Notice to Loan Originators and Mortgage Loan Originators Regarding 2013 Renewal Process

The Ohio Division of Financial Institutions encourages Loan Originators and Mortgage Loan Originators to file their annual renewals as soon as possible. The annual renewal period began on November 1 and ends December 31. Early renewals are being processed with quick turnaround times. As of the close of business on Friday, November 2, 2012, 161 licenses had already been issued.

To renew an Ohio license, Loan Originators and Mortgage Loan Originators are required to complete eight (8) hours of approved continuing education in order to meet the Secure and Fair Enforcement (SAFE) Act and the Ohio requirement of authorizing a new FBI background check.  In addition, Originators should check “license items” on NMLS to see if any other requirements have not been met. After resolving a license item deficiency, Originators should immediately notify the Division at webdfi-cf@com.state.oh.us so that the license item can be cleared. Directions for viewing license items are in the NMLS Status and Deficiency Quick Guide. After all SAFE Act and Ohio requirements have been met, including Continuing Education; Originators will be in renewal-eligible status. Failing to clear license items or submit supplemental documents to the Division will result in an incomplete application and your license will expire by law on December 31.

For guidance on how to renew an Originator license, please consult the NMLS Renewal Handbook for Individuals.

Please be aware that delaying your renewal process increases the possibility of not having your license renewed by January 1, 2013