NMLS-Approved Pre-License – Pre-License Course Expiration Policy

In 2016, a PE Expiration policy was approved that states an individual who completed 20-hours of Pre-License education must retake the education if they fail to acquire a valid state license or federal registration within three years from the date of federal compliance or the last date of licensure or registration as a mortgage loan originator. Details of the policy are available on the NMLS website.

Currently, this is not nationwide compliance within NMLS, but many states have enacted this policy. If a state has enacted the policy, the Pre-License transcript is only valid for three years, as mentioned within the PE Expiration Policy. Suppose a state has not enacted the policy and says Pending Enactment. In that case, the Pre-License Expiration Policy will take place soon, and a candidate can verify the transcript's validity with the NMLS.

Find the agency in the State-Specific Education Requirement to determine when the Pre-License education expires.

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