3 Hour NY SAFE 2019 State Law Course

$30.00

3 Hour Course

Course ID: 10810

Approved By: NMLS


Add to Cart (877) 724-6150

This course on New York-specific education fulfills 3 hours of annual continuing education for licensed MLOs in the state. A total of 11 hours must be completed each year, which includes 3 hours of federal law, 2 hours of non-traditional mortgage lending, 2 hours of ethics (including fraud, consumer protection, and fair lending issues), 1 hour of undefined electives, and 3 hours of New York-specific education. This is a stand-alone course, and can be taken either on its own or in connection to other courses offered to fulfill your CE requirements.

This course is broken down into 2 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 will start with a look at the SAFE Act and its influence on the regulations of New York. The module will then examine responsibilities of MLOs in New York with special focus on licensing requirements, surety bonds, and restrictions. Topics such as the proper handling of consumer credit information, useful definitions, duties prescribed to the MLO and originating entity they work for independently, and disclosure are also covered here.

The second module goes in depth on the Home Equity Theft Protection Act as it relates to mortgage loan origination and equity purchasing. Further responsibilities of mortgage loan professionals are identified, specifically about Real Property Law, required notice to borrowers, and “zombie” property upkeep. Then, a real world example is provided with analysis and what students should take away from the discussion. A summary on good practices for MLOs finishes the informative portion of the class.

This course ends with a 25 question quiz consisting of questions randomly drawn from the course.

  • Module 1
    • General Regulation Standards for MLOs in New York [5 Activities]
      • 01. Introduction to 3-Hour New York SAFE Laws & Regulations for Mortgage Loan Originators
      • 02. Licenses and Exemptions for Mortgage Loan Originators
      • 03. Keeping and Renewing MLO Licensure
      • 04. Duties of the Originating Entity and the MLO
      • 05. Handling Consumer Credit Information
    • Activity: General Regulation Standards for MLOs in New York (1 questions)
    • Quiz: General Regulation Standards for MLOs in New York (5 questions)
  • Module 2
    • BioSig Authentication - Middle
    • Home Equity Theft Protection Act Standards [4 Activities]
      • 01. Home Equity Theft Prevention
      • 02. HETPA: Rights of Rescission and Errors by Equity Purchasers
      • 03. A Real World Example: PHH Mortgage
      • 04. Takeaways for the MLO
    • Activity: Home Equity Theft Protection Act Standards (1 questions)
    • Quiz: Home Equity Theft Protection Act Standards (5 questions)
  • Course Completion
    • Final Quiz (25 questions)
    • BioSig Authentication - End
    • Mandatory Questionnaire
    • Certificate of Completion
    • 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.