How many hours of continuing education must a loan originator licensee complete annually?

A loan originator licensee must complete eight hours of continuing education annually. This requirement ensures that licensees stay up-to-date with the latest industry practices, regulations, and ethical standards. The continuing education courses cover essential topics such as federal law, state law, and ethical practices relevant to loan origination. This structured learning helps maintain a high level of professionalism and competency in the mortgage industry, ultimately benefiting consumers and the market as a whole. Meeting this educational requirement is crucial for maintaining the integrity of the loan origination profession and ensuring that practitioners are informed about any changes in laws or best practices.