8 Hour SAFE Core and Massachusetts Law MLO Package
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8 Hour Course
- 4.6 17 Reviews
- $70.00
The 8 hours of content in this course will fulfill all of the education needed to renew your Massachusetts 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 first half of the course.
From here, the course focuses on state-specific education. The first module examines the overall regulatory framework of MA loan originators, including licensing, renewals, and prohibited practices.
The second module takes a close look at Chapter 255F of Title IV of the Massachusetts General Laws, reviewing surety bonds, information confidentiality, and unique MLO identifiers.
The course ends with a final 15 question quiz.
Show Course ID: 1
- Course ID(s): 10749, 10757
- Approved By: NMLS
Instructor Bio
Mary Tillery is the instructor for all of our MLO continuing education courses. She has been sharing her expertise with fellow mortgage loan originators for more than 35 years as a lending educator. Learn more about Mary’s background here.