Below is contact information for entities controlling mortgage banking each of the 50 states and their continuing education requirements for license renewal.
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Alabama
Superintendent: John D. Harrison
State Banking Department
P.O. Box 4600
Montgomery, Alabama 36130-4600
Telephone:(334) 242-3452
Main Fax:(334) 242-3500
www.bank.state.al.us/index.htm
CE Requirements
At least 12 hours of approved continuing education in "primary and subordinated financing transactions" annually.
Alaska
Department of Banking
150 Third Street, Suite 217
P.O. Box 110807
Juneau, AK 99811-0807
Telephone: (907)-269-8140
Fax: (907)-269-8146
www.dced.state.ak.us/bsc/home.htm
CE Requirements
None
Arizona
Superintendent: Richard C. Houseworth
State Banking Department
2910 N. 44th Street, Suite 310
Phoenix, AZ 85018
Telephone: (602) 255-4421
Fax: (602) 381-1225
www.azbanking.com/
CE Requirements
None
Arkansas
Commissioner: Michael B. Johnson
Securities Department
Heritage West Building
Suite 300
201 E. Markham
Little Rock, AK 72201
Telephone: (501) 324-9260
Fax: (501) 324-9268
www.securities.arkansas.gov/
CE Requirements
Some licensees may require CE completion in 2007, check department website. As of 2008 all licensees will be required to complete eight hours annually by December 31 which must include one hour of mortgage industry ethics.
California
Commissioner: Jeff Davi
Department of Corporations
320 West 4th Street, Suite 750
Los Angeles, California 90013-1105
Telephone: (213) 576-7500
Fax: (213) 576-7181
www.corp.ca.gov
CE Requirements
Please refer to http://www.dre.ca.gov/cerqmts.htm for requirements.
Colorado
Attorney General:Ken Salazar
Department of Law Uniform
Consumer Credit Code Unit
1525 Sherman St. 5th Floor
Denver, CO 80203
Telephone: (303) 866-4527
Fax: (303) 866-5691
www.dora.state.co.us/securities
CE Requirements
None
Connecticut
Commissioner: John P. Burke
Consumer Credit Division
260 Constitution Plaza
Hartford, CT 06103-1800
Telephone: (860) 240-8299
Fax: (860) 240-8178
www.state.ct.us/dob/pages/ccdiv.htm
CE Requirements
None
Delaware
Commissioner: Robert A. Glen
Office of the State Bank Commissioner
555 E. Loockerman St., Suite 210
Dover, DE 19901
Telephone: (302) 739-4235
Fax: (302) 739-3609
www.state.de.us/bank/
CE Requirements
None
District of Colombia
Department of Banking and Financial Institutions
1400 L Street, NW, Suite 400
Washington, DC 20005
Telephone: (202)727-1563
Fax: (202) 727-1290
dbfi.dc.gov/dbfi/site/default.asp
CE Requirements
None
Florida
Commissioner: Don B. Saxon
Financial Services Commission
Office of Financial Regulation
200 E. Gaines Street
Tallahassee, FL 32399
Telephone: (850) 410-9805
Fax: (850) 410-9882
www.flofr.com/licensing/mblist.htm
CE Requirements
Mortgage broker licensees must complete at least 14 hours of continuing professional education prior to the renewal deadline of August 31, 2007. Thereafter, 14 hours of continuing professional education is required during each two-year renewal period.
Georgia
Commissioner: Rob Braswell
Department of Banking and Finance
2990 Brandywine Road, Suite 200
Atlanta, GA 30341-5565
Telephone: (770) 986-1633
Fax: (770) 986-1654
www.ganet.org/dbf/dbf.html
CE Requirements
Applicants must complete on an annual basis and prior to April 1 each year a minimum of twelve (12) hours of continuing education dealing with elements of the mortgage brokering process, federal law, federal rules and regulations, Georgia law, Georgia rules and regulations, applications and required documentation, fraud, ethics or other topics pertinent to the operation of a mortgage brokering business in Georgia.
At least one (1) hour shall be concentrated on fraud detection and prevention.
