This 4-hour course is designed to accompany the 8-hour comprehensive package also offered by At Your Pace Online in order to fulfill the 12-hour CE requirement for New Jersey MLOs or Qualified Individuals seeking to renew their license. MLOs and QIs in the state must take 12 hours of continuing education each year, including 3 hours pertaining to federal law, 2 hours on ethics, 2 hours on non-traditional mortgage lending, a 1-hour elective, plus these 4 hours of state-specific content.  

We’ll begin the first module with a review of the regulatory structure governing state-licensed MLOs in New Jersey, followed by a look at 2022 Amendments to the “Fair Foreclosure Act”, the 2023 Flood Risk Notification Law, and January 2024 statute that establishes Community Wealth Preservation Program. The course next reviews the Residential Mortgage Licensing Act (RMLA), breaking it down by subchapter to focus on topics such as licensing, record retention and accuracy, advertising, insurance, and other financial considerations relating to mortgage lending. Prohibited practices, recent enforcement actions, regulatory reminders, and news updates from the State of New Jersey Department of Banking and Insurance will round off the first module. 

The second module is a thorough exploration into the history, makeup, and warning signs of money laundering. We’ll examine recent cases, anti-money laundering legislation, and the role of mortgage professionals in detecting, stopping, and reporting on suspicious activity.  

To promote comprehension, students will complete a 5-question quiz and short activity after each module. Students will need to pass a 25-question final exam to get credit for the course. 

  • Course ID(s): 16208
  • 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.