Rhode Island Mortgage License Renewal & NMLS Continuing Education Guide

Rhode Island Mortgage License Continuing Education Requirements

NMLS Continuing Education Requirements for Mortgage License Renewal

The SAFE Act requires licensed mortgage loan originators (MLOs) to take a minimum of 8 hours of continuing education (CE) every year as a condition for mortgage license renewal. Your CE must be completed before submitting paperwork for license renewal through the NMLS website. NMLS continuing education credit hours must be in the following categories:

• 3 hours of Federal Laws and Regulations
• 2 hours of Ethics topics covering fraud, fair lending, and consumer protection issues
• 2 hours of non-traditional mortgage training
• 1 hour of electives

OnlineEd's mortgage courses include all of these required topics, so you don't need to worry about missing anything.

Each state has its own license renewal requirements. If you are licensed in other states, check with each state to learn if you need to take any state-specific elective courses. See the NMLS education chart for details. Persons that hold multiple licenses often take our 7-Hour Core CE course and then the individual electives for each state they need.

Don't wait until the last minute! Be sure to get your CE done at least 10 days before the due date. This will allow time for the CE credit to be uploaded to the NMLS database and for you to complete your license renewal paperwork. If you take your CE on December 31, you will certainly NOT get your license renewed on time.

What happens if I miss the deadline? If you miss the NMLS renewal deadline, then you will need to take a designated "Late CE" course for makeup credit (look for "Late CE" in the course title). These courses become available on January 1 and apply retroactive credit to years of CE that were missed. Regular CE courses will not count for retroactive credit.

I completed my CE. Now what? When a course is completed, OnlineEd will upload your credits to the NMLS database within one business day. We will send you a notification by email when this is done. When all of your license renewal requirements are completed, you can move forward with renewing your license through the NMLS website.

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