Vermont Mortgage License Requirements
Learn about the Vermont mortgage education requirements for mortgage licensing.
In the state of Vermont, 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.
- Employed (W2) and sponsored by a company licensed as a lender, mortgage broker, and/or loan servicer by the State of Vermont. Dual sponsorship is not permitted.
- Licensed and in good standing in state of residence.
Vermont 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
- 10 hours of electives
- 2 hours of Vermont state-specific education
Note: PE must be completed during the 3 years immediately preceding the date of application.
Vermont 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
The deadline to complete annual CE is December 1st.
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.
Vermont Mortgage Licensing:
- Vermont Department of Financial Regulation
- Phone: 802-828-3307
- Email: dfr.licensing@vermont.gov
- Website: www.dfr.vermont.gov
NMLS Resources:
- To view the Vermont MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing
