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Ohio

Pre-Licensure Education Requirements - Click Here To Purchase

New state-licensed MLOs are required to complete 24* 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, 12 hours of undefined education (referred to as electives) + 4 hours of OH OMBA law.

 

Number of hours is 3/3/2/12/+ 4hrs of OH law = 24

Ohio has a requirement for 4 hours of instruction on state-specific law which may be satisfied by either taking an OH comprehensive course or a state-specific elective course.

Note: Only applicants under OMBA must take the additional 4hrs of education. OMLA applicants only require 20 hours.

 

Continuing Education Requirements

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, plus 1 hour of elective.

 

Number of hours is 3/2/2/1 = 8

 

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 December 31, 2015. 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.