Late CE: 1 Hour WA SAFE 2022 State Law Course CE (14285)

This course is designed to address your 2022 Late CE needs.

This 1-hour course on Washington state laws and regulations fulfills the state-specific 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 on ethics, 2 hours on non-traditional mortgage lending, 1 hour of elective, and this 1 hour on Washington law. 

We’ll begin with a review of Washington State rules and regulations, including any recent changes. This includes important definitions, license exemptions, license renewal, recordkeeping, reporting responsibilities, and restricted or conditional loan fees. 

Then, we’ll discuss advertising requirements, including internet and electronic forms of advertising. We’ll also discuss disclosure obligations and the “one page summary” required of Washington mortgage professionals in the lending industry. 

The second half of the course will focus on prohibited acts and practices, including rules governing appraiser requests, redisclosure, and “bait & switch” advertising. We’ll also discuss fraud violations, as well as the civil and criminal penalties therein. We’ll close with a video discussing the Down Payment Assistance program in Washington State, followed by a brief recap of the lessons covered. 

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.