Mortgage Pre-Licensing State Law Courses Change Format as of November 1, 2019

In accordance with NMLS regulations, starting on November 1, 2019, all standalone state law Online Instructor Led (OIL) pre-licensing courses will now be delivered in an Online Self-Paced (OSP) course format*.

What does this mean for Mortgage Lenders?

  • State OIL pre-licensing classes are no longer available.
  • Starting November 1st, all state law pre-licensing classes are now available in Online Self-Paced (OSP) format.
  • Students no longer need to complete the course on a specific date. Instead, they will have one year from the date of purchase and can complete the course at any time of the day.
  • Courses will remain the same amount of hours as they are currently and stay as a timed course.
  • Courses will incorporate BioSig in order to meet NMLS requirements.
  • *This mortgage course format change does not affect the 20 HR federal course which will still be required in the OIL, webinar or live class format.

Visit www.oncourselearning.com/mortgage to purchase your new mortgage pre-license courses.

By |2019-11-01T14:31:42-06:00November 1st, 2019|Business, Resources|0 Comments

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