How many hours of continuing education are required annually for licensed mortgage loan originators in North Carolina?

In North Carolina, licensed mortgage loan originators are required to complete 8 hours of continuing education annually. This requirement helps ensure that loan originators stay updated on the latest regulations, industry practices, and consumer protection laws that can affect their profession. The specific 8-hour curriculum typically includes 3 hours of federal law, 2 hours of ethics, and 2 hours of non-traditional mortgage product training. This education is essential for maintaining proficiency and providing quality service to clients, which is why such a standard is enforced. Keeping current with industry knowledge through these hours of continuing education is crucial for compliance and effectiveness in the role of a mortgage loan originator.