AYPORealEstate.com

1 Hour MN SAFE 2021 State Law Course

  • 1 Hour Course
  • $39.00

This 1 hour course on Minnesota laws 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. 

The first module is concerned with the overall regulatory framework. This module will start with an introduction on the topics to be covered, as well as recommendations for navigating the course. Next is a look at the SAFE Act and its influence on the regulations of Minnesota, with an in-depth peek into MLO licensing. This section also includes a discussion on surety bonds and the Standards of Conduct found in Minnesota law. 

The second module looks at the diverse responsibilities of MLOs. This includes a lesson on fiduciary relationship, recordkeeping, and advertising, as well as escrow and trust account, net tangible benefits, and permitted fees. This module wraps up with a discussion on law enforcement and prohibited acts and practices MLOs should be aware of. 

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.

  • Course ID(s): 12960
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

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.