CO-DORA has updated the course content for the required 2 hours of pre-licensure education.  The outline has been updated to reflect recent changes approved by the Colorado Board of Mortgage Loan Originators to state specific regulation to comply with the federal integrated disclosure rules. Changes reflected in the course content outline include:

  • Strike all of CRS 12-61-914(2)- Written Disclosure of Fees
  • Strike all of CRS 38-40-102- Disclosure of Cost
  • Moved all deceptive practices from 12-61-911 to 12-61-905.5- Prohibited Conduct and Deceptive Practices
  • Strike all of 12-61-911- Prohibited Conduct

The revised content outline has been posted on the course provider page of the NMLS Resource Center.  It is requested that CO state-specific PE courses by updated no later than July 15, 2016 or upon course renewal, whichever is soonest.

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NMLS has been informed that Kentucky is amending its annual continuing education (CE) requirement for MLO license renewal.  Beginning July 15, 2016 (anticipated effective date) Kentucky  will require 8 hours of annual CE which will also include 1 hour of KY state-specific education.  Accordingly, the number of hours of annual CE required for license renewal is being reduced from 12 to 8.  The requirement for 4 hours of KY state-specific education every-other-year is also being removed.  Additional details are available on the state’s web site.

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NMLS has been informed that effective July 1, 2016, Mississippi will no longer require the completion of MS state-specific continuing education and that the number of  hours of annual education required for license renewal is being reduced from 12 to 8.  The requirement for 4 hours of MS state-specific pre-licensure education remains.   Additional details are available on the state’s web site.

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