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Frequently Asked QuestionsStudent: None
Question 1

How many hours do I need to renew my license?

Answer

8 hours are required to meet S.A.F.E. Act. Check with the state you are licensed in to see if they require additional state hours to renew.

Question 2

I have heard that you can't take the same course two years in a row. How do I know if I have taken the same course two years in a row?

Answer

If you are taking a course from us, you will NEVER take the same class two years ina row from us. We retire each class at year end. If you took a class from another provider, then you will not be taking the same course two years in a row if you take a class from us this year.

Question 3

Once I complete my renewal hours what happens next?

Answer

Power Training will bank your hours within 7 calendar days.  You should check under professional requirements and see that your hours have been banked.

Question 4

Will I receive a completion certificate and do I need it?

Answer

Yes you should have received a certificate of completion when you left class or it was emailed to you.

Question 5

Do I have a state and federal license to renew?

Answer

No, you only have a "state" license. NMLS is a "federal" repository for your data, but the license is issued by the state(s) that you have applied with.

Question 6

When can I start the renewal process and pay my licensing fees?

Answer

You will not be able to start the renewal process forthe coming yearuntil November 1st.

Question 7

What is the deadline to renew my license?

Answer

December 31st of each year.

Question 8

If I do not take my education and pay to renew my license by December 31st what happens?

Answer

If you take education in the year prior to renewal, but somehow do not renew by December 31st, or if you do not take your education by December 31st, then you will have to take"late" CE. These classes are only available online and we offer one. The dates education forlate CE are required arefrom January 1 - February 28th.

Question 9

My fingerprints and background check say expired. Do I need new ones?

Answer

You may. You must check the NMLS resource center to see if your state is requiring new fingerprints and background checks. For example, Texas is not requiring new ones.

Question 10

I am licensed but in-active. I now work for a registered company, do I need to keep my license? Is it the same as being registered?

Answer

The decision to keep your license is yours. However, realize that if you let your license expire, even if it is in-active, the license is no longer valid. If you allow our license to remain expired for 5 or more years then you will be subject to another 20 hour class and having to pass the federal exam again.




Thank you Juliana!! And ALL TEXAS LOAN OFFICERS should know that Juliana Brock provides the BEST required, yearly Continuing Education Courses, to keep licensed mortgage professionals on top of things and compliant!! I even fly back to Dallas, just to take HER courses, even though I can accomplish them online, etc. She is the BEST and she makes CE FUN!!!

2021 Power Training Inc | All rights reserved. Date: 06-21-2021 | NMLS Provider #1400059

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