The 8 hours of content in this course will fulfill all of the Late CE needed to renew your South Carolina (BFI) license.

This course is broken down into 5 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 of the course focuses on federal laws and rules that apply to mortgage loans and mortgage loan originators. The federal regulations addressed in this portion of the course include the SAFE Act and the TILA-RESPA rule.

The second module of the course will cover ethics and consumer protection. Aside from ethics and ethical duties, this portion of the course will also talk about fraud in mortgage lending and fair lending practices.

The third module of the course will discuss non-traditional mortgage loan products like adjustable rate mortgages and reverse mortgages. Not only will this segment examine these types of mortgages, it will also look at some of the regulations governing them.

The national portion of the course will end with a 25 question final exam designed to test students on concepts from across the course.

The course then focuses in on South Carolina laws and rules.

The first portion of the state course examines the general regulations affecting MLOs including the Secure and Fair Enforcement for Mortgage Licensing Act.

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

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

The state portion ends with a 15 question final quiz.

  • Course ID(s): 11454 and 11482
  • 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.