1 Hour Course
Show Course ID: 1
Course ID: 10779
Approved By: NMLS
This course on California-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 California-specific education for those licensed by the DBO. 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:
The first module of this course will discuss important state laws and official definitions MLOs need to know. This module also looks at how recent court cases affect mortgage loan originators and their relationships with lenders and borrowers.
The second module talks about agency and agency relationships. This module primarily focuses on state agency law including authority of agents, delegation of duties, and termination of agency.
The course is completed with a final exam consisting of 15 questions randomly drawn from the class.