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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:

  • 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 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.

  • Course ID(s): 10777
  • 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.