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What do I need for an Alaska mortgage loan originator license?

To get an Alaska mortgage loan originator license, you need at least 20 hours of approved education. You also need a passing score on both parts of a written test. The statute says a passing score is at least 75 percent. The statute says classes can be on-line.

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The rule, fact by fact

Course hours
At least 20 hours of approved educationThe statute requires it before you are licensed.
Verified. www.akleg.gov (opens state website) · checked Nov 13, 2026
Cost
$110 for the SAFE MLO Test, as NMLS lists it. This is not the course priceThat is the test fee NMLS lists. We haven't confirmed a course price from a source.
NMLS Resource Center · SAFE MLO Test overview (opens website) · checked Nov 13, 2026
Online accepted
Yes. The statute allows a classroom, on-line, or other approved meansIt cites the federal SAFE Act for what counts as approved.
Same source and date as above
Valid for
Expires after three years without a state license or federal registrationThen you must complete an additional 20 hours of approved education.
Verified. www.akleg.gov (opens state website) · checked Nov 13, 2026
Passing score
An applicant must answer at least 75 percent of the questions correctlyThe statute sets this for a qualified written test.
Same source and date as above

How to get it done

  1. Step 1. Check that you need the license, and line up a sponsor. In Alaska, no one may act as a mortgage loan originator for a dwelling or residential real estate in the state without a license from the department. That includes an individual who works under a mortgage licensee or a registered depository institution. Some people are exempt. Among them is a registered mortgage loan originator acting for a depository institution, a subsidiary it owns and controls that a federal banking agency regulates, or an institution regulated by the Farm Credit Administration. Someone who negotiates a loan for an immediate family member is also exempt. The license is not granted unless a mortgage licensee or a registered depository institution sponsors you in the registry.

  2. Step 2. Pick a course from the NMLS course provider list. NMLS says new state-licensed MLOs complete 20 hours of NMLS-approved education: 3 hours of federal law, 3 of ethics, 2 of non-traditional mortgage lending and 12 electives. Alaska has no requirement for state-specific law, NMLS says.

  3. Step 3. Take the course on-line or in a classroom. The statute says prelicensing education may be offered in a classroom, on-line, or by other approved means. Your hours expire if you do not get a state license or federal registration within three years of finishing the course.

  4. Step 4. Pass both parts of the qualified written test: a national component and a state component. The statute says you must answer at least 75 percent of the questions correctly. NMLS lists the fee for its National Test as $110.

Courses

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Before you pay

Before you pay, check that the course is on the NMLS course provider list. Your hours expire after three years without a license or federal registration.

Questions

How many times can I retake the test?

You can retake a test three consecutive times, with each test at least 30 days after the one before. After failing three consecutive takings of the same test, you wait at least six months before retaking it.

What if my license lapses?

Among the rules for a lapse: if three years pass from your last license or federal registration without a new one, your prelicensing education expires and you complete another 20 hours. A licensed originator who fails to keep a valid license for five years or longer also retakes the test. The statute does not count the time the individual is a registered mortgage loan originator.

Can I take the course as a webinar?

NMLS says all prelicensing education categories can be delivered in the classroom or classroom equivalent (webinar) format.

What is on the National Test?

NMLS lists 120 questions, 115 of them scored, and a time limit of 190 minutes. The five unscored pre-test questions do not change your pass or fail result.

What to do next

Start with the Alaska administrative code on originator licensing. Then pick a course from the NMLS list.

www.akleg.gov

Sources we read