8 Hour SAFE Core and Elective 2023 MLO CE Louisiana
- 8 Hour Course
Every year, licensed and registered mortgage loan originators in Louisiana must take eight hours of renewal education that includes specific core topics and an elective. Completing this course fulfills state requirements for continuing education.
Here is an overview of what is covered in each course module:
Module 1: Federal Mortgage Law (3 Hour)
The course begins by discussing federal rules and laws that apply to mortgage loans and mortgage loan originators. Topics discussed include the Fair Credit Reporting Act, legislation pertaining to electronic records and signatures, the Equal Credit Opportunity Act, and more. Students also review Regulation Z, Integrated Mortgage Disclosures, and recent updates on how federal oversight affects mortgage lending.
Module 2: Ethics, Fraud, Consumer Protection, and Fair Lending (2 Hour)
Module two covers consumer protections and mortgage industry ethics. Topics include examples of mortgage fraud, Identity Theft Rules (16 CFR 681), and ways to safeguard client data. This module also provides several case study examples and compliance recommendations for consumer protection and Regulation N. Fair lending and balancing one’s commercial aspirations with ethical business practices are also discussed.
Module 3: Non-Traditional Mortgage Lending (2 Hour)
Module three examines non-traditional mortgage options like adjustable-rate and reverse mortgage loans. Also included is a review of the Home Equity Conversion Mortgage program and discussions on Federal Housing Administration updates and lending standards for adjustable-rate mortgages. Other financing options discussed include VA loans, down payment assistance programs, and affordable housing programs.
Module 4: The Mortgage Market and the Federal Reserve System (1 Hour Elective)
Module four is an elective that covers the U.S. mortgage market and the Federal Reserve System. Topics include conventional and unconventional loan types, financial markets, primary sources of home financing, and recent industry developments.
Every module ends with a short five-question quiz and an interactive activity. The activity is a hypothetical scenario based on module content and includes five questions. To receive credit for the course, students must pass a 25-question final exam with a score of at least 70%.
Show Course ID: 1
- Course ID(s): 15106
- Approved By: NMLS
Mary Tillery, an originating branch manager at Synergy One Lending in Grants Pass, Oregon, believes that buying a home is one of life’s true milestones. For more than 35 years, she has been teaching lending education classes and helping homebuyers achieve their dreams. Mary combines her love of knowledge with her passion for people in her roles as a loan originator and educator. From first-time mortgages to complex construction financing, she is happy to share her expertise with clients and industry professionals alike.