1 Hour NV SAFE 2026 State Law Course for QE

This 1-hour course covers the state-specific laws and regulations that govern residential Mortgage Loan Originators (MLOs), Qualified Employees (QEs) and others in the mortgage business in Nevada. Successful completion of this course satisfies the elective requirement for mortgage professionals seeking license renewal. CE for MLOs must include 7 hours of SAFE mortgage education plus a 1 hour elective. Any MLO may take this course as their 1 hour elective. If the MLO is a Qualified Employee, the elective must cover Nevada-specific education such as the reporting requirements for mortgage companies. 

Required topics include important updates relating to the operation of mortgage companies and designation of QEs in Nevada, as well as: 

• Supervision and Regulation of Mortgage Loan Originators 
• Examinations and Audits 
• Records, Financial Statements and Reports 
• Net Worth Requirements 
• Surety Bond Requirements 
• Escrow and Trust Accounts 
• Disclosures and Advertising 
• Conditions and Limitations of Certain Mortgage Transactions 
• Residential Mortgage Loans 
• Enforcement 
• Investigation of Violations and Unsafe Practices; Remedial Action 
• Disciplinary and Other Actions 
• Prohibited Acts; Penalties 
• State Regulatory News 

We’ll begin the first module with a look at the regulatory framework governing residential mortgage loan origination in Nevada, including the purpose and authority of the Division of Mortgage Lending. We will discuss Chapter 645B of the Nevada Revised Statutes and the statutory definitions relating to MLOs and other mortgage industry professionals. Next, we will cover key regulations that affect mortgage companies, QEs, and MLOs, such as fiduciary duties; requirements for branch offices; net worth; examination and audit laws and rules; and statutes that govern the filing and maintenance of records, financial statements, and reports.  

In the second module, we will examine a variety of other statutory requirements, such as disclosure and advertising; conditions and limitations of certain mortgage transactions; and laws relating to compliance and enforcement. From there, we will share a real world case study highlighting the potential consequences for mortgage licensees who fail to maintain compliance with state regulations. To conclude the course, we will review several regulatory news announcements from the Division of Mortgage Lending.  

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.