Guam Mortgage License Requirements
Learn about the Guam mortgage education requirements for mortgage licensing.
In the state of Guam, mortgage loan originators are required to:
- 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 Guam.
- Take and pass a National Test.
- Be sponsored by a Guam-licensed company.
Guam 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
Guam 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.
Guam Mortgage Licensing:
- Guam Department of Revenue and Taxation
- Phone: (671) 635-1833,7664,7688,7689
- Email: alice.cruz@revtax.guam.gov AND robert.tongson@revtax.guam.gov
- Website: www.guamtax.com
NMLS Resources:
- Guam MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing