PE: 2-Hour Michigan

NMLS Course Number: 11049

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
• 10 hours of undefined education (referred to as electives)
• 2 hours of MI Law

Number of hours is 3/3/2/10 + 2hr MI = 20

MI has a requirement for 2 hours of instruction on state-specific law which may be satisfied by either taking a MI comprehensive course or a state-specific elective course.