3-Hour NY SAFE 2026 State Law Course

This 3-hour course on New York laws, rules, and regulations satisfies the state-specific elective requirement for MLO license renewal. State-licensed residential mortgage loan originators (MLOs) in New York must take 11 hours of continuing education each year, including 8 credit hours consisting of 3 hours on Federal law, 2 hours on ethics, 2 hours on non-traditional mortgage lending, and 1 hour of elective content.  

This 3 Hour NY SAFE 2026 State Law Course will begin with a review of the regulatory framework for MLOs that has developed since New York State first passed the Home Equity Theft Prevention Act (HETPA) in 2007, followed by the federal Secure and Fair Enforcement for Mortgaging Licensing (SAFE) Act of 2008. The first segment of class will also cover Temporary Authority for MLOs moving to New York, and a number of provisions relating to MLO licensing standards. 

The second module will begin with a discussion on surety bond requirements in New York State, followed by recent developments in New York mortgage lending. This section will include changes to the HETPA law and how reverse mortgages are processed in the state. The bulk of the second module is devoted to a wide-ranging look at investigative and enforcement actions taken against mortgage licensees by the NYS Department of Financial Services (DFS). The course will conclude with fair lending guidance and an analysis of the latest DFS consumer protection news. 

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