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Colorado License Requirements

Get an understanding of mortgage lending and insurance state licensing and continuing education requirements

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Colorado Mortgage License Requirements

Learn about the Colorado mortgage education requirements for mortgage licensing.

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

    1. Authorize a credit report through the NMLS.
    2. Fulfill all state and federal education requirements as designated by your state agency.
    3. Take and pass the National Component.
    4. Prior to submitting a State of Colorado application, two sets of fingerprints for a criminal history background check must be submitted: A). To the Colorado Bureau of Investigation, (CBI); B). To the FBI through the NMLS.
    5. Acquisition of a Surety Bond as required by section 12-61-907, C.R.S., and in accordance with any rule of the Director that directly or indirectly addresses Surety Bond requirements.
    6. Acquisition of the Errors and Omissions insurance required by section 12-61-903.5, C.R.S., and in accordance with any rule of the Director that directly or indirectly addresses Errors and Omissions insurance requirements: an official quote showing a proposed policy number and proposed beginning and ending dates with the applicants name will suffice for the application process provided the applicant, upon issuance of the official State of Colorado license, revisits their Colorado online RMS account and replaces the quote with the actual data. Failure to do so will result in an inactive license.
    7. Complete the online filing and payment for your State of Colorado license.

Colorado NMLS Pre-Licensing Education Requirements:

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. *Note: PE must be completed within 3 years of a new or subsequent license application. This includes:

  • 3 hours of federal law
  • 3 hours of ethics
  • 2 hours of non-traditional mortgage lending training
  • 2 hours of Colorado state-specific education
  • 10 hours of electives
Note: The Colorado Division of Private Occupational Schools requires acknowledgement of an enrollment agreement. Please acknowledge the enrollment agreement.

Colorado 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 Colorado annual state-specific education

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.

Colorado Mortgage Licensing:

Note: Individuals who fail to maintain an active, valid license for at least 3 years must satisfactorily complete the twenty (20) hours of pre-licensing education within the three (3) year period immediately preceding the date of application for licensure.

NMLS Resources:

Colorado Insurance License Requirements

Learn about the Colorado insurance education requirements for insurance licensing.

Colorado Insurance Licensing FAQs:

What are the requirements to renew a Colorado insurance producer license?

  • Colorado insurance licensees are required to complete a minimum of 24 hours of continuing education credits, including three hours of Ethics, to maintain their license.
  • There are additional courses required if you sell or wish to sell annuities, flood insurance or long-term care products. All states require licensees who sell flood insurance to complete a one-time course that is at least three hours in length.  Several states require courses to represent annuity products and long term care products.
  • Please Note: Effective 1-1-2014 all producers with a Property or Personal Lines line of authority must complete 3 hours of Homeowner continuing education. OnCourse Learning currently offers the 3hr course "The Need for Homeowners Insurance" to meet this requirement. We recommend contacting the state at 1-800-930-3745 for more information.

Colorado Insurance Continuing Education FAQs:

  • Are OnCourse Learning’s continuing education courses approved to satisfy my Colorado Insurance Producer continuing education requirements?  Yes. OnCourse Learning’s Colorado Insurance continuing education courses are approved by the Colorado Division of Insurance to satisfy the education requirements to renew your Colorado Insurance license.
  • Where can I find more information on the requirements to renew my Colorado insurance license?  OnCourse Learning is a valuable resource for licensing information. View the “Rules and Regulations” section of our website, or contact your state agency for more information.
  • How do OnCourse Learning’s Colorado Insurance continuing education courses work?  OnCourse Learning’s approved Colorado Insurance continuing education courses are offered online for your convenience. Once enrolled, your Table of Contents will serve as your roadmap for completing the course. You will be given access to lesson material, multimedia reviews, quizzes and a final exam. To demonstrate course completion, you will need to read the lesson material, pass all quizzes and pass the final exam.
  • Will I receive a certificate of completion immediately after completing the coursework?  Yes. Upon completion of all course elements, you will immediately receive your certificate of completion. You may access your certificate of completion at any time by logging into your account. 
  • Once I enroll, when can I access my Colorado Insurance continuing education courses?  Upon enrolling, you will have immediate access to your coursework. Simply log-in using your e-mail address and password and you can get started immediately. Best of all, you will have access to your course 24/7 and from any computer with an internet connection. You can work at home, at the office, wherever is the most convenient for you!
  • What if I have questions once I enroll in the continuing education courses?  OnCourse Learning’s attentive customer service staff and knowledgeable instructors are available to answer any questions you may have. We are available Monday-Friday, 8 a.m. to 5 p.m. PST at 1-800-299-2207.

