Late CE 1 Hour AZ SAFE 2019 State Law Course (10742)

This course is designed to fulfill your 2019 Late CE requirements.

This course on Arizona-specific education fulfills 1 hour of annual continuing education for licensed MLOs in the state. A total of 8 hours 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 Arizona-specific education. This is a stand-alone course, and can be taken either on its own or in connection to other courses offered to fulfill your CE requirements.

This course is broken down into 2 modules. Each module contains:

• A section of training
• An activity in which students will read a short scenario and then answer questions about the scenario
• An assessment that consists of a five question quiz

This course begins with an overview of the regulatory agency that oversees Arizona MLOs: the Department of Financial Institutions. We then examine definitions of various mortgage professionals, and exemptions to licensing. 

After this is a discussion of the many prohibited practices MLOs should refrain from, and a look at licensing requirements, DFI fees, and actions that can end in denial, suspension, or revocation of a license. 

The class ends with a refresher on the Mortgage Recovery Fund to ensure that students fully understand its purpose and use.

The course is completed with a final exam consisting of 15 questions randomly drawn from the class.