Idaho Mortgage License Requirements
Learn about the Idaho mortgage education requirements for mortgage licensing.
In the state of Idaho, mortgage loan originators are required to:
- Complete a Criminal Background Check (CBC).
- Authorize a credit report through the NMLS.
- Fulfill all state and federal education requirements as designated by your state agency.
- Take and pass a National Test.
- Recovery Fund Payment.
- Sponsorship: Mortgage Loan Originators may not be sponsored by, or perform mortgage origination activities for more than one Idaho Mortgage Broker/Lender licensee simultaneously.
- Independent contractor mortgage loan processors and mortgage loan processors NOT engaged in loan origination activities may be sponsored by one or more Exempt Entity Registrants.
- Regulatory History: Applicant may not have had a mortgage loan originator license, or other mortgage related license, revoked in any governmental jurisdiction.
Idaho 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
- 10 hours of electives
- 2 hours of Idaho state-specific education
Idaho 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 Idaho 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.
Idaho Mortgage Licensing:
- Idaho Department of Finance
- Phone: 208-332-8002
- Email: mlo@finance.idaho.gov
- Website: finance.idaho.gov
NMLS Resources:
- Idaho MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing