1 Hour NC SAFE 2021 State Law Course

This 1-hour course on North Carolina laws and regulations fulfills the state elective requirement for annual renewal. Licensed mortgage loan originators in the state must take 8 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 this 1 hour of state-specific content. 

We'll begin with a review of regulatory laws and agencies, including the North Carolina SAFE Act and NMLS Model Act. Then, we'll discuss qualifying activities as an MLO which require licensure and the differences between various loan professionals in the industry. Seller financing information finishes up the first module.

In the second module is an overview of prohibited practices, the Commissioner's enforcement authority, and possible penalties for violations. We’ll also examine surety bond requirements and unique registration limits. Finally, advertising requirements and appropriate communications with appraisers are featured topics.

To promote comprehension, students will complete a 5-question quiz and short activity after each module. A 15-question final exam will wrap up the course.