North Dakota SAFE / Mortgage Licensing
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North Dakota Mortgage Licensing Requirements
The SAFE Act requires states to establish minimum rules and standards for the licensing and registration of mortgage loan originators. This allows easy access to a Loan Officer and Mortgage Broker's credentials and allows the public to know what kind of mortgage history these providers have.
Essentially, the SAFE Act requires that state-licensed Mortgage Loan Originators (MLOs) pass a written qualified test with a score of 75% or better, complete at least 20 hours of pre-licensing education courses, and take eight hours of annual continuing education courses.
Do You Need To Have A License To Be A Mortgage Loan Officer In North Dakota? If So, How Do You Get A Mortgage License?
Mortage Loan Officers need to be licensed by the state in which they do business, which means they must complete the pre-licensing education requirements, pass the state and national SAFE / NMLS exam with a score of 75% or better, then take eight hours of annual continuing education courses to maintain their license. Don't wait! Take one of our SAFE / NMLS training courses to earn your mortgage broker license!
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North Dakota Mortgage Broker Licensing Requirements
For further details on North Dakota Mortgage Broker Licensing requirements, go to:
North Dakota Department of Financial Institutions
2000 Schafer Street, Suite G Bismarck, ND 58501-1204
Phone 701-328-9933
Fax 701-328-9955
Disclaimer: This information provided is based on state laws and regulations, and is subject to change. While we make every effort to asure this information is current and accurate, it is not engaged in rendering legal or professional advice, and shall not be held responsible for inaccuracies contained herein.
