What type of continuing education is required for Mortgage Loan Originators in Ohio?

Mortgage Loan Originators in Ohio are required to complete 8 hours of continuing education each year to maintain their licensure. This requirement includes a specific focus, with 3 of those hours dedicated to federal law. This structure ensures that MLOs remain well-informed about current regulations and best practices that govern the lending industry, particularly those dictated at the federal level.

This requirement is in place to enhance the professionalism and competency of mortgage loan originators, ensuring they are equipped to serve consumers effectively within the constantly evolving landscape of mortgage lending. The separation of hours into federal law, ethics, and general mortgage subjects helps MLOs to gain a comprehensive understanding of key areas that impact their daily responsibilities.