Late CE: 3 Hour NY SAFE 2020 State Law Course (12109)
- 3 Hour Course
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.
Show Course ID: 0
- Approved By: NMLS
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.