How to Get a Mortgage loan originator License in Rhode Island (2026)

Rhode Island Department of Business Regulation

Rhode Island Department of Business Regulation

the director of the department of business regulation (“director”), or the director’s designee, shall have the broad administrative authority to administer, interpret, and enforce this chapter

Last verified Oct 25, 2026

Open the official agency page

https://webserver.rilegislature.gov/Statutes/TITLE19/19-14.10/19-14.10-2.htm

the director of the department of business regulation (“director”), or the director’s designee, shall have the broad administrative authority to administer, interpret, and enforce this chapter

Last verified Oct 25, 2026

20 hours

20

(a) In order to meet the pre-licensing education requirement referred to in this chapter, a person shall complete at least twenty (20) hours of education approved in accordance with subsection (b), which shall include at least: (1) Three (3) hours of Federal law and regulations; (2) Three (3) hours of ethics, which shall include instruction on fraud, consumer protection, and fair-lending issues; (3) Two (2) hours of training related to lending standards for the nontraditional mortgage product marketplace; and (4) Three (3) hours of Rhode Island law and regulations.

Last verified Oct 25, 2026

NMLS-approved prelicensing education includes at least 3 hours federal law, 3 hours ethics, 2 hours nontraditional lending and 3 hours Rhode Island law.

NMLS-approved prelicensing education includes at least 3 hours federal law, 3 hours ethics, 2 hours nontraditional lending and 3 hours Rhode Island law.

(a) In order to meet the pre-licensing education requirement referred to in this chapter, a person shall complete at least twenty (20) hours of education approved in accordance with subsection (b), which shall include at least: (1) Three (3) hours of Federal law and regulations; (2) Three (3) hours of ethics, which shall include instruction on fraud, consumer protection, and fair-lending issues; (3) Two (2) hours of training related to lending standards for the nontraditional mortgage product marketplace; and (4) Three (3) hours of Rhode Island law and regulations.

Last verified Oct 25, 2026

Pass the qualified NMLS written test with at least 75 percent correct answers.

Pass the qualified NMLS written test with at least 75 percent correct answers.

(d)(1) An individual shall not be considered to have passed a qualified written test unless the individual achieves a test score of not less than seventy-five percent (75%) correct answers to questions.

Last verified Oct 25, 2026

8 hours

8

(a) In order to meet the annual continuing education requirements referred to in § 19-14.10-9, a licensed mortgage loan originator shall complete at least (8) hours of education approved in accordance with subsection (b), which shall include at least: (1) Three (3) hours of federal law and regulations; (2) Two (2) hours of ethics, which shall include instruction on fraud, consumer protection, and fair-lending issues; (3) Two (2) hours of training related to lending standards for the nontraditional mortgage product marketplace; and (4) One hour of Rhode Island law and regulations.

Last verified Oct 25, 2026

At least 3 hours federal law, 2 hours ethics, 2 hours nontraditional lending and 1 hour Rhode Island law annually.

At least 3 hours federal law, 2 hours ethics, 2 hours nontraditional lending and 1 hour Rhode Island law annually.

(a) In order to meet the annual continuing education requirements referred to in § 19-14.10-9, a licensed mortgage loan originator shall complete at least (8) hours of education approved in accordance with subsection (b), which shall include at least: (1) Three (3) hours of federal law and regulations; (2) Two (2) hours of ethics, which shall include instruction on fraud, consumer protection, and fair-lending issues; (3) Two (2) hours of training related to lending standards for the nontraditional mortgage product marketplace; and (4) One hour of Rhode Island law and regulations.

Last verified Oct 25, 2026

$400

400

Each mortgage-loan originator license, the sum of four hundred dollars ($400)

Last verified Oct 25, 2026

Each licensee must pay an annual license fee as follows: … Each mortgage-loan originator license, the sum of four hundred dollars ($400)

1

Each licensee shall pay an annual license fee as follows: … Each mortgage-loan originator license, the sum of four hundred dollars ($400)

Last verified Oct 25, 2026

Any licensee who must not pay the annual fee by December 31 of each year must be subject to a daily penalty of twenty-five dollars ($25) per day, subject to a maximum of seven hundred fifty dollars ($750).

Any licensee who shall not pay the annual fee by December 31 of each year shall be subject to a daily penalty of twenty-five dollars ($25) per day, subject to a maximum of seven hundred fifty dollars ($750). Applies to: Annual license fee payment for Rhode Island mortgage loan originators

Any licensee who shall not pay the annual fee by December 31 of each year shall be subject to a daily penalty of twenty-five dollars ($25) per day, subject to a maximum of seven hundred fifty dollars ($750).

Last verified Oct 25, 2026

NMLS-approved prelicensing education for any state is accepted as credit toward Rhode Island requirements.

NMLS-approved prelicensing education for any state is accepted as credit toward Rhode Island requirements.

The pre-licensing education requirements approved by the Nationwide Mortgage Licensing System and Registry for any state shall be accepted as credit towards completion of pre-licensing education requirements in Rhode Island.

Last verified Oct 25, 2026

Open the official agency page

https://webserver.rilegislature.gov/Statutes/TITLE19/19-14.10/19-14.10-5.htm

In connection with an application for licensing as a mortgage loan originator, the applicant shall, at a minimum, furnish to the Nationwide Mortgage Licensing System and Registry information concerning the applicant’s identity, including:

Last verified Oct 25, 2026

Mortgage loan originators generally must obtain and maintain an annual state license for dwellings in Rhode Island; statutory exemptions apply.

Mortgage loan originators generally must obtain and maintain an annual state license for dwellings in Rhode Island; statutory exemptions apply.

(a) An individual, unless specifically exempted from this chapter under subsection

Last verified Oct 25, 2026

Applications require fingerprints, personal history and authorization for a credit report through NMLS.

Applications require fingerprints, personal history and authorization for a credit report through NMLS.

(1) Fingerprints for submission to the Federal Bureau of Investigation, and any governmental agency or entity authorized to receive such information for a state, national, and international criminal history background check; and (2) Personal history and experience in a form prescribed by the Nationwide Mortgage Licensing System and Registry, including the submission of authorization for the Nationwide Mortgage Licensing System and Registry and the director to obtain: (i) An independent credit report obtained from a consumer reporting agency described in § 603(p) of the Fair Credit Reporting Act, 15 U.S.C. § 1681a(p); and

Last verified Oct 25, 2026