The Stateof New York Banking Department, supervises and regulates all Mortgage Brokers workingwithin the State. Offices are located in New York City.
All New York mortgage licenses are handled through the National Mortgage Licensing System.Prelicensing requirements include approved courses that are 20 or more hours and contain 3hours of Federal Law, 3 hours of Ethics, 2 hours of Non-traditional Mortgage Lending plus12 or more hours of electives. This may be in addition to New York-required content. Continuing EducationRequirements include at least eight hours of NMLS approved instruction.