Federal and State law requires MLOs to complete a minimum of eight (8) hours of annual CE which must include the following:
a. Three (3) hours of Federal law and regulations;
b. Two (2) hours of ethics that shall include instruction on fraud, consumer protection, and fair lending issues;
c. Two (2) hours of training related to lending standards for the nontraditional mortgage product market; and
d. One (1) hour of undefined instruction on mortgage origination.
Alert: Many state agencies also have state-specific CE requirements. See the State-Specific Education Requirements (PE and CE) for details.