Source: https://www.elliemae.com/education/courses/1-hour-sc-safe-bfi-2020-consumer-protections-11860
Timestamp: 2020-05-31 07:23:50
Document Index: 523042367

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

1 Hour SC SAFE: BFI 2020 Consumer Protections #11860 | Ellie Mae
1 Hour SC SAFE: BFI 2020 Consumer Protections #11860
NMLS #11860
Regulators in the state of South Carolina have selected specific topic requirements for your continuing education course.
This year, the 1 Hour SC BFI: 2020 Consumer Protections course covers the Mortgage Broker Act and Mortgage Lending Act to include definitions, information about licensing, examinations, escrow accounts, disclosures and advertising as well as enforcement including disciplinary actions and penalties for prohibited acts.
Recognize key concepts related to South Carolina mortgage loan originator and mortgage broker laws and regulations such as:
Delivering and explaining disclosures
Describing differences between state law and federal law regarding prohibited activities and the mortgage broker fee agreement (S.C. Code Ann. § 40-58-70, 75 & 78; S.C. Code Ann. § 37-22-190)
Consequences associated with failure to properly sign application forms
Completing the mortgage log requirement (S.C. Code Ann. § 37-22-210; S.C. Code Ann. § 40-58-65) o	Complying with required provisions of section S.C. Code Ann. § 37-22- 140(K) when licensed mortgage lenders act as a mortgage broker
Identify where the Nationwide Mortgage Multistate 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.