Mortgage Lending Education

NRS 645B.051 Continuing education required for renewal of license (IT IS NOT REQUIRED FOR INITIAL APPLICATION AS A MORTGAGE AGENT)

For brokers, qualified employees and owners, directors, officers exempted from loan agent licensing requirements.  By May 31 of each year, Mortgage brokers must submit to the Commissioner satisfactory proof that the each person who supervises the daily business of the mortgage broker must have completed at least 10 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires.  Class hours used for prior renewals may not be used to meet current education requirements, although excess hours may be used or carried forward.

Mortgage agents. A mortgage agent who renews the license must have completed at least 10 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires.  Class hours used for prior renewals may not be used to meet current education requirements, although excess hours may be used or carried forward.

Approved course of studies.   To have a course approved the course will need to be approved by one of the following sponsors and relate to the mortgage industry or mortgage transactions: