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:

1. Complete a Criminal Background Check (CBC).
2. Authorize a credit report through the NMLS.
3. Fulfill all state and federal education requirements as designated by your state agency.
4. Take and pass a National Test.
5. 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: 801-538-8830
• 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