1 Hour Course
Show Course ID: 1
Course ID: 10777
Approved By: NMLS
This course on Washington-specific education fulfills 1 hour of annual continuing education for licensed MLOs in the state. A total of 9 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 1 hour of Washington-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:
The course begins with a refresher on mortgage professional definitions, and moves into relevant sections of RCW 31.04, the Consumer Loan Act. Following this is a section reminding licensees of the various types of prohibited conduct, and the consequences to follow.
The course ends with an examination of the one page disclosure summary, according to the Washington Administrative Code (WAC).
This course is finished with a final exam consisting of 15 questions randomly drawn from the course.