NEW MEXICO RESIDENTS AND ANYONE DESIGNATING NEW MEXICO AS THEIR RESIDENT STATE: All continuing education (CE) courses must be completed and reported prior to renewal of the license. Licensees who fail to complete the required CE courses will not be permitted to renew their license. All CE requirements must be completed at least 30 days prior to the license expiration date to allow sufficient time for the credits to be reported by the CE provider.
Click here to view your CE status, then click "Look Up"
· Title Rates Review ($35)
· Trusts and LLCs ($20)
· Grab Bag of NM Probate & Estate Administration Topics ($35)
· NM Title & Escrow Dilemmas: What Would You Do? ($20)
· Rules, Rates and Forms – How, What, & When ($20)
· Bankruptcy in New Mexico ($20)
To renew your Title License, visit: www.nipr.com. Scroll down to the "Licensing Center" section and click on "Renew an Existing License"
February 19, 2020
To All Title Insurance Licensees,
There has been some additional confusion surrounding the requirements for continuing education (“CE”) requirements under Rule 22.214.171.124 NMAC. Due to the current problems in the online renewal process, there are issues with how the CE credits are applied. We are monitoring the NAIC/SBS efforts to fix the issue in the online renewal program, and we believe it will be resolved soon.
As you all know, under Rule 126.96.36.199(A)(1) NMAC, all insurance producers, regardless of the line of insurance they are selling, are required to complete a minimum of three hours of ethics credits during each compliance period. The Rule then goes on to list the specific CE requirements for specific types of producers. Under Rule 188.8.131.52(A)(2) NMAC, title insurance producers are required to complete ten CE credits covering title insurance per compliance period. At least three of those ten credits must specifically address the proper handling of escrow funds. The Rule also provides that the three escrow fund CE credits can be used to satisfy the requirement of three ethics CE credits.
CE CREDIT ALLOCATION EXAMPLES:
The current online renewal system does not allow for these scenarios. NAIC/SBS is upgrading the system to allow for proper allocation of completed CE credit hours. Accordingly, until the system is fixed, please send in a paper renewal to our office and we will process it within 48 hours of receipt, if possible, and certainly within ten days.
Please mail the paper renewal to:
Producer Licensing Bureau
The fee for renewals for the month of December 2019, January 2020 and February 2020 will be $60.00, we have waived the late fee for those months at this time. Please make checks payable to OSI.
Thank you for your patience while we address this issue.
Victoria A. Baca