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MTG7222

Course
MTG7222
Course Title
8-Hour NC SAFE Comprehensive CE: 2012 Updates for Compliance

Description

The purpose of this course is to meet the eight (8) hours of annual continuing education required by the SAFE Mortgage Licensing Act for licensed mortgage loan originators.  Students will be presented with updates and reminders on the Equal Credit Opportunity Act (Regulation B), the Fair Credit Reporting Act, FHA and ARMS and NC specific laws. 

Objectives

Expose students to updated federal and state laws and satisfy the annual continuing education requirments.  

 

Content

I. Federal Law

a) Course Introduction

b) Updates and Review

c) Equal Credit Opportunity Act (Regulation B)

II. Ethics, Fraud, Consumer Protection & Fair Lending

a) Updates and Review

b) Fair Credit Reporting Act

III. Standards for Non-traditional Mortgage Products

a) FHA

b) ARMS

IV. North Carolina Law

a) NC Laws 2011-2012

b) Important updates and review

Prerequisites

None

Method of Instruction

Lecture and class discussion

Evaluation

Attendance and In-class quizzes