Texas Adopts Pre-Licensing Education Provisions

The Finance Commission of Texas has implemented provisions regarding pre-licensing education. These provisions are effective as of January 4, 2018.

One provision requires that an individual who has completed the twenty hours of pre-licensing education required by the S.A.F.E Mortgage Licensing Act but fails to obtain a valid license within five years from the date of completion must retake the twenty hours of pre-licensing education to be eligible for licensure.

Similarly, an individual who obtains a valid residential mortgage loan originator license but fails to maintain it for five consecutive years must also retake the twenty hours of pre-licensing education to be eligible for licensure.

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Elizabeth Dailey, JD, is a regulatory compliance consultant with Bankers Advisory. She is a graduate of the University of New Hampshire and earned her juris doctor at New England Law. She is admitted to the Massachusetts Bar.

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