What is the annual renewal period?
Can I carry over continuing education hours from one renewal cycle to the next? No. Course credits earned during one renewal period may not be carried over to the next licensing period. What happens if I don’t complete my continuing education requirement? Any licensee that fails to comply with any of the requirements may be fined up to $2000 for each offense and/or have its license suspended, revoked, or not renewed. What are the requirements to be a Loan Originator in Pennsylvania? You’re required by Pennsylvania law to apply for a license. Click here for the Loan Correspondent license application and instructions. What is the SAFE Mortgage Licensing Act? SAFE stands for Secure and Fair Enforcement for Mortgage Licensing Act of 2008. The law went into effect July 2008. It is Title V of a 700-page piece of legislation entitled the Housing and Economic Recovery act of 2008. The Act is designed to protect consumers by requiring states to use uniform standards for licensing individuals wa