Utah Continuing Education Changes

We have seen some sweeping changes that the SAFE (Secure And Fair Enforcement) Mortgage Licensing Act has brought. It has, as we have said before, remodeled the mortgage industry as we know it. One of the areas being remodeled in the mortgage industry is continuing education for license renewal. Mortgage licensees must have 14 hours of continuing education during the fiscal year of 2010, meaning mortgage licensees will have until December 31, 2010 to complete the required hours.

However, the mortgage industry isn't the only one who is undergoing some 'house cleaning' issues. The Utah Department of Real Estate is now requiring 18 hours of continuing education for real estate agents and brokers for every two-year period. Everyone who has a renewal date after January 1, 2010 will have to complete the 18 hours of ce.

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SAFE Act Testing in Utah Postponed

The Utah Division of Real Estate has collectively decided to postpone the new SAFE testing until September 1, 2009. This extra month gives 'on-the-fence' Utahans the opportunity to decide whether or not they should get their mortgage license. If you've been trying to decide whether or not you or someone else in your office should get licensed, now is the time to act.

While many states have postponed testing requirements until next year, The Utah Division of Real Estate has been ahead of the pack when complying with this new federal legislation. Many states have postponed SAFE testing until the middle of next year as they scramble to draft and pass laws that will allow for the type of changes that the SAFE act is bringing to the table.

Nonetheless the SAFE act has caused a lot of headache for the Utah Division of Real Estate. Not to mention all of the changes that the act is calling for, it also affects legislation that the Division has painstakingly fought for years and now much of it will fall by the wayside. On an administrative level, the Governor has been assigned as the Ambassador to China and the Director of the Division of Real Estate (an assignment appointed by the Governor) has also been assigned to a new position. These two changes bring a lot of headache to the Division, but in addition to all the changes that SAFE is bringing to the mortgage industry, it is no wonder why the testing has been postponed.