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

Vermont Department of Financial Regulation, Banking Division

Vermont Department of Financial Regulation, Banking Division

A sole proprietor licensed as a mortgage broker or mortgage lender by the Vermont Banking Division is required to be licensed as mortgage loan originator in Vermont

Last verified Oct 25, 2026

Open the official agency page

https://dfr.vermont.gov/banking/financial-services/mortgage-loan-originator

A sole proprietor licensed as a mortgage broker or mortgage lender by the Vermont Banking Division is required to be licensed as mortgage loan originator in Vermont

Last verified Oct 25, 2026

Open the official agency page

https://dfr.vermont.gov/banking/financial-services/mortgage-loan-originator

The State of Vermont participates in the Nationwide Multistate Licensing System (NMLS) . All applications for a lender license must be submitted through NMLS.

Last verified Oct 25, 2026

20 hours

20

a person shall complete at least 20 hours of education approved in accordance with subsection (b) of this section

Last verified Oct 25, 2026

Includes 2 hours of Vermont law and regulations.

Includes 2 hours of Vermont law and regulations.

(4) two hours of Vermont law and regulations.

Last verified Oct 25, 2026

National Test Component with Uniform State Content is an accepted testing pathway.

National Test Component with Uniform State Content is an accepted testing pathway.

National Test Component with Uniform State Content

Last verified Oct 25, 2026

$50

50

For an application for a mortgage loan originator license under chapter 73 of this title, $50.00 as a license fee and $50.00 as an application and investigation fee.

Last verified Oct 25, 2026

$50

50

For an application for a mortgage loan originator license under chapter 73 of this title, $50.00 as a license fee and $50.00 as an application and investigation fee.

Last verified Oct 25, 2026

$100

100

The annual license or registration renewal fee shall be: … For a mortgage loan originator license under chapter 73 of this title, $100.00.

Last verified Oct 25, 2026

8 hours

8

a licensed mortgage loan originator shall complete at least eight hours of education approved in accordance with subsection (b) of this section

Last verified Oct 25, 2026

3 hours federal law and regulations; 2 hours ethics including fraud, consumer protection and fair lending; 2 hours nontraditional mortgage lending standards

3 hours federal law and regulations; 2 hours ethics including fraud, consumer protection and fair lending; 2 hours nontraditional mortgage lending standards

(1) three hours of federal law and regulations; (2) two hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues; and (3) two hours of training related to lending standards for the nontraditional mortgage product marketplace.

Last verified Oct 25, 2026

Education credit: NMLS-approved federal, ethics and nontraditional-mortgage prelicensing education for another state is accepted toward Vermont's requirement.

Education credit: NMLS-approved federal, ethics and nontraditional-mortgage prelicensing education for another state is accepted toward Vermont's requirement.

The prelicensing education requirements approved by the Nationwide Multistate Licensing System and Registry in subdivisions (a)(1), (2), and (3) of this section for any state shall be accepted as credit toward completion of prelicensing education requirements in Vermont.

Last verified Oct 25, 2026

Licensure covers individuals taking applications, offering or negotiating residential mortgage terms, or advertising those services for compensation or gain.

Licensure covers individuals taking applications, offering or negotiating residential mortgage terms, or advertising those services for compensation or gain.

Any natural person who for compensation or gain or in the expectation of compensation or gain: (a) takes a residential mortgage loan application; (b) offers or negotiates terms of a residential mortgage loan; (c) represents to the public, through advertising or other means of communicating or providing information that such individual can or will perform the services described in (a) & (b).

Last verified Oct 25, 2026

Employed (W2) and sponsored by a company licensed as a lender and/or mortgage broker by the State of Vermont. Dual sponsorship is not permitted.

Must be a W-2 employee sponsored by a Vermont-licensed lender or mortgage broker; dual sponsorship is not permitted.

Employed (W2) and sponsored by a company licensed as a lender and/or mortgage broker by the State of Vermont. Dual sponsorship is not permitted.

Last verified Oct 25, 2026

The initial licensing period terminates on the last day of the current calendar year.

The initial licensing period terminates on the last day of the current calendar year.

the applicant shall pay to the Commissioner a fee for investigating the application and a license or registration fee for a period terminating on the last day of the current calendar year.

Last verified Oct 25, 2026

1 years

1

On or before December 1 of each year, every licensee shall renew its license or registration for the next succeeding calendar year

Last verified Oct 25, 2026

On or before December 1 of each year, every licensee must renew its license or registration for the next succeeding calendar year and must pay to the Commissioner the applicable renewal of license or registration fee.

On or before December 1 of each year, every licensee shall renew its license or registration for the next succeeding calendar year and shall pay to the Commissioner the applicable renewal of license or registration fee. Applies to: Vermont mortgage loan originator licenses

On or before December 1 of each year, every licensee shall renew its license or registration for the next succeeding calendar year and shall pay to the Commissioner the applicable renewal of license or registration fee.

Last verified Oct 25, 2026