Arkansas Mortgage License Requirements
Learn about the Arkansas mortgage education requirements for mortgage licensing.
In the state of Arkansas, mortgage loan originators are required to:
- Each new loan officer application is required to submit an application through a MU4 filing.
- Complete a Criminal Background Check (CBC).
- Authorize a credit report through the NMLS that demonstrates financial responsibility.
- Fulfill all state and federal education requirements as designated by your state agency.
- Take and pass both National Component and Arkansas State Component Tests.
- Surety Bond/Recovery Fund: Every mortgage loan originator must be covered under a surety bond or recovery fund.
- Have a high school diploma or GED certificate, and be at least eighteen (18) years of age.
- Submit information related to any administrative, civil, or criminal proceeding by a governmental jurisdiction.
- Provide authorization to obtain an independent credit report.
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 Mortgage Licensing:
- Arkansas Securities Department
- Phone: 501-324-9260
- Email: jay.drake@arkansas.gov
- Website: www.securities.arkansas.gov
NMLS Resources:
- Arkansas MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing