The 8 hours of content in this course will fulfill all of the Late CE needed to renew your Hawaii license.

This course is broken down into 5 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 first module of the course focuses on federal laws and rules that apply to mortgage loans and mortgage loan originators. The federal regulations addressed in this portion of the course include the SAFE Act and the TILA-RESPA rule.

The second module of the course will cover ethics and consumer protection. Aside from ethics and ethical duties, this portion of the course will also talk about fraud in mortgage lending and fair lending practices.

The third module of the course will discuss non-traditional mortgage loan products like adjustable rate mortgages and reverse mortgages. Not only will this segment examine these types of mortgages, it will also look at some of the regulations governing them.

The national portion of the course will end with a 25 question final exam designed to test students on concepts from across the course.

The state-specific portion of the course begins with an overview of the regulating agencies for MLOs in Hawaii, and examines the last legal changes that affect loan originators. Students then review licensing and sponsorship requirements for MLOs, and the exemptions to these. They will also look at license renewal and reinstatement information.

We will next examine the practices of a mortgage loan originator, and what is expected of an MLO. This includes topics like licensing fees, mortgage call reports, and continuing education needs.

In the section on rules and violations, students will see what actions are prohibited under HRS §454F-17, and what the penalties for committing such actions may be. After this is a review of an MLO's rights and responsibilities during an investigation. This includes the right to confidentiality of some types of information.

Finally, we will look at the Mortgage Loan Recovery Fund, from which those who were the victims of a violation, such as fraud or misrepresentation, can recover damages.

The course ends with a final quiz consisting of 15 questions pulled randomly from the Hawaii-specific content. 

  • Course ID(s): 11454 and 11476
  • Approved By: NMLS

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.