Mortgage Broker and Loan Officer Training in Michigan (MI) State Education Requirements

Michigan National Licensing Courses:

CLICK HERE for online 20 Hour SAFE Comprehensive courses.

CLICK HERE for online 8 Hour SAFE Comprehensive courses - Continuing Education.

CLICK HERE for National Examination Preparation Package.


Pre-Licensure Education:
All new applicants on or after 7/31/2010 must have completed 20 hours of
NMLS approved pre-licensure education.

Existing registrants that did not complete the 24 hour state approved pre-licensure
education must complete 20 hours of NMLS approved pre-licensure
education by 7/31/2010.

State approved courses will no longer be accepted after 7/30/2010.

CERTIFICATION
The state of Michigan will certify pre-education for persons who are currently
registered as loan officers and who have completed at least 20 hours of MI
approved education on or before7/30/2010. Persons whose pre-education that has
been certified need not to take the NMLS pre-licensure education. Refer to
your state agency for more information.

Continuing Education:
There is no NMLS approved continuing education required in 2010 bto renew
mortgage loan originator license for 2011.

SAFE MLO Test:
National Component
All new applicants must pass the National Component of the SAFE MLO Test
by 7/31/2010.

Existing registrants must pass the National Component of the SAFE MLO Test
by 7/31/2010.

State Component
All new applicants must pass the State Component of the SAFE MLO Test by
7/31/2010.

CERTIFICATION
Persons currently registered as loan officers who have passed the MI
mortgage tests are eligable to participate in the testing 
certification process and will not need to take the MI Component of the SAFE
MLO Test. The state of MI will certify the MI Component. Refer to your state
agency for more information.

Criminal Background Check:
Existing registrants must submit fingerprints through NMLS for a
criminal background check by 7/31/2010.

Credit Report:
MLOs are required to authorize a credit report through NMLS between October 2010
and March 1, 2011.

Regulatory Agency: Michigan Office of Financial and Insurance Services 333 South Capitol Avenue, Suite A Lansing, MI 48909 Ph: 517.373.1837 Fax: 517.541.9280 http://www.michigan.gov/dleg/0,1607,7-154-10555---,00.html. For more information about this state's licensing requirements CLICK HERE. Please Note: The contents contained on this web page are for informational purposes only.
State requirements often change. Please visit your state web site for the most up-to-date information.
This information should not be interpreted as legal advice.

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