Mortgage Loan Originator License License in Minnesota

Minnesota licenses mortgage loan originators through the Department of Commerce. The COS listing confirms the license is managed through the NMLS system with a $500 renewal fee and December 31 annual expiration. Under the SAFE Act, Minnesota MLOs must complete 20 hours of NMLS-approved pre-licensing education, pass the NMLS SAFE MLO Test, undergo a background check, and authorize a credit report. Minnesota requires 8 hours of annual continuing education for renewal. The state requires MLOs to be employed by a licensed residential mortgage originator or servicer. Minnesota does not require additional state-specific education beyond the federal minimum.