Nevada
State PE and CE Requirements for MLOs
Pre-Licensure Education Requirements
New state-licensed MLOs are required to complete 30 hours of NMLS-approved education.
This education must include 3 hours of Federal law, 3 hours of ethics (which shall
include fraud, consumer protection, and fair lending issues), 2 hours of
non-traditional mortgage lending, 18 hours of undefined education (referred to as
electives) + 4 hours of NV law.
Important: Nevada has a requirement for
4 hours of instruction on state-specific law which may be satisfied by either
taking a NV comprehensive course or a state-specific elective course.
Number of hours is 3/3/2/18/+ 4hrs of NV law = 30
PE Expiration: Pending Enactment See the State Licensing Checklist Compiler for details.
Continuing Education Requirements
MLO/Qualified Employee: Every state licensed MLO (in any approved status) is
required to complete at least 8 hours of NMLS approved education annually beginning
the year they are licensed (unless PE was completed in the same year). Annual CE
education must include 3 hours of Federal law, 2 hours of ethics (which shall
include fraud, consumer protection, and fair lending issues), and 2 hours of
non-traditional mortgage lending, plus one additional hour of undefined education
(referred to as an elective).
Important: The Qualified Employee (QE) for
each office is required to take 1 hour of Nevada Law in lieu of the
elective.
Number of hours is 3/2/2/1 = 8
Note: NV requires 10 hours (3 State Specific) for Late CE completed for
2010-2017.
Additional Persons: N/A
Deadline
The deadline to complete CE is December 31. However, MLOs in Nevada are prohibited from applying to renew their license if they have not completed CE. Since it may take as long as seven (7) days for a course provider to report a course completion into NMLS, MLOs are strongly encouraged not to wait until the last minute to try to complete CE or they may be prevented from submitting for renewal on time.