Minnesota Mortgage License Requirements
Learn about the Minnesota mortgage education requirements for mortgage licensing.
In the state of Minnesota, 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 both a National Component and Minnesota State Component Test.
Minnesota 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
- 12 hours of electives
Minnesota 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 Minnesota state-specific education
Note: MN requires 1 hour of State specific CE even for those that completed CE prior to Aug. 1, 2018.
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.
Minnesota Mortgage Licensing:
- Minnesota Department of Commerce
- Phone: 651-539-1570
- Email: mortgage.commerce@state.mn.us
- Website: mn.gov/commerce
NMLS Resources:
- Minnesota MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing
