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How Do I Know If I'm Required To Take My CE This Year Or Not?Generally, if you obtained your license after 2009 but before this year, the above NMLS CE requirements apply to you. If you obtained your license this year (and assuming you completed the required pre-license education), you don't need to complete any additional mortgage education this year. Successive Year RulePer the SAFE Act, you cannot take the same NMLS course for two years in a row. To avoid this possible overlap, AYPORealEstate creates brand new NMLS-approved CE courses every single year to comply with this rule. NMLS Late CE Courses - Making Up Your Continuing EducationLate CE is required during the annual reinstatement period:
These hours need to come from a specifically designated NMLS 'Late CE' course. The NMLS maintains a catalog of approved courses so you can find the Late CE class you need. AYPORealEstate is an approved Late CE provider and can help you get your Late Continuing Education done on time. WA Mortgage Loan Originator CE DeadlineThe deadline to complete CE is December 15th. Take note: MLOs in Washington are prevented from applying 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. Stay on top of the NMLS continuing education requirements so CE hours never stand between you & your renewal. Contact us or enroll today to beat the deadline! What is the total application cost for an MLO in WA?Complete the NMLS Application
Applicants are advised to review the MLO New Application checklist beforehand in order to ensure they're ready to apply. You'll need to pay $125 for the Washington portion of the licensing fee. Additionally, a credit report must be submitted at the time of application for a fee of $15.
What is the renewal fee for MLOs in SC?The current Initial Filing Fee is $750. Renewal Fee is $550.
What happens if a branch office fails to pay the annual renewal fee by December 31st?If an MLO fails to attest to the renewal request by December 31 and fails to renew, the employing institution must request reactivation (which requests attestation again) and submit an additional $30 processing fee. Once the MLO attests to their record, the MLO's registration is reactivated.
What is the required surety bond amount for a mortgage company that originates $24000000 or more in Michigan?$50,000 – if the sum of the principal amounts of mortgage loans closed by the mortgage loan originator in the preceding calendar year is $24,000,000 or more.
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