A mortgage broker employs a loan officer to provide mortgages to prospective homeowners. Earning your mortgage broker license in New Jersey should be considered an investment well worth your time. The PE Expiration Policy was created for those who must retake their pre-licensure education courses because they did not get a valid mortgage license within three years from their last date of licensure.
This policy is still pending in New Jersey but will be adhered to soon. Any MLO who wants to renew their license is required to take 12 hours of annual continuing education courses. These education requirements include:. Get your online course bundle or CE course today. Mortgage Educators and Compliance is here to answer any additional questions that you may have in regards to your New Jersey mortgage license.
For additional questions, feel free to call us at or email us at 20hour MortgageEducators. New Jersey Education Bundle. A four-function calculator is available on screen as part of your test. Erasable Note Boards. Test Center Delivery: Erasable note boards and pens will be provided to you upon admittance to the testing room. If you need additional note boards or pens, please alert the Test Center Personnel. The note boards and pens must be returned at the end of your test.
An online scratch pad is available on screen as part of your test. Restroom Breaks. Test Center Delivery: Restroom breaks are permitted; however, the time on your test will continue to count down.
You will be asked to sign the logbook and show your identification both when exiting and re-entering the testing room.
Per NMLS testing policies, you are not permitted to leave the building during an unscheduled break unless required to do so to use the bathroom facilities. You will not be permitted to access any study materials, make any phone calls, access electronic media or your locker during an unscheduled break. If you need to access an item stored in the test center locker during an unscheduled break, such as food or medicine, you must notify the Test Center Personnel before you retrieve the item.
You are not permitted to access any personal item as referenced above. Online Test Delivery: Restroom breaks are permitted; however, the time on your test will continue to count down.
Notify your proctor if you need to take an unscheduled break. Upon return from an unscheduled break, a security check will be performed. Per NMLS testing policies, you will not be permitted to access any study materials, make any phone calls, or access electronic media during an unscheduled break.
If you need to reschedule an appointment you will need to contact Prometric no later than pm in the time zone where the test is being taken two business days prior to the scheduled appointment. You will need to provide Prometric with your confirmation number. There is no charge for rescheduling or canceling an appointment if the change is made in a timely manner. Untimely cancellation of a test or failing to show for an appointment will result in the test enrollment window being closed, and the candidate must request and pay for a new enrollment window prior to scheduling a new test appointment.
You can work at home, at the office, wherever is the most convenient for you! We are available Monday-Friday, 8 a. PST at A total of 24 credit hours, including 3 hours of Ethics, of approved continuing education are required. Are there required courses if I want to sell or do sell annuities, long term care or flood insurance? There are additional courses required if you sell or wish to sell annuities, flood insurance or long-term care products.
All states require licensees who sell flood insurance to complete a one-time course that is at least three hours in length. Several states require courses to represent annuity products and long-term care products. When does the requirement need to be met? CE is due every 2 years on the last day of your birth month.
Your course work should be completed well before the expiration date to receive your renewed license in a timely manner. Can excess credits be carried over from one license period to the next? Excess credits may not be carried over from one license period to the next.
May I duplicate a course? A duplicated course will only be awarded once towards your CE requirement. You may repeat the course as long as it is taken in different compliance periods.
Once enrolled, your Table of Contents will serve as your roadmap for completing the course. You will be given access to lesson material, multimedia reviews, quizzes and a final exam.
To demonstrate course completion, you will need to read the lesson material, pass all quizzes and pass the final exam.
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