The renewal period for MLO license endorsement continues now through December 31, 2011. The Department of Real Estate (DRE) requires individuals who need to renew their MLO license endorsement to complete eight hours of NMLS-approved CE (Continuing Education). CE must be taken through NMLS-approved sponsors. (Note: 45 hours of DRE-qualified CE cannot apply to the MLO license endorsement CE requirement.)
Failing to renew an MLO license endorsement by January 1, 2012 will result in an existing license endorsement status changed to “Terminated Failed to Renew” and requires that the licensee cease performing all activities that require an MLO endorsement.
Do you know what course you need? What steps you need to follow?
To help you better understand the steps that you need to follow, C.A.R. Education has posted “How to Renew Your License with the NMLS for 2012” webinar at: www.car.org/education/renewnmls2012 This webinar will walk you through the steps that you need to follow and guide you to resources available to help you complete the requirements prior to filing.
Don’t wait until it is too late!
C.A.R. Education, along with OnlineEd, offer the eight-hour courses required to complete the NMLS license renewal. To register for an online course or take a live lecture course at a location near you visit www.car.org/education/mlo
8 Hour SAFE Comprehensive Continuing Education Course (For California Real Estate Licensees)
Cost: $49.95 plus $12.00 NMLS credit banking fee
This course is designed to guide Mortgage Loan Originators in the development, adoption, and implementation of specific regulatory and fair housing procedures and strategies. In addition, you will gain an understanding of several available FHA programs that may not have been previously considered a viable option. This course is Department of Real Estate (DRE) accredited for 8 hours of CE credit in Consumer Protection. Register Now
EdPak S.A.F.E. – 2011 California DRE / NMLS & License Renewal Package
Cost: $118.95 plus $12.00 NMLS credit banking fee
This online package fulfills your 45 credit hours for the California DRE salesperson or broker renewal AND includes eight credit hours for the Nationwide Mortgage Licensing System (NMLS). This course also exclusively features the DRE credited course about the California Residential Purchase Agreement and Joint Escrow Instructions Form (RPA-CA). Register Now