Alabama State Licensing Requirements
State Banking Department
P.O. Box 4600 Montgomery, AL
High School Diploma or GED
20 Hours PE
8 Hours CE
Brick and Mortar State: No
Expiration: Dec. 31 annually
License Fee: $105, including the NMLS processing fee.
Lender/Broker net worth: $25,000
Who is required to be licensed
Any individual who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application, or offers or negotiates terms of a residential mortgage loan. This will include any independent contract loan processors or underwriters.
Pre-Requisites for license applications
For Questions Regarding Licensure
Need to purchase Pre-Licensing or Continuing Education Courses?
Use the links below for course schedules and information about NMLS Approved Pre-licensing Education (PE) or Continuing Education (CE).
NMLS Requirements and Fees
Processing Fees for State Licensure
|Criminal Background Check|| Livescan $36.25 |
Print Card Capture $36.25, plus $10 Card Packet Fee = $46.25
This Criminal Background Check fee is assessed each time a new request is submitted unless a previously submitted Criminal Background Check authorization is in a "Pending" status.
Click here for more information about the Criminal Background Check process.
|Testing|| $110 National Test |
Test length is 190 Minutes. 125 questions are asked, only 115 are scored. The test must be scheduled through Prometric.
Click here for more information about the NMLS Testing process
|Credit Report|| $15 |
This fee will be charged at each new application for licensing if it does not contain a credit report that is less than 30 days old. Single charge regardless of how many licenses are applied for in a single filing.
Click here for more information about the NMLS Credit Check process
Notice: The information provided on this page is not legal advice and is shared for educational purposes only. The information provided is not a complete statement of all licensing requirements, additional licensing requirements may be required by state and/or other agencies.
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My Mortgage Trainer Home Page
My Mortgage Trainer Course Catalog
SAFE 20 Hour Pre-licensing Courses and Study Material
SAFE 7 & 8 Hour Continuing Education Courses
My Mortgage Trainer Current Webinar Schedule
My Mortgage Trainer is approved by the NMLS to deliver National Pre-licensing and Continuing Education in all 50 states. NMLS Approved Course Provider #1400080.