Changing Rules for Loan Officer Licensing

Over the next year, many states who do not currently license loan officers will start doing so. The push comes from a belief that registration/licensing will improve the professionalism of loan officers. The various states that already have loan officer licensing require pre-licensing education or experience, registration or licensing of the individual loan officers, and continuing education needed for renewals of the registration or licensing. The new states will have similar requirements but each state will have a different date for starting the registration/licensing process and who is required to comply.

I will be keeping readers of this blog up-to-date with the new loan officer regulations as the states roll out their new regulations. This will allow you plenty of time to familiarize yourself with your state's new requirements and to get you ready for compliance with the new law.