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.