What it takes to get a mortgage loan officer license in Montana
Montana Mortgage Loan Originator License Requirements
Issued by Montana Division of Banking and Financial Institutions
Total Course Hours
20 hrs
National & Elective
18 hrs
Montana-Specific
2 hrs
License Fee
$400
Of the 20 hours, 2 must cover Montana law and rules and the other 18 are the national SAFE Act topics and electives.
20 hours in total, 2 of them on Montana law. Those 2 come out of the 20 rather than being added to it, so the total is the same as a state with no requirement at all, but a generic national course still will not satisfy it.
Requirements verified 2026-08-11 against the official source.
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How to become a mortgage loan officer in Montana
Originating mortgage loans in Montana takes 20 hours of pre-licensing education from a provider approved by the Nationwide Multistate Licensing System, usually written NMLS. Montana Division of Banking and Financial Institutions issues the license and calls it the Montana Mortgage Loan Originator License.
The number to slow down on is the 2. Montana requires 2 of those 20 hours to cover its own mortgage law, and they come out of the 20 rather than being added on top of them. So the total matches a state that asks for nothing of its own, which is exactly what catches people out: a generic 20-hour national course looks like the whole requirement and leaves you 2 hours short of a Montana license.
Montana Division of Banking and Financial Institutions charges $400 to apply for the Montana Mortgage Loan Originator License. NMLS charges its own processing fees on top of that and those are the same in every jurisdiction, so the license costs more than the state's own figure suggests. The cost breakdown adds up the whole stack.
4 providers in this comparison sell pre-licensing courses for Montana, priced from $70 to $639. Read the coverage column before the price column: a package that skips the 2 Montana hours is cheaper and does not get you licensed.
Montana mortgage license FAQ
How many hours of coursework do I need to become a loan officer in Montana? ▾
20 hours in total, of which 2 must cover Montana law and rules and the remaining 18 are the national SAFE topics and electives. Note that the 2 Montana hours come out of the 20 rather than being added to it, so a generic 20-hour SAFE course will not cover them. Every hour has to come from an NMLS-approved course provider.
What exam do I have to pass in Montana? ▾
The SAFE Act national test carrying uniform state content. Every state and territory has adopted it, so there is no separate Montana exam behind it. You need 75 percent to pass.
What does the license itself cost in Montana? ▾
$400 to Montana Division of Banking and Financial Institutions, plus the fees NMLS charges to process the application. Course tuition is separate and varies by provider. The cost breakdown page has the full stack.
Do I need a surety bond in Montana? ▾
We have not confirmed this against Montana's own rules yet, so check with Montana Division of Banking and Financial Institutions before you budget for one. Under the federal SAFE Act an originator has to be covered by a bond, but in most states an employee is covered by their employer's.
What does a Montana mortgage license cost in total?
Course tuition is only part of it. See the full stack of state and NMLS fees.