM TEST PREP HERE
  • Criminal Background Check - All new applicants on or after 7/30/2009 must submit fingerprints through NMLS for a background check by 7/30/2010.
    Existing licensees on or before 7/30/2009 must submit fingerprints through NMLS for a background check by 12/31/2010.
  • Credit Report - All new applicants on or after 7/30/2009 must authorize a credit report through NMLS by 7/30/2010.
    Existing licensees on or before 7/30/2009 must authorize a credit report through NMLS by 12/31/2010.

 





Education Requirements
Type Hours Required Courses Frequency
Continuing Education 8 Annually on 3/31
Notes: Renewing later than 3/31 incurs a $25 late fee
Pre-License 8
Notes: Must take education within 90 days of employment. Can avoid education with six months of experience in residential mortgage loans
SAFE Act Pre-License 20 SAFE CORE 8 hours
Notes: (1)Board of Financial Insitutions(SC-BFI)All new applicants on or after 7/30/2010 must have completed 20 hours of NMLS approved pre-licensure education.

(2)Department of Consumer Affair(SC-DCA)All new applicants on or after 7/30/2009 must have completed 20 hours of pre-licensure education by 7/30/2010. Existing licensees before 7/30/2009 must complete 20 hours of NMLS approved pre-licensure education by 12/31/2010, unless the licensee completed at least 20 hours of state approved education prior to 3/31/2010. State approved courses will no longer be accepted after 3/31/2010.
SAFE Act Continuing Education 8 SAFE CORE 7 Hours By 12/31/2012
Notes: (1)Board of Financial Insitutions(SC-BFI)All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012

(2)Department of Consumer Affair(SC-DCA)All licensees must take 8 hours of NMLS approved continuing education in 2011 in order to renew for 2012..
Certification (Education)
Notes: Currently licensed MLOs who have completed at least 20 hours of SC-DCA state approved education on or before 3/31/2010 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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