---
kind: "section"
citation: "12 U.S.C. § 5105"
title: "12"
title_heading: "Banks and Banking"
number: "5105"
heading: "Standards for State license renewal"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5105"
units:
  - "Chapter 51 — Secure and Fair Enforcement for Mortgage Licensing"
---

# §5105. Standards for State license renewal

- (a) **In general—** The minimum standards for license renewal for [State-licensed loan originators](/usc/12/5102.md?p=12) shall include the following:
  - (1) The [loan originator](/usc/12/5102.md?p=4-A) continues to meet the minimum standards for license issuance.
  - (2) The [loan originator](/usc/12/5102.md?p=4-A) has satisfied the annual continuing education requirements described in [subsection (b)](#b).
- (b) **Continuing education for State-licensed loan originators—**
  - (1) **In general—** In order to meet the annual continuing education requirements referred to in [subsection (a)(2)](#a-2), a [State-licensed loan originator](/usc/12/5102.md?p=12) shall complete at least 8 hours of education approved in accordance with [paragraph (2)](#b-2), which shall include at least—
    - (A) 3 hours of Federal law and regulations;
    - (B) 2 hours of ethics, which shall include instruction on fraud, [consumer](/usc/12/5481.md?p=4) protection, and [fair lending](/usc/12/5481.md?p=13) issues; and
    - (C) 2 hours of training related to lending standards for the [nontraditional mortgage product](/usc/12/5102.md?p=7) marketplace.
  - (2) **Approved educational courses—** For purposes of [paragraph (1)](#b-1), continuing education courses shall be reviewed, and approved by the [Nationwide Mortgage Licensing System and Registry](/usc/12/5102.md?p=6).
  - (3) **Calculation of continuing education credits—** A [State-licensed loan originator](/usc/12/5102.md?p=12)—
    - (A) may only receive [credit](/usc/12/5481.md?p=7) for a continuing education course in the year in which the course is taken; and
    - (B) may not take the same approved course in the same or successive years to meet the annual requirements for continuing education.
  - (4) **Instructor credit—** A [State-licensed loan originator](/usc/12/5102.md?p=12) who is approved as an instructor of an approved continuing education course may receive [credit](/usc/12/5481.md?p=7) for the originator’s own annual continuing education requirement at the rate of 2 hours [credit](/usc/12/5481.md?p=7) for every 1 hour taught.
  - (5) **Limitation and standards—**
    - (A) **Limitation—** To maintain the independence of the approval process, the [Nationwide Mortgage Licensing System and Registry](/usc/12/5102.md?p=6) shall not directly or indirectly offer any continuing education courses for [loan originators](/usc/12/5102.md?p=4-A).
    - (B) **Standards—** In approving courses under this section, the [Nationwide Mortgage Licensing System and Registry](/usc/12/5102.md?p=6) shall apply reasonable standards in the review and approval of courses.

## Source credit

(Pub. L. 110–289, div. A, title V, § 1506, July 30, 2008, 122 Stat. 2816.)