TSML Advisory Committee - by Connie Hearn

STATE LEGISLATION

Commissioner Foster recently reported that there is effort being made by the Texas Savings and Mortgage Lending department to convince the NMLS to count the core education classes previously taken by currently licensed Brokers toward the 20 hours of pre-licensing education required by the SAFE Act. HUD continues to demand that everyone must take the Federal licensing test conducted online by NMLS but the State licensing test requirement may be met with the states’ pre-licensing tests already taken. We congratulate Commissioner Foster and his staff for this make-sense approach to meeting the requirements of SAFE. DFWAMB will keep you informed as this evolves.