text: New York Mortgage Loan Officer License Requirements
  As a result of the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) of 2008, mortgage loan originators are required to complete a set list of requirements of both education and application in order to obtain a license to operate in their state. Below is a list of the requirements set forth by the SAFE Act and the state of New York for new loan officers applying for mortgage licenses:
  New York New Mortgage License Education Requirements
  New state-licensed Mortgage Loan Originators are required to complete a 20 hour SAFE pre-licensure education course that includes:
  3 hours of ethics, fraud, consumer protection, and fair lending issues
  3 hours of New York state law education
  New Mortgage License Education does not count towards annual CE credits. MLO's are also advised to not retake any 20 hour new license education course unless otherwise directed by a state regulator.
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  New York Continuing Education Requirements
  Mortgage Loan Originators are required to complete 11 hours of Continuing Education which include:
  1 hours of undefined electives
  3 hours of NY specific education
  Remember to take into account the "successive years" rule, which prohibits loan officers from taking the same CE course two years in a row. Mortgage Educators changes its continuing education course annually to ensure no issues with the "successive years" rule.
  (THIS IS A COMPREHENSIVE 8 HOUR CE COURSE.
  IT DOES NOT INCLUDE THE 3 HR NY COURSE)
  Mortgage Educators & Compliance is here to answer any additional questions that you may have in regards to your New York mortgage license. For additional questions, feel free to call us at (801) 676-2520 or email us at 20hour@MortgageEducators.com.