Hawaii
Executive Officer:Celia Suzuki
Department of Commerce and Consumer Affairs
Att: MB
P.O. Box 3469 Honolulu, HI 96801
Telephone: (808) 586-3000
www.hawaii.gov/dcca/areas/pvl/programs/mortgage
CE Requirement
None
Idaho
Director: Gavin M. Gee
Department of Finance
700 West State Street
Post Office Box 83720
Boise, Idaho 83720-0031
Telephone: (208) 332-8000
Fax: (208) 332-8098
finance.idaho.gov/
CE Requirements
16 hours by loan originators and designated Qualified Persona in Charge (QPIC). A CE course may not be repeated two years in a row.
Illinois
Commissioner: D. Lorenzo Padron
Office of Banks and Real Estate
310 South Michigan Avenue, Suite 2130
Chicago, Illinois 60604
Telephone: (312) 793-3000
Fax: (312) 793-7097
www.bre.state.il.us/resfin/mortbank.htm
CE Requirements
6 hours annually consisting of topics as designated by the Office of Banks and Real Estate.
Indiana
Secretary of State: Todd Rokita
Department of Financial Institutions
30 South Meridian Street Suite 300
Indianapolis, Indiana 46204
Telephone: 800-223-8791 or (317) 232-6684 Lenders Only
Fax: (317) 232-7655
www.in.gov/sos/securities
CE Requirements
Effective July 1, 2007, a person renewing a license or certificate of registration must provide evidence that during the twenty-four (24) month period immediately preceding the application that the person completed at least six (6) hours of approved academic instruction per year, related to the loan brokerage business to fulfill the academic instruction requirement for initial loan broker licensing and initial originator registration.
Iowa
Superintendent: Tom Gronstal
Division of Banking
200 East Grand Avenue, Suite 300
Des Moines, Iowa 50309-1827
Telephone: (515) 281-4014
Fax: (515) 281-4862
www.idob.state.ia.us/
CE Requirements
The CE year shall begin on the first day of May each year and shall end on April 30 the following year. Each person who is an individual registrant on shall complete at least 12 hours of continuing education. Continuing education hours will not be approved for any individual registrant for the same course in consecutive renewal periods.
Kansas
Commissioner: Clarence W. Norris
Office of the State Bank Commissioner
700 Jackson, Suite 300
Topeka, Kansas 66603
Telephone: (785) 296-2266
Fax: (785) 296-0168
www.osbckansas.org/index.html
CE Requirements
8 hours of continuing education annually
Kentucky
Executive Director: Cordell G. Lawrence
Office of Financial Institutions
1025 Capital Center Drive, Suite 200
Frankfort, Kentucky 40601
Telephone: (502) 573-3390 or (800) 223-2579
Fax: (502) 573-8787
www.kfi.ky.gov
CE Requirements
12 hours annually, at least 6 of which must be classroom hours. 6 hours of every 24 should be on Kentucky State Law.
Louisiana
Commissioner: John Ducrest
8660 United Plaza Blvd.
Second Floor
Post Office Box 94095 Baton Rouge, LA 70804-9095
Telephone: (225) 925-4660
Fax: (225) 925-4548
www.ofi.state.la.us/
CE Requirements
10 hours of approved continuing education each year to renew or reinstate license on January 1st of the following year. Effective August 15, 2007 each course shall include at least 30 minutes of instruction relating to changes or updates pertaining to licensing requirements as well as state laws and regulations.
Each applicant shall satisfy four of the remaining hours through courses offered or approved by the Mortgage Bankers Association (MBA) or the National Association of Mortgage Brokers (NAMB).
Maine
Director: William N. Lund
Office of Consumer Credit Regulation
35 State House Station
Augusta, Maine 04333-0035
Telephone: (207) 624-8527
Fax: (207) 582-7699
www.maine.gov/pfr/consumercredit/index.shtml
CE Requirements
All lenders and loan brokers licensed prior to January 31, 2008 must complete 12 hours of approved courses or exams/testing before January 31, 2008. Thereafter a minimum of 12 hours of approved courses must be completed every 12 months.
