New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This education must include Federal law (3 Hours), Ethics (3 Hours) (which shall include fraud, consumer protection, and fair lending issues), Non-traditional mortgage lending (2 Hours), Elective (9 Hours) Hawaii Law (3 Hours) .
Hawaii has a requirement for 3 hours of instruction on state-specific law which may be satisfied by either taking a HI comprehensive course or a state-specific elective course. Upon completion of the pre-licensing education, an individual has up to twelve months to submit an application for licensure as a mortgage loan originator. An individual who submits an application after the twelve months have expired will be required to repeat the pre-licensing education requirements.
To verify your state requirement, click here.
Champions School of Real Estate® has partnered with Learn Mortgage (NMLS ID # 1400214) to offer the online courses for Mortgage Pre-Licensing. - Please Read This First!