AYPORealEstate.com

Late CE: 3 Hour NY SAFE 2020 State Law Course (12109)

  • 3 Hour Course
  • $30.00

This course is designed to address your 2020 Late CE needs.

This 3-hour course on New York laws and regulations fulfills the state elective requirement for annual renewal. Licensed mortgage loan originators in the state must take 11 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 1 hour of elective content. 

The class begins with a review of the framework of regulation for MLOs has developed since New York passed the Home Equity Theft Prevention Act followed by the SAFE Act of 2008. The first module in this class also explores the Temporary Authority allowance to originate loans before changing status or changing states is finalized.

In the second module is an overview of surety bonds and wide-ranging, engaging look at investigative and enforcement efforts by the DFS. The principal focus is on major legislative and rules changes, including major changes to how reverse mortgages are processed, amended loan modification rules, and a final set of rules on mortgage servicing.

To promote comprehension, students will complete a 5-question quiz and short activity based on real-world examples after each module. A 25-question final exam will wrap up the course.

  • 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.