1 Hour Course
Show Course ID: 1
Course ID: 10769
Approved By: NMLS
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 under the DCA. 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:
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.