Colorado MLO mandatory continuing education course gets DRE extension

Yesterday the Colorado Division of Real Estate (DRE) announced that the Colorado 2-hour mandatory Mortgage Loan Originator update course would be allowed to be made available through February of 2012. An excerpt from the announcement appears below;

In accordance with State regulatory requirements, all Colorado licensed mortgage loan originators must complete a two (2) hour Colorado-specific update course each calendar year prior to license renewals OR reinstatement.  Therefore, the Division recognizes the need to continue to offer the 2011 update course through the reinstatement period for individuals who want to take advantage of the reinstatement period and who have yet not completed the prerequisite education. The reinstatement period is open until the last day of February 2012.

The announcement also included instructions for education providers such as VanEd on how to report completions of the 2011 MLO Update Course that occur after December 31st, 2011. VanEd will continue to offer the 2 hour MLO Update Course until the end of February in order to assist our students and support the efforts of the DRE.

For more information on all of VanEd's Mortgage Education courses & packages click here.