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Mortgage Broker and Loan Officer Training in Illinois (IL) State Education Requirements

Illinois (IL)- Loan Officer Training & Mortgage Broker TrainingLive Classes available in this area:

Schaumburg, IL

Self Study CD Packages Available!
Learn About Self Study Classes

Online Courses Available!
Learn about Online Courses

Pre-Licensure Education:
All new applicants on or after 7/31/2009 must have completed 20 hours of NMLS
approved pre-licensure education, by
4/30/2010.

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

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 4/30/2010.

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 4/30/2010.

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

Credit Report:
All applicants licensed on or before 7/31/2009 must authorize a credit report
through NMLS by 4/30/2010.

All applicants licensed before 7/31/2009 must authorize a credit report through
NMLS by 12/31/2010.

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. State Approved Courses: • Loan Officer Boot Camp - 8 Hours # LO-100 Class Offered: Live, Online, Live Online, Self Study • Illinois CEU I - Residential Mortgage Lending Principals - 6 Hours Class Offered: Online • Illinois CEU II - Processing, Underwriting and Valuation - 6 Hours Class Offered: Online • Illinois CEU III - Understanding Credit Reports - 3 Hours Class Offered: Online • Illinois CEU IV - Federal Mortgage Law - 6 Hours Class Offered: Online • Illinois CEU V - FHA Loan Procedures, Process, and Understanding - 6 Hours Class Offered: Online 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.



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