Let’s explore the MLO license education requirements in South Dakota. Aspiring MLO’s in South Dakota must complete 20 hours of NMLS-approved education. This comprehensive education encompasses 3 hours of federal law, 3 hours of ethics (addressing fraud, consumer protection, and fair lending), 2 hours of non-traditional mortgage lending, and 12 hours of elective education.
In South Dakota, there are no additional state-specific pre-licensing education requirements apart from the initial 20 hours of SAFE education. Once you have completed the 20 hours of SAFE education, you are prepared to take your exam. No further education is required.
In addition to successfully completing the MLO License Education requirements in South Dakota, it is imperative to pass the National MLO Exam and undergo a comprehensive criminal background check prior to obtaining your license. To navigate through the application process with ease, make use of the South Dakota MLO Application Checklist provided by the NMLS. This checklist serves as a valuable resource to guide you step-by-step, ensuring you meet all the necessary requirements.
MLO applicants in South Dakota are required to complete 20 hours of NMLS approved SAFE education prior to licensure. My Mortgage Trainer offers a range of format options for the 20-hour course to cater to your study needs and accommodate your schedule. Begin your journey towards MLO licensure in South Dakota with My Mortgage Trainer today. View our course and test preparation options here.
In addition to completing the pre-licensing education requirements in South Dakota, you must also pass the NMLS National MLO Exam and acquire your NMLS ID Number. We have developed informational videos to guide you through obtaining your NMLS ID, scheduling the exam, and excel with valuable tips. Subscribe to our YouTube Channel for more great tips and industry-related news!