Source: https://www.elliemae.com/education/courses/one-hour-sc-bfi-safe-2019-requirements-and-prohibitions
Timestamp: 2019-12-08 15:44:45
Document Index: 396016460

Matched Legal Cases: ['§ 37', '§ 40', '§ 37', '§ 37', '§ 40', '§ 37', '§ 40', '§ 40', '§ 37', '§ 37']

1 Hour SC-BFI SAFE: 2019 Requirements and Prohibitions | Ellie Mae
1 Hour SC-BFI SAFE: 2019 Requirements and Prohibitions
NMLS #10539
The 1 Hour SC SAFE: Requirements & Prohibitions course meets SAFE Act continuing education requirements for mortgage loan originators through review and analysis of state licensing requirements, disclosure requirements, and prohibited activities.
Recognize key concepts related to South Carolina mortgage loan originator licensing
Understand the Mortgage Log requirement (S.C. Code Ann. § 37-22-210; S.C. Code Ann. § 40-58-65)
Understand how to comply with required provisions of S.C. Code Ann. § 37-22- 140(K) when licensed mortgage lenders act as a mortgage broker
Understand implications of a borrower’s failure to properly sign application forms
Know when to provide the attorney insurance preference form to consumers and ascertain the consumer’s preference as required by S.C. Code Ann. § 37-10-102
Explain how to disclose fees properly on mortgage broker fee agreement and the timeline in which the mortgage broker fee agreement must be provided (S.C. Code Ann. § 40-58-75)
Identify where the Nationwide Mortgage Licensing System (NMLS) ID numbers are required on documentation as required by S.C. Code Ann. § 37-22-110, et seq. and S.C. Code Ann. § 40-58-10, et seq.
Describe how state law is different from federal law regarding prohibited activities and mortgage broker fee agreement (S.C. Code Ann. § 40-58-70, 75 & 78; S.C. Code Ann. § 37-22-190)
Articulate the requirements associated with the disclosure that identifies the agency designated to receive complaints or inquiries from the consumer (S.C. Code Ann. § 37- 23-70)
This course satisfies one hour of NMLS-approved Continuing Education training as an elective. Tuition for this course is $60.00 and includes the Credit Banking and Admin Fee applicable to this course.
Students have until December 31 in the year in which the course is purchased to complete the course. You may complete the course at any time during this period. However, course providers are afforded seven calendar days to credit the student’s NMLS account following successful completion of the course. It is strongly advised that you complete the course at least one week prior to the December 31 deadline.
Individuals requiring NMLS approved continuing education in the SC-BRI licensing authority.