1. Why do I now have to take a 100-question Final examination?
Due to recent changes to Chapter 494.00295(3)(b), F. S., all distance education course participants must successfully complete a 100-question Final Examination that comprehensively covers the course material. A minimum of a 75 percent passing score must be achieved.
2. Can I take the course from Bert Rodgers Schools online? We currently are not offering the course online. Chapter 494.00295(3)(a), F. S., now mandates that all online Professional Continuing Education courses require participants to log 14 hours of time in the course. We are currently updating our online Learning Management System to have a timing mechanism.
3. Do you offer courses in a classroom setting?
We only offer distance education courses. We feel that distance education is a much better alternative for busy professionals.
4. Once I order a course packet, how long does it take to receive it?
We send your course packet First-Class Mail® within 2 business days. Depending on your location it can take anywhere from 2 to 5 days to receive it.
5. Is Professional Continuing Education required before we can renew our current Lender license by August 31, 2008?
Yes, Lenders must certify that their Principal Representative and Loan Originators have had at least 14 hours of Professional Continuing Education from an accredited Mortgage Business School within the past 2 years.
6. When are Principal Representatives and Loan Originators of a licensed Lender required to complete their 14 hours of Professional Continuing Education?
Prior to submission of the Lender’s renewal form which is due by August 31, 2008. At the time of the Lender’s renewal, the licensee must certify that their Principal Representative and Loan Originators have had at least 14 hours of Professional Continuing Education from an accredited Mortgage Business School within the past 2 years.
7. Is 14 hours of Professional Continuing Education required before my August 30, 2009 Mortgage Broker license renewal?
Yes, all persons licensed as a Mortgage Broker must complete 14 hours of Professional Continuing Education prior to August 31, 2009. However, Chapter 494.00295(1), F. S., provides for one exception. The requirements for Professional Continuing Education are waived for the August 31, 2009 license renewal of a Mortgage Broker who has completed the 24-hour Pre-Licensing classroom education requirement within 90 days prior to August 31, 2009.
8. My Mortgage Broker license is currently INACTIVE as I did not renew in August 2007. Is my Professional Continuing Education required before I can reactivate my inactive individual Mortgage Broker license for the period 2007-2009?
Yes, you will need to obtain a reactivation form from the Office of Financial Regulation and you will need to certify that you have satisfied the Professional Continuing Education requirement. Completion of this process will only reactivate your license through August 31, 2009.
9. Do I submit my certificate to the Office of Financial Regulation? No, do not send your certificate of completion to the Office. However, you MUST send in your renewal form if you renew by mail. You will be required to certify at the time of renewal that you have satisfied the Professional Continuing Education requirement. In accordance with Rule 69V-40.043(5), F. A. C., a Mortgage Broker is responsible for maintaining copies of the certificate of completion for all Professional Continuing Education courses completed and supply them to the Office upon request. Chapter 494.00295(1), F. S., requires that licensees maintain records documenting compliance with this requirement for a period of 4 years.
