Late CE: 1 Hour WA SAFE 2020 State Law Course (12057)

This course is designed to address your 2020 Late CE needs.

This 1 hour course on Washington laws and regulations fulfills the state elective requirement for annual renewal. Licensed mortgage loan originators in the state must take 9 hours of continuing education each year, with 3 hours being dedicated to Federal law, 2 hours of ethics, 2 hours of non-traditional mortgage lending, 1 hour of elective, and this 1 hour of state-specific content. 

We'll begin with a review of important rules and regulations, including any recent changes. This includes topics on important definitions, license exemptions, license renewal, recordkeeping, reporting responsibilities, and restricted loan fees. 

Then, we'll discuss advertising requirements, including those in electronic form. We'll also discuss disclosure obligations and the "one page summary" required of Washington loan professionals in the industry. 

The second half of the course will focus on prohibited practices, including appraiser requests and "bait & switch" advertising. We'll also review fraud violations, as well as the civil and criminal penalties therein. We'll close with a video discussing temporary authority requirements in Washington state, followed by a brief discussion of the class as a whole. 

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.