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Late CE 2 Hour OR SAFE 2019 State Law Course (10809)

  • 2 Hour Course
  • 4.7 9 Reviews
  • $30.00

This course is designed to fulfill your 2019 Late CE requirements.

This course on Oregon-specific education fulfills 2 hours of annual continuing education for licensed MLOs in the state. A total of 10 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 2 hours of Oregon-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 is concerned with the overall regulatory framework. This module will start with a look at the SAFE Act and its influence of the regulations of Oregon. The module will then examine Oregon's Mortgage Lending Law 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 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. Then, real world examples are provided for student consideration, and the module ends with information on electronic surety bonds.

This course ends with a 15 question quiz from content pulled from the course randomly.

Please note: This course expires on 12.31.2020. You must finish this course by 12.31.2020 to receive your CE credit.

  • Course ID(s): 11479
  • Approved By: NMLS

Instructor Bio

Mary Tillery real estate atyourpaceonline instructor

Mary Tillery is the instructor for all of our MLO continuing education courses. She has been sharing her expertise with fellow mortgage loan originators for more than 35 years as a lending educator. Learn more about Mary’s background here.

Course Reviews

4.7
9 Reviews