Arkansas Mortgage License Requirements

Application Requirements to become licensed in Arkansas:

*Note: A sponsorship request must be submitted by your employer. AR will review and accept or reject the sponsorship request.

Arkansas 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

Arkansas 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.

Arkansas Securities Department Contact Info:

• Phone: 800-981-4429

• Email: ASDinfo@arkansas.gov

• Website: www.securities.arkansas.gov

NMLS Resources:

• Common Individual Licensing Requirements 

• Mortgage Education Information

• Criminal Background Check 

• Credit Report

• MLO Testing 

Note: OnCourse Learning is approved with Arkansas Division of Higher Education to ensure that residents of Arkansas who attend private, proprietary postsecondary educational institutions are protected from fraud. Please see the Course Catalog tab and Arkansas Refund Policy tab for more information.

Refund Policy For Arkansas Residents

Products available for refund: 20hr SAFE PE, 8hr CE, 8hr Late CE and Exam Prep

1. If refund requests for online courses received via e-mail by OnCourse Learning within seventy-two (72) hours of the date of registration AND after the seventy-two (72) hours enrollment date, but prior to the course start date, students will be given a refund. No refunds or credits will be issued after one year from the date of purchase. All credits must be used within 12 months.
2. In the case of students withdrawing after commencement of classes, the refund will be based on the percentage of contact hours attended, as described in the table below. The refund is based on the official date of termination or withdrawal.

   At completion of less than 25% of program	75% refund
   At completion of 25% but less than 50% of the program	50% refund
   At completion of 50% but less than 75% of the program	25% refund
   At completion of 75% or more of the program	No refund

3. If OnCourse Learning closes or discontinues any program, each currently enrolled student will be refunded monies paid by the student for tuition and NMLS Credit Banking Fee immediately.
4. The date of withdrawal or termination is the date that the student has begun the official withdrawal process. A refund due to a student shall be paid within 30 days of the date of withdrawal.
5. In order to officially request a refund/withdraw enrollment, student must notify OCL via email at support@oncourselearning.com if they are withdrawing from the course.

Arkansas Full Mortgage Course Catalog

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