What are the requirements to obtain an MLO license in Georgia?
Several Georgia MLO license requirements must be met before obtaining a license.
- Complete 20 hours of NMLS approved pre-licensing coursework (the 20 Hour SAFE Comprehensive course).
- Sit for the National Mortgage Loan Originator test and pass the exam.
- Pay the required license fees through the Nationwide Multistate Licensing Service (NMLS). Attach the application with details of residency and employment history.
- Complete fingerprinting to clear criminal background checks by the state and federal agencies.
- Submit a credit report that proves you can take financial responsibility.
- Be covered under an employer’s lending bond or obtain an individual surety bond.
The Georgia Department of Banking and Finance (GADBF) issues an MLO license in Georgia after these conditions are met.
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