1 Hour CO SAFE 2018 State Law Course


1 Hour Course

Course ID: 10118

Approved By: NMLS

Currently Unavailable (877) 724-6150

This class is the perfect continuing education course for those mortgage loan originators who have found their 7 hours of required national content in another course, and who now require the 1 hour of state-specific content.

The course will begin with Module 1, which includes a brief introduction and then an overview of the regulatory agencies that provide oversight for the mortgage lending industry in Colorado. Then we will proceed with an examination of new Colorado regulations, especially those dealing with 4 CCR 725-3, Rule 5.23 that deal with providing the state with immediate notification of convictions, pleas or charges against an MLO. Then we discuss who is required to be licensed as an MLO, as well as who is not, through state specified exemptions.

In Module 2, we will investigate Colorado specific forms that include Dual Status forms and when they should be used, as well as Lock-in Disclosures, Tangible Net Benefit forms, and Loan Modification Disclosure forms. Then we will conclude the class with a segment on advertising and rules specific to Colorado with regard to those advertisements.

During the course, the student’s progress will be measured by two module quizzes, as well as two activities to test the student’s knowledge with scenario based questions. Finally, there will be a short 15 question final exam.

  • Module 1
    • Introduction and New Regulations [2 Activities]
      • 01. 1 Hour CO SAFE State Law Course
      • 02. New Colorado Regulations
    • Module 1: Activity 1 (1 questions)
    • Module 1 - Incremental Quiz 1 (5 questions)
  • Module 2
    • Colorado Specific Forms, and Advertising and Colorado Specific Requirements [4 Activities]
      • 01. Colorado Specific Forms: Dual Status and Lock-in Disclosure
      • 02. Colorado Specific Forms: Tangible Net Benefit and Loan Modification Disclosure
      • 03. Advertising and Colorado Specific Requirements
      • 04. Conclusion
    • Module 2: Activity 2 (1 questions)
    • Module 2: Incremental Quiz 2 (5 questions)
  • Course Completion
    • BioSig Authentication - End
    • Final Exam (15 questions)
    • Mandatory Questionnaire
    • Certificate of Completion
    • MLO CE Feedback

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor
Mary Tillery, loan originator and Sales Manager at Guild Mortgage, in Grants Pass Oregon, has been actively involved in home lending since 1986. She has originated everything from first time homebuyers, to complex construction financing and reverse mortgages, besides all forms of more traditional lending. Mary combines her depth of knowledge with a sincere desire to know, love and serve her clients. She has been teaching home buying classes for 20+ years and loves to share her knowledge with not just her clients, but with people in the industry who are interested in growing.