Sec. 180.060. CONTINUING EDUCATION COURSES. (a) To renew a residential mortgage loan originator license, a license holder must annually complete the minimum number of hours and type of continuing education courses required by the S.A.F.E. Mortgage Licensing Act, the minimum requirements established by the Nationwide Mortgage Licensing System and Registry, and any additional requirements established by the regulatory official.
(b) Continuing education courses, including the course provider, must be reviewed and approved by the Nationwide Mortgage Licensing System and Registry as required by the S.A.F.E. Mortgage Licensing Act. Course credit must be granted in accordance with that Act.
(c) Nothing in this section precludes any continuing education course approved in accordance with the S.A.F.E. Mortgage Licensing Act from being provided by:
(1) the employer of the license holder;
(2) an entity affiliated with the license holder by an agency contract; or
(3) a subsidiary or affiliate of the employer or entity.
(d) A person who successfully completes continuing education requirements approved by the Nationwide Mortgage Licensing System and Registry for another state shall be given credit toward completion of the continuing education requirements of this section.
Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 1, eff. June 19, 2009.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 180 - Residential Mortgage Loan Originators
Subchapter B. Licensing and Registration Requirements
Section 180.051. State License Required; Renewal
Section 180.0511. Temporary Authority to Originate Loans
Section 180.052. Enrollment or Registration With Nationwide Mortgage Licensing System and Registry
Section 180.053. Application Form
Section 180.054. Criminal and Other Background Checks
Section 180.055. Issuance of License
Section 180.056. Prelicensing Educational Courses
Section 180.057. Testing Requirements
Section 180.058. Recovery Fund Fee or Surety Bond Requirement
Section 180.059. Standards for License Renewal
Section 180.060. Continuing Education Courses