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This course on South Carolina-specific education fulfills 1 hour of annual continuing education for licensed MLOs in the state. A total of 8 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), and 1 hour of South Carolina-specific education for those licensed by the BFI. 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 portion of the course examines the general regulations affecting MLOs including the Secure and Fair Enforcement for Mortgage Licensing Act.

Another portion of the course discusses consumer protection. This segment covers such topics as the Mortgage Lending Act, the preference form, and consumer complaints.

The next segment of the course looks at regulations affecting elements of the profession of mortgage loan origination. Topics covered in this segment include licensing exceptions, prohibited activities, and advertising, and use of a residence as a licensed location.

The remainder of the course talks about regulations governing mortgages and deeds of trust, reverse mortgages, and mortgage lending.

The course is completed with a final exam consisting of 15 questions randomly drawn from the class. 

  • Course ID(s): 10768
  • Approved By: NMLS

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.