In July, 2008 The Housing and Economic Recovery Act (Public Law 110-289) was enacted. Title V of the Law, “Secure and Fair Enforcement for Mortgage Licensing Act of 2008” or S.A.F.E. Mortgage and Licensing Act of 2008, established requirements for the licensing of Mortgage Loan Originators (MLOs). The S.A.F.E. Act requires MLOs to pass a qualified written test, to complete pre-licensure education courses, and to take annual continuing education courses. It requires the Nationwide Mortgage Licensing System and Registry or NMLS to approve pre-licensure and continuing education courses. The Act permits NMLS to charge reasonable fees in carrying out its requirements.
National Test With UST Outline
For additional information regarding test fees, scheduling, and availability, please see the Testing page of the NMLS Resource Center found here
All new applicants in the state of Louisiana hoping to become a sponsored mortgage loan originator must complete 20 hour of education with a NMLS approved provider.
Visit the NMLS state specific education map for additional state education requirements.
All licensees must complete 8 Hours of NMLS approved education each year to renew their license in the state of Louisiana.
Education questions? Mortgage Educators and Compliance can help. Call 877-403-1428 or email- education@MortgageEducators.com
All new applicants for the state of Louisiana must pass the NMLS national exam with UST component. The national exam with UST needs to be passed with a 75% or better.
All licensees must submit fingerprints through NMLS for a criminal background check.
All licensees must authorize a credit report through NMLS.
In order to schedule tests with a Test Delivery Vendor, mortgage loan originators first must request and pay for a test enrollment window in NMLS by using the Test Enrollments and Test Enrollment Cart functions.
Company Test Enrollment Quickguide
Indvidual Enrollment Quickguide
NMLS has set the following fees for Test Administration and required to be paid directly to the NMLS before enrollment.
National Component with UST – $110
120 questions; appointment time: 190 Minutes
Louisiana Unique State Component has been replaced with the UST.
Lake Charles:
Prometric Testing Center
Delta Tech
517 Broad Street
Lake Charles, LA 70601
337-433-9852
Center hours: Individual center hours vary. For specific information regarding center hours, please contact the local center or the National Call Center at 877-671-6657.
Click here to make an appointment online
Baton Rouge:
Prometric Testing Center
4354 S. Sherwood Forest Boulevard
Suite D-220
Baton Rouge, LA 70816
225-293-8489
Center Hours: Individual center hours vary. For specific information regarding center hours, please contact the local center or the National Call Center at 877-671-6657.
Click here to make an appointment online
Bossier City:
Prometric Testing Center
4350 Viking Drive
Suite 3
Bossier City, LA 71111
318-742-7349
Center hours: Individual center hours vary. For specific information regarding center hours, please contact the local center or the National Call Center at 877-671-6657.
Click here to make an appointment online
Metairie:
Prometric Testing Center
2424 Edenborn Avenue, Suite 190
Metairie, LA 70001
504-834-2155
THIS CENTER RE-OPENED FOR TESTING ON 10/10/05. Individual center hours vary. For specific information regarding center hours, please contact the local center.
Click here to make an appointment online
Additional questions regarding testing, enrollment and education please contact Mortgage Educators and Compliance . 877-403-1428 or nmls@MortgageEducators.com