12 Hour SAFE Core and New Jersey Law 2019 MLO Package

$70.00

12 Hour Course

Course ID: 10751, 10808

Approved By: NMLS


Add to Cart (877) 724-6150

The 12 hours of content in this course will fulfill all of the education needed to renew your New Jersey license.

This course is broken down into 6 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 final national module explains reverse mortgages, and provides the mortgage loan originator with a solid foundation of knowledge on the subject. Topics covered are what reverse mortgages are, the proceeds that come from them, the regulations that govern them, and the scams to watch out for.

The national portion of the course will end with a 25 question final exam designed to test students on concepts from across the course.

The elective and state-specific portion of the course begins with a quick overview of the regulating authorities for MLOs in the state. This includes the federal SAFE Act, the Department of Banking and Insurance, and the NMLS. We then dive into the New Jersey Residential Mortgage Lending Act (RMLA), which was created to enforce the federal SAFE Act. This Act covers many topics, such as mortgage definitions and exemptions, licensing requirements, and prohibited actions. 

Students then look at the New Jersey Administrative Code, Title 3, Chapter 15, which implements the stipulations of the RMLA. The N.J.A.C. describes requirements for an MLO’s daily practice, renewal steps, recordkeeping stipulations, and other topics. 

Next, we will examine the New Jersey Home Ownership Security Act of 2002. HOSA covers all residential home loans (if the home is a principal residence); it has some stricter standards for “covered loans,” and the most stringent standards reserved for “high-cost home loans.” The purpose of HOSA is to protect financially vulnerable homeowners from predatory lenders and offer relief from the ever-increasing number of harsh or unfair home foreclosures.

The module on NJ rules and laws finishes with some recent enforcement actions that are worth discussing, and an update on the status of New Jersey’s implementation of Electronic Surety Bonds. 

We will then spend an hour discussing money laundering, beginning with its history in the country. Next, students will learn the three main stages of money laundering: placement, layering, and implementation. 

Following is a layout of the past and current laws and main regulators surrounding money laundering, and the course ends with steps MLOs can take to raise awareness of money laundering schemes in the mortgage industry.

The course concludes with a 25 question quiz covering the elective and New Jersey-specific content.

  • Module 1 - National
    • BioSig Authentication - Beginning
    • Federal Law Update [12 Activities]
      • 01. Introduction to 3-Hour SAFE Federal Mortgage Law Class
      • 02. Outline of 3-Hour SAFE Federal Mortgage Law Class
      • 03. A Brief History of Mortgage Regulation
      • 04. S.A.F.E. Act
      • 05. Federal Agencies that Administer the SAFE Act
      • 06. Federal Agencies that Administer the SAFE Act, Part 2
      • 07. Federal Agencies that Administer the SAFE Act, Part 3
      • 08. Integrated Mortgage Disclosures
      • View Additional Activities
        • 09. TILA-RESPA Integrated Mortgage Disclosure (TRID)
        • 10. TILA-RESPA Integrated Mortgage Disclosure (TRID), Part 2
        • 11. Privacy of Consumer Financial Information
        • 12. End of the Class on Federal Mortgage Laws
    • Activity: Federal Law Update (1 questions)
    • Quiz: Federal Law Update (5 questions)
  • Module 2 - National
    • BioSig Authentication - Middle #1
    • Ethics, Consumer Protection, and Fraud [6 Activities]
      • 01. Introduction to 2-Hour SAFE Ethics, Fraud, Consumer Protection, and Fair Lending Class
      • 02. Ethics in Mortgage Lending
      • 03. Ethical Duties
      • 04. Fraud, Part 1
      • 05. Fraud, Part 2
      • 06. Consumer Protection and Fair Lending Practices
    • Activity: Ethics, Consumer Protection, and Fraud (1 questions)
    • Quiz: Ethics, Consumer Protection, and Fraud (5 questions)
  • Module 3 - National
    • BioSig Authentication - Middle #2
    • Nontraditional Mortgages [6 Activities]
      • 01. Introduction to 2-Hour SAFE Lending Standards for Nontraditional Mortgage Products Class
      • 02. Nontraditional Mortgage Loans
      • 03. Lending Standards for Adjustable Rate Mortgages
      • 04. Subprime and High-Cost Loans
      • 05. Reverse Mortgages
      • 06. End of 2-Hour SAFE Lending Standards for Nontraditional Mortgage Products Class
    • Activity: Nontraditional Mortgages (1 questions)
    • Quiz: Nontraditional Mortgages (5 questions)
  • Module 4 - National
    • Reverse Mortgages [6 Activities]
      • 01. Introduction
      • 02. What is a Reverse Mortgage?
      • 03. Reverse Mortgage Proceeds
      • 04. Regulations Governing Reverse Mortgages
      • 05. Reverse Mortgage Scams
      • 06. Conclusion
    • Activity: Reverse Mortgages (1 questions)
    • Quiz: Reverse Mortgages (5 questions)
  • Final Exam - National
    • Final Exam (25 questions)
    • BioSig Authentication - End
  • Module 1 - New Jersey
    • BioSig Authentication - Beginning
    • State Regulations, Rules, and Acts [8 Activities]
      • 01. Introduction to 4-Hour NJ SAFE Laws & Regulations & Anti-Money Laundering Class
      • 02. The New Jersey Residential Mortgage Lending Act
      • 03. The New Jersey Residential Mortgage Lending Act, Part 2
      • 04. New Jersey Administrative Code Title 3, Chapter 15
      • 05. New Jersey Administrative Code, Part 2
      • 06. The New Jersey Home Ownership Security Act of 2002
      • 07. Recent Developments and Enforcement Actions
      • 08. Recent Developments, Part 2
    • Activity: State Regulations, Rules, and Acts (1 questions)
    • BioSig Authentication - Middle #1
    • Quiz: State Regulations, Rules, and Acts (5 questions)
  • Module 2 - New Jersey
    • Anti-Money-Laundering for MLOs [5 Activities]
      • 01. Introduction to Anti-Money-Laundering for Mortgage Loan Originators
      • 02. History of Money Laundering
      • 03. Stages of Money Laundering
      • 04. Anti-Money-Laundering Laws and Regulators
      • 05. Mortgage Loan Originator & Broker Obligations
    • BioSig Authentication - Middle #2
    • Activity: Anti-Money-Laundering for MLOs (1 questions)
    • Quiz: Anti-Money-Laundering for MLOs (5 questions)
  • Course Completion
    • Final Quiz (25 questions)
    • BioSig Authentication - End
    • Mandatory Questionnaire
    • Certificate of Completion - National
    • Certificate of Completion - New Jersey
    • MLO CE Feedback

Instructor Bio


Mary Tillery real estate atyourpaceonline instructor
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.