Help Icon

MTG7223

Course
MTG7223
Course Title
8-Hour NC SAFE Comprehensive CE: 2013 MLO Rules and Reminders

Description

The purpose of this course is to meet the eight (8) hours of annual continuing education requirements of the SAFE Mortgage Licensing Act for licensed mortgage loan originators. Students will be presented with updates and reminders on federal law, the Bank Secrecy Act/Anti Money Laundering, Ethics and Consumer Lending, Mortgage Assistance Relief Services (MARS), Non-traditional Mortgage Loan Product – VA “Special Underwriting” Loans and NC Mortage law. 

Objectives

  • Demonstrate a knowledge of updated federal and state laws
  • Demonstrate a knowledge of the non-traditional mortgage market
  • Identify updates on North Carolina Mortgage Laws
  • Satisfy the annual continuing eduation requirements for a MLO licensed in NC
  • Content

    1) Federal Laws (3 hours)

         a) Bank Secrecy Act/Anti-Money Laundering

    2) Ethics and Consumer Lending (2 hours)

         a) Mortgage Assistance Relief Services (MARS)

    3) Non-traditional Mortgage Loan Product (2 hours)

         a) VA "Special Underwriting" Loans

    4) NC Mortgage Law and Update

    5) Learning Assessment

    Prerequisites

    None

    Method of Instruction

    Lecture

    Evaluation

    Learning Assessment