{"data":{"id":"us-nc/n.c.-gen.-stat.-53-244.070","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53-244.070","heading":"Educational requirements for mortgage loan originators.","body":"(a)\tTo be eligible for a mortgage loan originator license, an individual shall complete at least 24 hours of prelicensing education approved in accordance with subsection (b) of this section, which shall include all of the following:\n(1)\tThree hours of federal statutes and regulations.\n(2)\tThree hours of ethics, including instruction on fraud, consumer protection, and fair lending issues.\n(3)\tTwo hours of training related to lending standards for the nontraditional mortgage product marketplace.\n(4)\tFour hours of North Carolina statutes and rules.\n(b)\tPrelicensing education courses and the course providers shall be reviewed and approved by the NMLS.\n(c)\tNothing in this section precludes any prelicensing education course, approved by the NMLS, that is provided by the applicant's employer or a subsidiary or affiliate of the applicant's employer.\n(d)\tExcept as provided in subsection (e) of this section, prelicensing education may be offered only in a classroom or classroom equivalent setting, as approved by the NMLS.\n(e)\tIf an individual successfully completes the prelicensing educational requirements in another state and the requirements have been approved by the NMLS, the applicant shall be given credit for those hours toward the completion of the prelicensing requirements in this State, other than the hours required under subdivision (a)(4) of this section.\n(f)\tAn individual previously licensed under this Article whose license expires and who requests late renewal pursuant to G.S. 53-244.101 shall prove that the individual has completed all of the continuing education requirements for the preceding year. (2009-374, s. 2; 2025-43, s. 1.)","path":["Chapter 53. Regulation of Financial Services.","Article 19B. The Secure and Fair Enforcement Mortgage Licensing Act.","Part 1. Application, Licensing, Examination, and Enforcement."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53/GS_53-244.070.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:12Z","sha256":"bc8f840044add70523e8b3fb364aa53c75bc7bd32ca0a51de46bc050f965859f","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53-244.060","next":"us-nc/n.c.-gen.-stat.-53-244.080"},"notice":"GroundRules: Original legal text. Not legal advice."}