8 Hour Online CE (Includes CA State Law)

What are our Core CE courses like? Take a look below! This is an actual chapter from one of our courses. 

Note:

• The engaging instructor!
• The responsive design. (courses are in HTML5, so they will work in modern browsers and most devices)
• Easily access materials, take notes, and more!

(we are currently updating our courses. State Law elective courses do not yet have these features)

Summary

This course covers SAFE Continuing Education Requirements for CA Loan Originators.  Specifically, this online course includes  3 Hours on Federal Law and Regulations, 2 Hours on Ethics and 2 Hours on Nontraditional Mortgages and  1 hour on CA State Law. The course is divided into four sections:


1 Hour Online SAFE CE - California Law

This 1-hour course covers California Law relevant to Mortgage Loan Originators (MLOs) and meets the education requirements as laid out by the California Department of Business Oversight (CA-DBO)

Ethics

• An understanding of Identity theft rules including who must comply with the red flags rule, how to comply and how to administer a red Flags program.

• An understanding of telemarketing and consumer fraud, the do not call registry, what calls are covered and exemptions for certain organizations

• An understanding of advertising rules, record keeping requirements for advertisements and examples of how financial institutions may violate these rules

Federal Law

• An understanding of what is the TILA-RESPA rule and TRID, what transactions are covered, disclosure requirements, tolerance limitations, changes that require re-disclosure,charges subject to zero tolerance.

• Also have knowledge of Loan Estimate and Closing Disclosure timing and delivery requirements, revision and correction requirements.

• An insight into most common RegZ deficiencies

• An understanding of RESPA and REG X requirements including Kickbacks and unearned fees, Penalties, Home ownership counseling requirements

• An working knowledge of Equal Credit Opportunity Act and Fair lending including Prohibited basis for discrimination, disparate treatment, permissible acts, certain notices, and acceptable income in loan review.

• An understanding of the Gramm-Leach Bliley act including privacy of consumer information, privacy notices and opt-out requirements

Non-Traditional Mortgages

• An understanding of changes to FHA guidelines in 2021 and how they will effect 2022 originations

• An understanding of the special rules put in place for COVID relief

• A knowledge of alternative products, including rehabilitation,

• Specialty Finance products including affordable housing programs.