8-Hour Continuing Education Requirements

Option #1 Covers 2012 SAFE Continuing Education Requirements. Approved by the NMLS for 8 hours of SAFE Comprehensive Continuing Education and by CA-DRE for 8 hours of continuing education for salesperson or broker.

Option #2 This renewal package satisfies requirements for both CA-DRE 45-hour renewal and 2012 NMLS continuing education. Perfect for DRE licensees with an MLO "license endorsement" that also need to complete their 45-hour DRE renewal within the next 4 years.

Mortgage loan originator licensees under the DOC, or DRE licensees with a "license endorsement," approved for issuance in 2011 will expire on December 31, 2012. The annual renewal period for your mortgage loan originator license will be from November 1, 2012 through December 31, 2012. You must renew your license during this period in order to ensure that you are authorized to continue originating loans during the 2013 calendar year. There are several requirements which must be met in order to renew your license. The requirements are:

1. Log in to your NMLS account and request renewal of your mortgage loan originator license or "license endorsement." You must also review your MU4 for accuracy, make any required changes and attest to its accuracy.
   
   
2. File evidence of completion of 8 hours of continuing education with the NMLS, which is completed in 2012. As your NMLS-approved course provider, Chamberlin will transmit your completion record to the NMLS. There are no additional California specific education requirements. The continuing education must include:
   • 3 hours of federal law and regulations;
   • 2 hours of ethics;
   • 2 hours of lending standards for nontraditional mortgages;
   • 1 hour of elective.
   
   
3. Payment of the annual renewal fee:
   • Renewal fee of $300 (DRE license endorsements)
   • NMLS annual renewal fee of $30