Maryland
Commissioner: Charles W. Turnbaugh
Department of Labor, Licensing, and Regulation
500 North Calvert Street, Suite 402
Baltimore, MD 21202
Telephone: (410) 230-6100
Fax: (410) 333-0475
www.dllr.state.md.us/finance/
CE Requirements
Covered employees are required to complete up to 20 hours of continuing education for each 2 year licensing period, if a covered employee can show 3 years industry experience.
- Ethics - 2 hours
- Real Estate Settlement Procedures Act (RESPA) compliance - 2 hours
- Federal Truth in Lending compliance - 2 hours
- Federal Equal Credit Opportunity Act/Fair Lending compliance - 2 hours
- Maryland law update - 2 hours
- Federal Law Update - 2 hours
- Electives - 8 hours
An employee who has been a covered employee with any licensee for the immediately preceding 10 years shall be considered to have satisfied the continuing education requirements by completing, during the immediately preceding licensing period, approved courses in the following subjects:
- Ethics - 2 hours
- Maryland Law Update - 2 hours
- Federal Law Update - 2 hours
Massachusetts
Commissioner: Steven L. Antonakes
Division of Banks
One South Station
Boston, MA 02110
Telephone: (617) 956-1500
Fax: (617) 956-1599
www.mass.gov/dob/
CE Requirements
None
Michigan
Commissioner: Linda A. Watters
Office of Financial and Insurance Services
611 West Ottawa St.
P.O. Box 30220
Lansing, MI 48909
Telephone: (517) 373-0220
Fax: (517) 335-4978
www.michigan.gov/cis
CE Requirements
None
Minnesota
Minnesota Department of Commerce
85 7th Place East
Suite 500
St. Paul, MN 55101
Telephone: 651-282-9855
www.commerce.state.mn.us/
CE Requirements
All individuals engaged in mortgage origination business must complete 15 hours of continuing education in state and federal law by March 1, 2008.
Mississippi
Commissioner: John S. Allison
Deparment of Banking and Consumer Finance
901 Woolfolk Building Suite A
501 N. West Street
P.O. Box 23729
Jackson, MS 39225-3729
Telephone: (601) 359-1031 or (800) 844-2499
Fax: (601) 359-3557
www.dbcf.state.ms.us/index.htm
CE Requirements
Every loan officer must complete 12 hours of continuing education with two (2) hours covering Mississippi Mortgage Consumer Protection Law.
Missouri
Commissioner: Eric D. McClure
Division of Finance
Harry S Truman State Office Building, Room 630
301 W. High St.
P. O. Box 716
Jefferson City, Missouri 65102
Telephone: (573) 751-3242
Fax: (573) 751-9192
www.missouri-finance.org
CE Requirements
None
Montana
Commissioner: Annie M. Goodwin
Department of Financial Institutions
301 South Park, Suite 316
PO Box 200546
Helena, MT 59620
Telephone: (406) 841-2920
Fax: (406) 841-2930
www.discoveringmontana.com/doa/banking/
CE Requirements
All mortgage brokers and loan officers must complete 12 hours continuing education per year.
Nebraska
Director: Samuel P. Baird
Department of Banking & Finance
The Atrium, 1200 N Street, Suite 311
PO Box 95006
Lincoln, NE 68509-5006
Telephone: (402) 471-2171
Fax: (402) 471-3062
www.ndbf.org/
CE Requirements
None
Nevada
Commissioner: Scott Bice
Department of Business and Industry
Financial Institutions Division
406 E. 2nd Street, Suite 3
Carson City, Nevada 89701-4758
Telephone: (775) 684-1830
Fax: (775) 684-1845
fid.state.nv.us/
CE Requirements
10 hours annual continuing education required prior to expiration of license on June 30th of each year.
New Hampshire
Commissioner: Peter C. Hildreth
Banking Department
64B Old Suncook Road
Concord, New Hampshire 03301
Telephone: (603) 271-3561
Fax: (603) 271-1090
www.nh.gov/banking/
CE Requirements
None
New Jersey
Commissioner: Steven M. Goldman
Division of Banking
20 W. State St.
P.O. Box 040
Trenton, NJ 08625
Telephone: 609-292-5360
Fax: (609) 777-0107
www.state.nj.us/dobi/division_banking/index.htm
CE Requirements
None
New Mexico
Director: William J. Verant
Financial Institutions Division
2550 Cerrillos Road, 3rd Floor
Santa Fe, NM 87505
Telephone: (505) 476-4885
Fax: (505) 476-4670
www.rld.state.nm.us
CE Requirements
None
New York
Superintendent: Richard Neiman
Banking Department
One State Street
New York, NY 10004-1417
Telephone: (212) 709-5540
Fax: (212) 709-5555
www.banking.state.ny.us/
CE Requirements
None
North Carolina
Commissioner: Joseph A. Smith Jr.
