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Arkansas State Continuing Education Requirements
The License Renewal requirement is December 31st of each year.
Education
Beginning with calendar year 2007, all loan officers that have held a loan officer license for a
period, whether consecutive or not, of one hundred eighty (180) days or more, during the calendar
year for which CE hours are required shall complete eight (8) hours of CE annually, at least one
(1) hour of which shall be on mortgage industry ethics, by December 31; provided, however, that any
CE approved by the Commissioner and completed during the calendar year 2006 may be applied toward
the 2007 requirement.
If a licensee acquires in excess of eight (8) approved CE hours in one calendar year, the excess
credit may be carried forward and applied to the CE requirement for the next calendar year only up
to a maximum of eight (8) hours.
Record Retention
5 years
License Expiration
December 31st of each year
Surety Bond
$50,000 - Mortgage Broker
$100,000 - Mortgage Banker or Mortgage Servicer
Net Worth
$25,000
Fees
-
Loan Officer
Initial Registration = $50
Renewal Registration = $50
- Mortage Banker, Broker or Services
Initial Registration = $750
Renewal Registration = $350
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