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3 Hour HI SAFE State Law PE OIL - #5933

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3 Hour HI SAFE State Law PE OIL - #5933
$97.00

Availability: In stock

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Course Format
The student will complete a series of online Learning Modules, Activities, and Quizzes during a set period of time. The course must be completed in the scheduled time frame. A desktop or laptop computer is required for this course. The use of mobile devices, such as tablets or cell phones, is not permitted by the NMLS. 

 

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 3/3/2/9/+ 3hrs of HI Law = 20

Hawaii has a requirement for 3 hours of instruction on state-specific law which may be satisfied by either taking a HI comprehensive course or a state-specific elective course. Upon completion of the pre-licensing education, an individual has up to twelve months to submit an application for licensure as a mortgage loan originator. An individual who submits an application after the twelve months have expired will be required to repeat the pre-licensing education requirements.

 

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