Alabama Mortgage License Requirements

Learn about the Alabama mortgage education requirements for mortgage licensing.

In the state of Alabama, mortgage loan originators are required to:

1. Complete a Criminal Background Check (CBC).
2. Authorize a credit report through the NMLS.
3. Fulfill all state and federal education requirements as designated by your state agency.
4. Take and pass a National Test with a grade of 75% or higher.
5. Must be covered by a surety bond in favor of the State of Alabama through the company that you are working for or individually obtain a surety bond.
6. Cannot have been convicted of any felony in the last 7 years.
7. Can never have been convicted of a felony that involved an act of fraud, dishonesty, breach of trust or money laundering.

Alabama NMLS Pre-Licensing Education Requirements:

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

• 3 hours of federal law
• 3 hours of ethics
• 2 hours of non-traditional mortgage lending training
• 12 hours of electives

Alabama Continuing Education Requirements:

State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

• 3 hours of federal law
• 2 hours of ethics
• 2 hours of non-traditional mortgage lending
• 1 hour of electives

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

Alabama Mortgage Licensing: 

• State Banking Department of Alabama
• Phone: 334-242-3452
• Website: www.banking.alabama.gov
• Contact: Diana Anderson, diana.anderson@banking.alabama.gov

NMLS Resources:

• Alabama MLO License Description Page
• Professional Standards: Mortgage Education
• Professional Standards: Criminal Background Check 
• Professional Standards: Credit Report
• Professional Standards: MLO Testing 

Refund Policy for Alabama Residents

1. If a consumer requests a cancellation within 72 hours of enrollment date, then the consumer will be eligible for a full refund. If a consumer requests cancellation after 72 hours of enrollment date, but before start date, then the consumer will be eligible for full refund except the registration fee. No refunds or credits will be issued after one year from the date of purchase. All credits must be used within 12 months
2. If the consumer requests a refund after classes begin, then the consumer is eligible for a prorated refund of tuition and any unearned fees.
3. If OnCourse Learning closes or discontinues 20 Hour SAFE Comprehensive: Applying Mortgage Knowledge to Exam Prep, each currently enrolled student will be refunded monies paid by the student for tuition and NMLS Credit Banking Fee.
4. The date of cancellation is the date that the student has begun the official cancellation process. A refund due to a student shall be paid within 30 days of the date of cancellation.
5. OnCourse Learning reserves the right to cancel any private live program within seventy-two (72) hours of the start of the program. An OnCourse Learning representative will make a reasonable effort to notify students of cancellation via phone or e-mail. Students will then be eligible for a full refund of the cost of the program or credit toward another program of equal or lesser value. OnCourse Learning will not be held responsible for any expenses incurred due to the cancellation of the program. This includes non-refundable flights, hotels or any other related expenses.
6. If a student has an extenuating circumstance, such as injury, prolonged illness or death, or other circumstances which prohibit completion of the course, within (1) year of enrollment, the student will be able to re-schedule into another session to complete the rest of their course.
7. In order to officially cancel enrollment, students must notify OCL via at support@oncourselearning.com if they are withdrawing from the course.

Alabama Full Mortgage Course Catalog

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