1 Hour AZ SAFE 2025 State Law Course

Taking this 1-hour course on the laws and regulations governing Arizona MLOs will fulfill the annual elective requirement for continuing education. A total of 8 hours of CE must be completed each year, which includes 3 hours of federal law, 2 hours of non-traditional mortgage lending, 2 hours of ethics (including fraud, consumer protection, and fair lending issues,) and 1 hour of state-specific content. This is a stand-alone course, and can be taken either on its own or in connection with other courses to fulfill CE requirements.  

In the first module of class, we will begin with a review of which regulatory structures, authorities, and laws govern Arizona loan originators, including the Department of Insurance and Financial Institutions (DIFI). We will examine key definitions of mortgage professionals according to the state, plus the lawful exemptions to licensure rules. Our discussions will also cover who is and is not considered a residential mortgage loan originator according to the provisions of the Arizona Revised Statutes, Title 6, Chapter 9 [ARS 6-991].  

In the second module, we will examine prohibited acts and practices for loan originators, followed by a look at license renewal and how to maintain compliance. Next is a refresher on the Mortgage Recovery Fund to ensure that students fully understand the purpose and function of the Fund, including its balance status, sources of funding, and liability limits. In conclusion, we will provide a bit of news from the Department, and a real world case study involving a mortgage lender. This recent enforcement action case published by the DIFI will show students one example of what can happen when mortgage professionals fail to comply with Arizona laws governing residential mortgage-related business in the state. 

To promote comprehension, students will complete a 5-question quiz and short activity after each module. A 15-question final exam will wrap up the course.