Office of the Commissioner of Banks
4309 Mail Service Center
Raleigh, NC 27699
Telephone: (919) 733-3016
Fax: (919) 733-6918
www.nccob.org/NCCOB
CE Requirements
Eight (8) hours per year, for timely renewals all LO's are strongly encouraged to complete CE by April 30 of each year so that education hours can be documented in renewal notices which are sent out in May. Failure to meet this requirement may result in loss of license or having to apply and meet all initial educational requirements including the Mortgage Lending Fundamentals test.
NC brokers may not receive credit for taking the same course twice within 3 years.
North Dakota
Agency Director: Timothy J. Karsky
Department of Financial Institutions
2000 Schafer Street, Suite G
Bismarck, ND 58501-1204
Telephone: (701) 328-9933
Fax: (701) 328-9955
www.state.nd.us/dfi/regulate/index.html
CE Requirements
None
Ohio
Superintendent: Kimberly A. Zurz
Dept. of Commerce
Division of Financial Institutions
77 South High Street, 21st Floor
Columbus, OH 43215-6120
Telephone: (614) 728-8400
Fax: (614) 644-1631
www.com.state.oh.us/dfi
CE Requirements
6 hours annually
Oklahoma
Administrator: Donald K. Hardin
Department of Consumer Credit
4545 North Lincoln Boulevard, Suite 104
Oklahoma City, Oklahoma 73105-3408
Telephone: (405) 521-3653
Fax: (405) 521-6740
www.okdocc.state.ok.us/mainMB.php
CE Requirements
16 hours annually
Oregon
Administrator: Floyd G. Lanter
Department of Consumer & Business Services
Division of Finance and Corporate Securities
350 Winter St. NE
Salem, OR 97301-3881
Telephone: (503) 378-4140
Fax: (503) 947-7862
www.oregonmleb.com/
CE Requirements
Each loan officer must complete 20 hours of continuing education within 24 months of their Notification Date and 20 hours in the subsequent 24 months.
Pennsylvania
Secretary: Steven Kaplan
Department of Banking
17 N Second Street, Suite 1300
Harrisburg, PA 17101-2290
Telephone: (717) 214-8343
Fax: (717) 787-8773
www.banking.state.pa.us/banking/site
CE Requirements
6 hours annually to be completed by June 30. Must include one hour of Ethics and one hour of Pennsylvania Mortgage Law.
Rhode Island
Director: A. Michael Marques
Department of Business Regulation
233 Richmond St., Suite 231
Providence, RI 02903
Telephone: (401) 222-2246
Fax: (401) 222-6098
www.dbr.state.ri.us/
CE Requirements
8 hours every 12 months with evidence of completion to be submitted by March 31st of each year.
South Carolina
Commissioner: Carole C. Wells
Department of Consumer Affairs
3600 Forest Drive, 3rd Floor
P.O. Box 5757 Columbia, SC 29250
Telephone: (803) 734-4200
Fax: (803) 734-4286
www.state.sc.us/consumer
CE Requirements
8 hours of continuing professional education annually for Mortgage Brokers to be completed by September 30 of each year. Loan officers must complete 8 hours continuing professional education annually by March 31st.
