Late CE: 2 Hour OR SAFE 2021 State Law Course (12948)
- 2 Hour Course
This course is designed to address your 2021 Late CE needs.
Mortgage loan originators in Oregon can meet their 2-hour state-specific elective requirement toward their 10-Hours of required continuing education credits for their annual license renewal with this course.
The first module of this course is concerned with the overall regulatory framework. This module will start with a look at the SAFE Act and its influence on the regulations in Oregon. We will then examine Oregon's Mortgage Lending Law (codified in Oregon Revised Statutes Chapter 86A) with special focus on licensing requirements and restrictions. Topics such as the handling of client funds, prohibited practices and conduct of mortgage professionals, record availability for the Director, restrictions on negative amortization loans, and disclosure are also covered here.
The second module dives into Oregon Administrative Rules and highlights some additional rules and Oregon-specific amendments related to mortgage loan origination. Further information on MLO licensing, what constitutes dishonest, fraudulent, or illegal conduct as a mortgage professional, record keeping practices, and reverse mortgages are covered.
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.
Show Course ID: 1
- Course ID(s): 13320
- 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.