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Kentucky

Pre-Licensure Education Requirements

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This education must include 3 hours of Federal law, 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, plus 12 hours of undefined education (referred to as electives).

 

Number of hours is 3/3/2/12 = 20

 

Kentucky does not have a requirement for instruction on state-specific law.

 

Continuing Education Requirements - Click Here To Purchase

Every state-licensed MLO (in any approved status) is required to complete at least 8 hours of NMLS approved education annually beginning the year they are licensed (unless PE was completed in the same year). Annual CE education must include 3 hours of Federal law, 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), and 2 hours of non-traditional mortgage lending, 1 hour of undefined education (referred to as an elective), plus 4 hours of KY-specific*.

 

Number of hours is 3/2/2/1 + 4hrs of KY law = 12 *MLOs are required to complete 12 hours of CE every year; the requirement to take is 4 hours of KY-specific law is every-other-year. The first time the 4hrs of KY law is required is the first year immediately following licensing.

 

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row. MLO’s are advised not to retake pre-licensure education (PE) unless directed to by a State Regulator. PE education does not count towards meeting annual CE requirements.

 

Am I required to take Continuing Education this year?
If I completed SAFE Act PE in 2009, 2010, 2011, 2012, 2013 or 2014 and I was licensed in 2009, 2010, 2011, 2012, 2013, 2014 or 2015 am I required to complete CE in 2015 YES
If I completed SAFE Act PE in 2015 and I was approved for an initial license in 2015 am I required to complete CE in 2015 No

 

Deadline

The deadline to complete CE is November 30, 2015. However, MLOs in Kentucky are prohibited from submitting an application to renew their license if they have not completed CE. Since it may take as long as seven (7) days for a course provider to report a course completion into NMLS, MLOs are strongly encouraged not to wait until the last minute to try to complete CE or they may be prevented from submitting for renewal on time.