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Late CE: 8 Hour SAFE Core and California-DFPI Law 2023 MLO Package (15105 & 15101)

  • 8 Hour Course
  • 4.7 13 Reviews
  • $79.00

This course is designed to address your 2023 Late CE needs.

Licensed mortgage loan originators in the state must take 8 hours of continuing education each year, with 3 hours being dedicated to Federal law, 2 hours of ethics, 2 hours of non-traditional mortgage lending, and 1 hour of state-specific content. Mortgage loan originators in California can satisfy the required 8 hours of annual continuing education needed for license renewal with this package.

We’ll begin the state-specific portion with a review of important state laws, naming changes to regulatory bodies, and official definitions MLOs need to know. The second module talks about agency and agency relationships. This module primarily focuses on state agency law, including authority of agents, third party and principal involvement, delegation of duties, and termination of agency.

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.

Course modules and topics for the seven-hour core portion include:

Module 1: Federal Mortgage Law Updates (3 Hour)

This module discusses federal rules and laws that apply to mortgage loans and mortgage loan originators across the country, including the Fair Credit Reporting Act, the Equal Credit Opportunity Act, legislation pertaining to electronic records and signatures, and other topics. The module also reviews the Integrated Mortgage Disclosures, Regulation Z, and recent updates and insights on how federal oversight affects mortgage lending today. 

Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending (2 Hour)

Module two deals with how to safeguard client data, fraud in the mortgage industry, and Identity Theft Rules (16 CFR 681). Students will see several case studies along with other recommendations on compliance with laws like the Mortgage Acts and Practices - Advertising Rule (Regulation N). Other topics in this module include consumer protection, fair lending, and balancing one’s commercial aspirations with ethical business practices.

Module 3: Non-Traditional Mortgage Lending (2 Hour)

The last module examines non-traditional mortgage loan products like reverse mortgages and adjustable-rate mortgages. Specific topics include Federal Housing Administration updates and changes, lending standards for adjustable-rate mortgages, and a review of the Home Equity Conversion Mortgage (HECM) program. The module also covers various other types of loans and financing choices, including VA loans, down payment assistance programs, and affordable housing programs. 

Each module ends with an assessment and interactive activity. The assessments include a five-question quiz, and the activity involves hypothetical scenarios based on course content. 

To pass the course, students must complete a 25-question final exam with a score of at least 70%.

 

  • Course ID(s): 15528, 15533
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

Mary Tillery is the instructor for all of our MLO continuing education courses. She has been sharing her expertise with fellow mortgage loan originators for more than 35 years as a lending educator. Learn more about Mary’s background here.

Course Reviews

4.7
13 Reviews