This course on Florida-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 Florida-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
The course begins with an overview of the Office of Financial Regulation (OFR), the Division of Consumer Finance, the NMLS, and the adoption of the federal SAFE Act.
The bulk of the class reviews relevant sections of the Florida Statutes Title 33, Chapter 494 and the Florida Administrative Code, Chapter 69V-40. There is also a small section on the F.A.C.'s Anti-Coercion Regulations.
We'll finish the course with a look at a few recent amendments to the law and the most recent information on the adoption of Electronic Surety Bonds in Florida and throughout the country.
The course is completed with a final exam consisting of 15 questions randomly drawn from the class.
Show Course ID: 1
- Course ID(s): 10778
- Approved By: NMLS
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.