This course is designed to address your 2022 Late CE needs.

This 4 hour set on New Jersey laws and regulations is designed to accompany the 8-hour comprehensive package also offered by At Your Pace Online, thereby fulfilling the 12-hour CE requirement for the New Jersey mortgage loan originator or Qualified Individual 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 an overview of the implementing Administrative Codes for the Residential Mortgage Licensing Act (RMLA). We'll break it down by subchapter and focus on topics like licensing, record retention and accuracy, advertising, insurance, and other financial considerations relating to mortgage lending. Next are details from the NJ Home Ownership Security Act and RMLA as they're codified in New Jersey’s statutes. 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. A 25-question final exam will wrap up the course.

  • Course ID(s): 14492
  • Approved By: NMLS

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.