South Dakota
Director: Roger Novotny
Division of Banking
217 1/2 West Missouri
Pierre, SD 57501-4590
Telephone: (605) 773-3421
Fax: (605) 773-5367
www.state.sd.us/drr2/reg/bank/BANK-HOM.htm
CE Requirements
9 hours annually
Tennessee
Commissioner: Kevin P. Lavender
Department of Financial Institutions
511 Union Street, Suite 400
Nashville, Tennessee 37219
Telephone: (615) 741-2236
www.tennessee.gov/tdfi/
CE Requirements
None
Texas
Commissioner: Danny Payne
Texas Department of Savings and Mortgage Lending
Attention: Division of Licensing
2601 North Lamar, Suite 201
Austin, Texas 78705
Telephone: (512) 475-1350 (#2)
Fax: 512-475-1360
www.sml.state.tx.us
CE Requirements
15 hours bi-annually, must include at least 8 hours of Core training unless licensee has at least one active license as Real Estate Broker or Salesperson, Attorney, General Lines Agent, Limited Lines Agent or Managing Lines Agent. Of the 15 hours at least 8 hours must be of Core material including 2 hours of Ethics. Core material includes:
- Equal Credit Opportunity Act (ECOA) & Regulation B
- Real Estate Settlement Procedures Act (RESPA) & Regulation
- Truth in Lending Act (TILA) & Regulation Z
- Mortgage Broker License Act (MBLA) and Regulation
- General loan terms, knowledge or market practices
- Application and pre-qualification process
- Role of a mortgage broker and loan officer
Secondary Market or Federal Loan Program terminology for:
- HUD
- FHA
- VA
- FNMA
- FHMC
- Texas Home Equity
- Texas High-Cost Lending
- General mortgage-related math
- Predatory lending
- Deceptive trade practices
Remaining 7 hours may consist of Core material or alternative mortgage related material.
Utah
Director: Derek B. Miller
Utah Division of Real Estate
160 E. 300 South
Salt Lake City, Utah 84114
Telephone: 801-530-6747
Fax 801-526-4387
realestate.utah.gov
CE Requirements
14 hours from certified continuing ed provider every two years. At least 2 hours of Ethics and 3 hours of Federal/State mortgage lending law study time is required.
Vermont
Commissioner: John P. Crowley
Department of Banking, Insurance,
Securities & Health Care Administration
89 Main St Drawer 20
Montpelier, VT 05620-3101
Telephone: (802) 828-3307
Fax: (802) 828-3306
www.bishca.state.vt.us/BankingDiv/banking_index.htm
CE Requirements
None
Virginia
Commissioner: E. Joseph Face, Jr
Bureau of Financial Institutions
1300 E. Main Street, Suite 800
P.O. Box 640
Richmond, Virginia 23218-0640
Telephone: (804) 371-9657
Fax: (804) 371-9416
www.state.va.us/scc/division/banking/index.htm
CE Requirements
None
Washington
Director: Scott Jarvis
Department of Financial Institutions
1501 Israel Rd. SW
Turnwater, WA 98501
Telephone: (360) 902-8700
Fax: (360) 586-5068
www.dfi.wa.gov
CE Requirements
Brokers and loan officers must complete at least two (2) approved courses annually. Approved courses are required to be at least 3 hours long. At least one of the courses must be Ethics as of 2007.
West Virginia
Commissioner: Larry A. Stark
Division of Banking
1900 Kanawha Boulevard, East
Building #3, Room 311
Charleston, WV 25305-0240
Telephone: (304) 558-2294
Fax: (304) 558-0442
www.wvdob.org
CE Requirements
All licensed loan officers must complete 7 hours of CE annually. Effective October 1, 2006 all CE credits must be obtained via a live classroom course, a licensee living over 350 miles from the state may request to take an alternative course from an approved provider.
Wisconsin
Secretary: Lorrie Keating Heinemann
Department of Financial Institutions
345 W Washington Avenue
Madison, WI 53703
Telephone: (608) 261-9555
Fax: (608) 261-7200
www.wdfi.org
CE Requirements
Effective July 1, 2007 all loan officers and mortgage brokers must complete continuing education by one of two ways:
Option 1 - Take 16 hours of CE within two years preceding the most recent license expiration with at least 2 hours of the course on current issues.
Option 2 - Take "CE Test Out Exam" during the same two years.
Wyoming
Commissioner: Jeffrey C. Vogel
Division of Banking
Herschler Building, 3rd Floor
East 122 West 25th Street
Cheyenne, WY 82002
Telephone: (307) 777-7797
Fax: (307) 777-3555
audit.state.wy.us/banking/default.htm
CE Requirements
None
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