RE Guide
AK

Alaska MLO License

Mortgage Loan Originator requirements for Alaska

20 hrs
Pre-License Hours
$541
Total Fees
4-8 wks
Timeline
8 hrs
CE Annually

NMLS Required: All Alaska MLO applications must be submitted through the Nationwide Multistate Licensing System (NMLS).

1

Pre-Licensing Education

Complete 20 hours of NMLS-approved pre-licensing education (federal SAFE Act minimum).

Required Courses (20 hours total):

  • • 3 hours federal law and regulations
  • • 3 hours ethics (fraud, consumer protection, fair lending)
  • • 2 hours nontraditional mortgage products
  • • 12 hours electives

Education must be completed through an NMLS-approved provider. Pre-licensing education expires after 3 years without holding a license.

2

SAFE MLO Exam

National Component

115 scored questions + 5 unscored (3 hours 10 minutes)

State Component

Alaska UST: Uniform State Test added to National test

Passing Score

75% on both national and state components

Exam Fee

$110

Retake Policy: 30-day wait after 1st/2nd failure; 180-day wait after 3rd failure

3

Background & Credit Check

Criminal Background

FBI criminal background check via fingerprinting

Credit Report

Required

Background Check Cost

$36

Credit Report Cost

$15

Credit score of 600 or higher required. Must demonstrate financial responsibility.

4

Company Sponsorship

Must be sponsored by an Alaska-licensed mortgage broker or lender

Employer must submit sponsorship request before application approval. Applications may be abandoned if submitted before company licensure.

Fee Breakdown

NMLS Processing Fee $30
State License Fee $350
Examination Fee $110
Background Check $36
Credit Report $15
Total Fees $541

Does not include pre-licensing education costs ($200-$400). Fees collected through NMLS are not refundable.

Annual Renewal

Renewal Period

November 1 - December 31 annually

Renewal Fee

$350

CE Required

8 hours annually

Online Renewal

Yes (via NMLS)

8 hours annually: 3 hrs federal law, 2 hrs ethics, 2 hrs nontraditional lending, 1 hr elective. Must be NMLS-approved.

Alaska Division of Banking and Securities

Apply via NMLS

All MLO applications are submitted through the NMLS portal.

Go to NMLS

Helpful Tools

Last verified: 2026-01-12

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