Are we required to take Continuing Education?
Every Michigan licensed MLO is required to complete at least 8 hours of NMLS approved continuing education annually.
(Exception: MLOs who complete pre-licensure education are not required to take continuing education that year.)
Courses are scheduled through NMLS and must include:
- 3 hours of federal law and regulations
- 2 hours of ethics that include fraud, consumer protection, and fair lending issues
- 2 hours of non-traditional mortgage lending
- 1 hour of undefined instruction on mortgage origination