Mortgage-Education.com :  Montana State Information and Guidelines for Mortage/Loan Processing Continuing Education/Certification.
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Montana's State Contact Information

Department of Commerce
Division of Banking and Financial Institutions
301 South Park, Suite 316, PO Box 200546
Helena, MT 59620

Ph: (406) 841-2920
Fax: (406) 841-2930

Montana's State Licensing Information

Click here for State of Montana Background Check Information and Forms

All real estate licensees, including property managers, are required to complete 12 hours of continuing education every year. Four of those hours must be from the Mandatory Topics list with the remaining 8 hours coming from either the Mandatory or Elective Topics lists. Up to six additional hours of education may be carried over to the next year as elective hours.

* Click here to print the 2005 Montana Continuing-Education topics.

* Click here to print the Montana Mortgage Broker and Loan Originator Licensing Act




Required Yearly Montana Mortgage Broker or Loan Officer Continuing Education

All mortgage brokers and loan officers are required to pass a 12 hour continuing education class by May 31. Your License will expire by June 30.





Initial Montana Mortgage Broker or Loan Officer Certification


(Please scroll down to see all the pertinent information!)

Any Loan Officer or Mortgage Broker can take the Mortgage Certification Test (at any time) and pass.





For mortgage brokers that have more than 3 years experience or have been a mortgage broker before December 31, 2002

  • You are exempt from the Montana Certification Test and all initial certification requirements.




    If you pass the Montana Certification Test

  • (If you fail this test, instructions are listed below. Please scroll down to view all pertinent information!)
    • Pass the Montana Certification Test with 80% or better for SD or 75% (or more) correct. (see the link on the right)
    • * To print the Montana Approved Proctor List, click here

    • We will mail a signed, original certificate in the mail.
    • ** For loan officers that have less than 6 months experience:
      • You will receive your certificate of completion. However, you will need to document 6 months of experience to receive your license.




    If you fail the Montana Certification Test


    (Please scroll down to see all the pertinent information!)
    • You must take either the Montana Conventional Course or the Montana FHA Course and pass the final exam with a 80% or better for SD or 75% or higher score




    Montana Real Estate Continuing Education


    The following courses are mandatory:

    • Course #03-136 - Types of Loans, Credit Report, Terminology
    • Course #03-137 - Lead sheet, loan application and loan matrix
    • Course #03-140 - Respa, Processing and Time Management

    The following courses are approved for the elective Montana Real Estate Continuing Education:

    • Course #03-138 - Respa, Quality Control
    • Course #03-139 - Appraisals
    • Course #03-141 - Loan Submission, Title Insurance and Closing

     

     

     

     

     

     

     

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    College Credit Available

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