12 USC § 5105 - Standards for State license renewal

---
identifier: "/us/usc/t12/s5105"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5105 - Standards for State license renewal"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5105"
section_name: "Standards for State license renewal"
chapter_number: 51
chapter_name: "SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 110–289, div. A, title V, § 1506, July 30, 2008, 122 Stat. 2816.)"
---


# § 5105. Standards for State license renewal

**(a)** **In general** The minimum standards for license renewal for State-licensed loan originators shall include the following:

**(1)** The loan originator continues to meet the minimum standards for license issuance.

**(2)** The loan originator has satisfied the annual continuing education requirements described in subsection (b).

**(b)** **Continuing education for State-licensed loan originators**

**(1)** **In general** In order to meet the annual continuing education requirements referred to in subsection (a)(2), a State-licensed loan originator shall complete at least 8 hours of education approved in accordance with paragraph (2), which shall include at least—

**(A)** 3 hours of Federal law and regulations;

**(B)** 2 hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues; and

**(C)** 2 hours of training related to lending standards for the nontraditional mortgage product marketplace.

**(2)** **Approved educational courses** For purposes of paragraph (1), continuing education courses shall be reviewed, and approved by the Nationwide Mortgage Licensing System and Registry.

**(3)** **Calculation of continuing education credits** A State-licensed loan originator—

**(A)** may only receive credit for a continuing education course in the year in which the course is taken; and

**(B)** may not take the same approved course in the same or successive years to meet the annual requirements for continuing education.

**(4)** **Instructor credit** A State-licensed loan originator who is approved as an instructor of an approved continuing education course may receive credit for the originator’s own annual continuing education requirement at the rate of 2 hours credit for every 1 hour taught.

**(5)** **Limitation and standards**

**(A)** **Limitation** To maintain the independence of the approval process, the Nationwide Mortgage Licensing System and Registry shall not directly or indirectly offer any continuing education courses for loan originators.

**(B)** **Standards** In approving courses under this section, the Nationwide Mortgage Licensing System and Registry shall apply reasonable standards in the review and approval of courses.

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**Source Credit**: (Pub. L. 110–289, div. A, title V, § 1506, July 30, 2008, 122 Stat. 2816.)