Colorado Insurance Licensing:

For more information, please contact the Colorado Department of Regulatory Agencies at:

Colorado Full Mortgage Course Catalog

Schools Ownership

Adtalem Global Education Inc. is the owner of OCL Financial Services LLC DBA OnCourse Learning and is an e-learning partner that empowers companies and professionals to improve, achieve and aspire. For more than 40 years, OnCourse Learning has been delivering continuing education, pre-licensing and corporate training. The Financial Services sector within OnCourse Learning is a national leader in mortgage education. Our mission is to elevate and enrich the mortgage industry through its innovative compliance solutions and comprehensive educational programs. Customers and partners can choose from proven online campuses/sites to meet their personalized needs

Company Mission

OnCourse Learning helps both professionals and companies navigate regulatory training, certification and compliance requirements to ensure success and manage risk in their chosen profession. Utilizing real world professionals, subject matter experts and leading instructional designers, OnCourse Learning is focused on providing students with the most current and comprehensive curriculum in relevant and easy to understand formats. We help people get started and succeed in their chosen professions.

Disclaimer Statement

Students are encouraged to check with their appropriate Colorado regulatory agency to confirm that the programs you complete with OnCourse Learning will satisfy your initial or renewal or licensing certification of that agency.

OnCourse Learning Leadership and Faculty

Mehul Patel Group President, Financial Services Adtalem Global Education

Todd Premo Chief Product Officer

Operating Hours

Our staff is available to answer telephone calls and emails Monday through Friday from 8:00 AM to 5:00 PM EST. The school will observe the following holidays: New Year’s Day, Memorial Day, Fourth of July, Labor Day, Veterans Day, Thanksgiving Day, and Christmas Day.

Notice to Students

Should you have any questions or difficulty regarding course content, our approved instructor will be glad to assist you and can be reached at 1-800-532-7649

Enrollment and Fees

OnCourse Learning does not discriminate based on race, sex, religion, ethnic origin, or disability. Prospective students may enroll anytime. There are no prerequisites for enrollment.

It is advisable to contact your state's Financial Services Board for information specific to becoming a financial agent in your state.

For our on-line programs, all students must complete the enrollment agreement form within the student orientation section of the online course.

Course enrollment and course registration are accomplished via the Internet at www.oncourselearning.com or by telephone at 877-878-3600. Course consultants are easily available by phone or at support@oncourselearning.com. Student questions are answered promptly and professionally

This is a 14-day course in which students must complete all coursework by 11PM EST on day 14 of the course. The final exam will not become available until all required modules are completed and assignments have been graded and approved. All assignments must be submitted by 6:30PM EST on the last day of the course. Students should plan accordingly to ensure they are available to complete all coursework by day 14 so they may receive course credit. Per NMLS guidelines, students who do not complete all coursework by the deadline will need to contact their account manager in order to register for another session; completed coursework will not be transferred to a new session, and rescheduling fees may apply.

In general, the State of Colorado requires all applicants be at least 18 years of age. Tuition is payable at the time of enrollment. Tuition is payable via Cash, Check, Visa, MasterCard, or American Express.

Placement Services

The school does not provide assistance or counseling for graduates in arranging interviews with potential employers. Current law prohibits any school from guaranteeing job placement as an inducement to enroll students.

Attendance Policy and Grading Policy

In order to get credit for our courses, you must complete 100% of the course (a 100% attendance rate.)

For Financial Services, students must take and pass a final exam based on the information presented throughout the course. Students must pass with a score of at least 70%. The final exam will not become available until all required assignments have been graded and approved by the instructor.

Students must successfully complete all required reading, course assignments, quizzes, and the final exam in order for course credit to be issued. If the final assessment is not passed on the first attempt, additional attempts will be permitted.

OnCourse Learning does not have a leave of absence policy or probationary period. Students are restricted to completing no more than 8 hours per day.

Student Conduct Policy

Students are expected to act in a manner, which will reflect credit on themselves, the school, and the real estate and appraisal foundation. Students will be expected to have the highest possible ethical standards and conduct themselves accordingly. The school has the right to dismiss any student which fails to adhere to and observe school regulations, is involved in illegal or unethical practices; dishonesty (cheating on exams) or cannot meet the standards of the school's approved academic and attendance requirements.

Previous Training Credit and Transferability

The school does not guarantee the transferability of its credits to any other institution unless there is a written agreement with another institution. It is solely up to the receiving school to determine whether credits will be accepted.

If a student has a transcript from another school showing completion of required courses and evidence of course approval by the appropriate Colorado regulatory authority, at the discretion of the school, credit may be given toward a program certificate. Acceptance of credit from another school shall not impact the refund policy.

Description of Facilities

As our courses are conducted online, students have the ability to take the course at a location and setting of their choice. Therefore, a description and floor plan of our school is not applicable.

Refund Policy

Students not accepted to the school are entitled to all moneys paid. Students who cancel this contract by notifying the school within three (3) business days are entitled to a full refund of all tuition and fees paid. Students, who withdraw after three (3) business days, but before commencement of classes, are entitled to a full refund of all tuition and fees paid except the maximum cancellation charge of $150.00 or 25% of the contract price, whichever is less. In the case of students withdrawing after commencement of classes, the school will retain a cancellation charge plus a percentage of tuition and fees, which is 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.

Student Files

OnCourse Learning maintains student records for a minimum of six years. Students have the right to access their school records or transcripts. If you would like access to your records, you may contact our Customer Service department at 800-229-2207 or via email at fs@oncourselearning.com to request a copy. OnCourse Learning will not release any student’s record without prior written consent of the student and only in compliance with the Family Educational Rights and Privacy Act (FERPA).

