Utah - DFI Mortgage License Requirements
Learn about the Utah (DFI) mortgage education requirements for mortgage licensing.
In the state of Utah (DFI), 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 Surety Bond in a minimum amount of $12,500 or more depending on origination volume.
Utah (DFI) 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
Utah (DFI) 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.
Utah (DFI) Mortgage Licensing:
- Utah Department of Financial Institutions
- Phone: 801-538-8834
- Email: astaheli@utah.gov
- Website: www.dfi.utah.gov
NMLS Resources:
- Utah (DFI) MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing