Late CE: 1 Hour MD SAFE 2021 State Law Course (12936)
- 1 Hour Course
This course is designed to address your 2021 Late CE needs.
This 1 hour course on Maryland laws and regulations fulfills the state elective requirement for annual renewal. Licensed mortgage loan originators in the state must take 8 hours of continuing education each year, with 3 hours being dedicated to Federal law, 2 hours of ethics, 2 hours of non-traditional mortgage lending, and this 1 hour of state-specific content.
We'll begin with a review of the regulatory framework in Maryland including the model act produced by the Nationwide Mortgage Licensing System and the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act of 2008.Then we will examine the state's legal definition of an MLO and the actions that cannot be undertaken without a valid MLO license. The first segment of the course concludes with a discussion of an MLO's duty of care, the locations where MLOs can operate, and the use of advertising including social media promotions.
In the second module we begin with a look at Maryland’s requirements for storage and maintenance of transaction records. Then we will cover surety bonds in some depth, including an update on Maryland’s management plan for transitioning to Electronic Surety Bonds. Finally we examine a recent case study from the news and discuss the regulatory context the story fits into.
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.
Show Course ID: 1
- Course ID(s): 13321
- 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.