Mississippi Mortgage License Requirements
Application Requirements to become licensed in Mississippi:
| Description | Requirement |
|---|---|
| Temporary Authority to Operate Eligible | Yes |
| Application Fee | $0.00 |
| License Registration Fee | $201.00 |
| NMLS Processing Fee | $35.00 |
| Sponsorship Fee* | $101.00 |
| Credit Report Required | $15.00 |
| Criminal Background Check Required | $36.25 |
| Testing Required | Yes, passing score of 75% or higher |
| SAFE MLO Test Cost | $110.00 |
| Work Remote Allowed | No |
*Note: A sponsorship request must be submitted by your employer. MS will review and accept or reject the sponsorship request.
Mississippi 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
8 hours of electives
4 hours of Mississippi state-specific education
Mississippi 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.
Mississippi Department of Banking and Consumer Finance Contact Info:
Email: mortgage@dbcf.ms.gov
Website: https://www.dbcf.ms.gov/
