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
- 10 hours of non-traditional mortgage lending training
- 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
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.NMLS1@state.vt.us
- 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