Effective 06/11/2008

Division of Banking
Department of Financial Institutions
345 W. Washington Avenue
4th Floor, P.O. Box 7876
Madison, WI 53707-7876
Ph: (608) 261-7578

Loan Officer - 16 Pre-Licensing CE Hours or Test

Loan Solicitor - 12 Pre-Licensing CE Hours or Test

Originator Licenses Expire Bi-Annually on a revolving basis

Lender Licenses Expire Bi-Annually on a calendar year

Summary

No loan officer license required for lenders. 10 year industry veterans need 6 CE hours bi-annually. All others need 20 CE hours every 2 years. Net Branch and Broker Loan Officers must be licensed. Those not in business as of 1/1/04 need 40 Pre-licensing LIVE CE hours, background check.

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