Pre-Licensure Education:
All new applicants on or after 7/31/2009 must have completed 20 hours of NMLS
approved pre-licensure education, by6/30/2010.

Existing licensees as of 7/30/2009 may complete and certify 20 hours of state 
approved pre-licensure education by 12/31/2009.

Existing licensees as of 7/30/2009 who do not complete and certify 20 hours of
state approved pre-licensure education by 12/31/2009 must have completed 20
hours of NMLS approved pre-licensure education by 12/31/2010.

State approved courses will no longer be accepted after 12/31/2009.

Continuing Education:
All licensees must take 8 hours of NMLS approved continuing education in 2010 in
order to renew for 2011, unless PE was completed in 2010.

SAFE MLO Test:
Existing licensees on or after 7/31/2009 must pass the National and State
Components of the SAFE MLO Test by 6/30/2010. However, all loan
originators in this category are strongly encouraged to take the
National and State Component of the SAFE MLO Test no later than May 31, 2010.

All applicants licensed before 7/31/2009 must pass the National and State
Components of the SAFE MLO Test by 12/31/2010. 

Criminal Background Check:
All new applicants licensed on or before 7/31/2009 must submit fingerprints
through NMLS for a criminal background check by 6/30/2010.

All applicants licensed before 7/31/2009 must submit fingerprints through NMLS
for a criminal background check by 12/31/2010.

Credit Report:
All licensees will be required to authorize a credit report through NMLS
between October 2010 and March 1, 2011.

Regulatory Agency:
Illinois Division of Banking
500 East Monroe
Springfield, IL 62701
Ph: 217.782.3000	
http://www.obre.state.il.us/default2.htm.

For more information about this state's licensing requirements CLICK HERE.

Please Note:  The contents contained on this web page are for informational purposes only.  

State requirements often change.  Please visit your state web site for the most up-to-date information.  

This information should not be interpreted as legal advice.