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.

  • Course ID(s): 14488
  • 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.