Rhode Island SAFE / Mortgage Licensing
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Rhode Island 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.
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Rhode Island Mortgage Broker Licensing Requirements
For further details on Rhode Island Mortgage Broker Licensing requirements, go to:
Rhode Island Department of Business Regulation
1511 Pontiac Avenue
Cranston, RI 02920
Phone: (401) 462-9500
Fax: (401) 462-9532
http://www.dbr.state.ri.us/divisions/banking_securities/license.php
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.
