Code of Colorado Regulations
700 - Department of Regulatory Agencies
725 - Division of Real Estate
4 CCR 725-3 - MORTGAGE LOAN ORIGINATORS AND MORTGAGE COMPANIES
Chapter 3 - CONTINUING EDUCATION REQUIREMENTS

Universal Citation: 700 CO Code Regs 3

Current through Register Vol. 47, No. 17, September 10, 2024

3.1. The continuing education requirements for Mortgage Loan Originators will begin after issuance of the initial license.

A. Mortgage Loan Originators will complete at least eight (8) hours of continuing education courses, which must be reviewed and approved by the NMLS or by a company contracted by the NMLS to review and approve continuing education courses.

B. The continuing education requirements must be completed each calendar year prior to renewal or reinstatement.

3.2. Completion of the twenty (20) hours of pre-licensing education approved by the NMLS in the same year in which the initial license was approved will satisfy the continuing education requirements in that calendar year.

3.3. REPEALED (Effective March 1, 2016)

3.4. REPEALED (Effective March 1, 2016)

3.5. At any time and at no cost, the Board or the Board's authorized representative may audit any continuing education courses reviewed and approved by the NMLS or by a company contracted by the NMLS to review and approve continuing education courses. The Board or the Board's authorized representative may request all related instructional materials, student attendance records, and other information that may be necessary for the audit. The purpose of the audit is to ensure adherence to the approved course of study by verifying the course material and instruction are consistent with acceptable educational principles; and that instruction is provided in a manner that the desired learning objectives are met. Failure to comply with relevant statutes and these Rules may result in the withdrawal of the approval of the course provider, instructor, and/or the course.

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