1 Hour Florida SAFE 2026 State Law Course

This 1-hour course will fulfill the state elective portion of your continuing education requirement for Florida license renewal. Licensed MLOs in the state must take 8 hours of continuing education each year, with 3 hours being dedicated to federal law, 2 hours on ethics, 2 hours on non-traditional mortgage lending, and 1 hour of state-specific defined electives. This class satisfies the 1-hour state elective requirement. 

The following required topics will be covered in this 1-hour class: 

• Compliance filings (MCR, Financial Condition, and Audited Financial Statements) 
• Examinations and Audits 
• Records, Financial Statements and Reports 
• Net Worth Requirements 
• Escrow and Trust Accounts 
• Disclosures and Advertising 
• Conditions and Limitations of Certain Mortgage Transactions 
• Residential Mortgage Loans 
• Enforcement 
• Investigation of Violations and Unsafe Practices; Remedial Action 
• Disciplinary and Other Actions 
• Prohibited Acts; Penalties 

Declaration of Intent to Engage Solely in Loan Processing: Chapter 494.00331, Florida Statutes. Fla. Admin. Code R. 69V-40.0331. 

We will begin class with an overview of the regulatory structure governing MLOs, including the state and federal SAFE Acts and the Florida Office of Financial Regulation (OFR). The OFR is responsible for oversight and licensing of residential mortgage loan originators in Florida. The agency also works with federal regulators and the NMLS to create uniform application of federal lending practices.  

After that we will examine the most important state-specific requirements for mortgage lending, such as conditions and limitations on certain mortgage transactions, the general provisions of the Florida Mortgage Guaranty Trust Fund, and compliance filings, including mortgage call reports (MCRs), Financial Condition, and Audited Financial Statements. We will also review the list of prohibited practices, penalties, and various ways the state enforces proper conduct in the financial services industry. 

We will conclude the class with a look at several recent changes to rules and laws, including those related to enhanced regulation of residential mortgages and “business-purpose” loans, as well as several recent enforcement action case studies related to Florida mortgage licensees. 

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.