Virgin Islands Mortgage License Requirements
Learn about the Virgin Islands mortgage education requirements for mortgage licensing.
In the state of Virgin Islands, mortgage loan originators are required to:
- Complete a Criminal Background Check (CBC).
- Authorize a credit report through the NMLS that demonstrates financial responsibility.
- Fulfill all state and federal education requirements as designated by Virgin Islands.
- Take and pass a National Test.
- Provide proof of Corporate Registration.
Virgin Islands 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
Virgin Islands 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.
Virgin Islands Mortgage Licensing:
- Virgin Islands Division of Banking and Insurance
- Phone: 340-774-7166
- Email: gail.danet-joseph@lgo.vi.gov
- Website: ltg.gov.vi/division-of-banking-and-insurance.html
NMLS Resources:
- Virgin Islands MLO License Description Page
- Professional Standards: Mortgage Education
- Professional Standards: Criminal Background Check
- Professional Standards: Credit Report
- Professional Standards: MLO Testing