OnCourse Learning will preserve and protect all student records affected by any ownership change of the school.

Postponement of State Date

Postponement of a starting date, whether at the request of the school or the student, requires a written agreement signed by the student and the school. The agreement must set forth:

  • Whether the postponement is for the convenience of the school or the student, and;
  • A deadline for the new start date, beyond which the start date will not be postponed.

If the course is not commenced, or the student fails to attend by the new start date set forth in the agreement, the student will be entitled to an appropriate refund of prepaid tuition and fees within 30 days of the deadline of the new start date set forth in the agreement, determined in accordance with the school’s refund policy and all applicable laws and rules concerning the Private Occupational Education Act of 1981.

Student Grievance Procedure

Students may file a complaint online or in person with the Division of Private Occupational Schools of the Colorado Department of Higher Education at any time. Students are also encouraged to address any disagreements or conflict directly with OnCourse Learning with a written document outlining the complaint and communication with OnCourse Learning by contacting the Financial Services School Director, Bonnie Dryden at 443-391-5214 or via email at bdryden@oncourselearning.com. All communications regarding the complaint must be in writing and all meetings and communications will be documented in the student file. Every attempt at a satisfactory resolution will be made.

Complaint Filing

Complaints may be filed online with the Division of Private Occupational Schools of the Colorado Department of Higher Education:

Phone: (303) 862-3001

Web: http://highered.colorado.gov/dpos/

There is a two-year limitation (from the student’s last date of attendance) on the student filing a complaint.

Our Education Course Offerings

Program Title: 20 Hour CO SAFE Comprehensive: Colorado Applying Mortgage Knowledge to Exam Preparation (Pre-License Online)

Cost: $349.00

Financial Services Course Descriptions

20 Hour CO SAFE Comprehensive: Colorado Applying Mortgage Knowledge to Exam Preparation is a test-focused mortgage pre-licensing course, organized to review topics specifically outlined in the National Mortgage Loan Originator Test Content Outline

This course meets the federal mortgage training requirements found in the S.A.F.E. Mortgage Licensing Act of 2008 and helps to prepare students for the National Mortgage Loan Originator Test.

There are five modules in this course: Federal Mortgage-Related Laws, General Mortgage Knowledge, Mortgage Loan Origination Activities, Ethics, and Review of Colorado Mortgage Law. Topics in the Federal Mortgage-Related Laws section include RESPA, ECOA, TILA, and other federal laws and guidelines. In the General Mortgage Knowledge module, students will review mortgage programs, loan products, and terms used in the operation of the mortgage market. Focus areas in the Mortgage Loan Origination Activities module are application information and requirements, qualification (processing and underwriting), closing, and financial calculations. The Ethics module will address ethics as it pertains to federal mortgage laws and ethical behavior related to loan origination activities. The final module will review Coloradospecific laws and regulations related to mortgage loan origination.

This course meets the 20-hour Colorado-specific pre-licensing education requirement for loan originators, and offers a thorough review of the information and laws that license applicants must understand in order to make, broker, or originate loans in compliance with state and federal law.

Students will be presented with many practice test questions throughout this course to begin developing an understanding of how this vital information can be formed into test questions.



Refund Policy

Students not accepted to the school are entitled to all moneys paid. Students who cancel this contract by notifying the school within three (3) business days are entitled to a full refund of all tuition and fees paid. Students, who withdraw after three (3) business days, but before commencement of classes, are entitled to a full refund of all tuition and fees paid except the maximum cancellation charge of $150.00 or 25% of the contract price, whichever is less. In the case of students withdrawing after commencement of classes, the school will retain a cancellation charge plus a percentage of tuition and fees, which is 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.

Student is Entitled to Upon Withdrawal/Termination Refund
Within first 10% of program 90% less cancellation charge
After 10% but within first 25% of program 75% less cancellation charge
After 25% but within first 50% of program 50% less cancellation charge
After 50% but within first 75% of program 25% less cancellation charge
After 75% [if paid in full, cancellation charge is not applicable] NO Refund
  1. The student may cancel this contract at any time prior to midnight of the third business day after signing this contract.
  2. All refunds will be made within 30 days from the date of termination. The official date of termination or withdrawal of a student shall be determined in the following manner:

    a. The date on which the school receives written notice of the student’s intention to discontinue the training program; or

    b. The date on which the student violates published school policy, which provides for termination.

    c. Should a student fail to return from an excused leave of absence, the effective date of termination for a student on an extended leave of absence or a leave of absence is the earlier of the date the school determines the student is not returning or the day following the expected return date.

  3. The student will receive a full refund of tuition and fees paid if the school discontinues a Program/Stand-Alone course within a period of time a student could have reasonably completed it. OnCourse Learning will allow access to the purchased course for one year after enrollment date. Except that this provision shall not apply in the event the school ceases operation.
  4. The policy for granting credit for previous training shall not impact the refund policy.
  5. All refunds are processed within 30 days of termination or withdrawal.
  6. The Policy for granting credit for previous training shall not impact the refund policy.