Nevada Mortgage License Requirements
Learn about the Nevada mortgage education requirements for mortgage licensing.
In the state of Nevada, 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.
- A review of the applicant’s compliance with any court ordered child support payments. Pursuant to NRS 645B.420, a person may not hold a license if he or she is not in compliance;
- Payment of the $185 Nevada application fee and the $25 Attorney General assessment;
- Applicant must be sponsored by a licensed mortgage broker, mortgage banker or exempt entity;
- Applicant may only be associated with one mortgage broker or mortgage banker;
- Applicant must be included on the Surety Bond held by the sponsoring company; and
- Applicant must be 18 years of age.
Nevada NMLS Pre-Licensing Education Requirements:
New state-licensed MLOs are required to complete 30 hours of NMLS-approved education. This includes:
- 3 hours of federal law
- 3 hours of ethics
- 2 hours of non-traditional mortgage lending
- 18 hours of electives
- 4 hours of Nevada state-specific education
Nevada 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
NOTE: Nevada requires 10 hours (3 state-specific) for late CE completed for 2010-2017
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.
Nevada Mortgage Licensing:
- Nevada Division of Mortgage Lending
- Phone: 775-684-7060
- Email: mldinfo@mld.nv.gov
- Website: http://mld.nv.gov/
NMLS Resources:
- Nevada MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing