3 Hour SC-BFI SAFE: Understanding South Carolina Mortgage Law Online Self-Study Pre-Licensing Education [Course #10960]

Course Format

My Mortgage Trainer, Inc. conducts this 3 Hour SC-BFI SAFE: Understanding South Carolina Mortgage Law pre-licensing education course in an online setting. Students can progress through the online modules at their own learning pace. The course utilizes My Mortgage Trainer, Inc.’s Learning Management System (LMS), which supports multiple browsers. Additionally, the course delivers its content in four (4) modules, accessible at any time. To enhance comprehension, the course incorporates case studies and practice quizzes. Following NMLS requirements, the class concludes with a final exam and survey. Upon enrolling in the class, participants receive a confirmation email containing login information to initiate the course. Upon logging in, participants must read and acknowledge the ROC’s agreement and confirm their identity through bio-signature to proceed with the online course.

3 Hour SC SAFE Course Topics

This course will cover key topics such as South Carolina Regulation, Licensing, and Operation, Compliance, and Disciplinary Action. By the end of the course, you will be able to:

• Understand the mission of SC-BFI and SC-DCA and become familiar with different business entities and license types each oversees;
• 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;
• Know where NMLS ID numbers are required on documentation as mandated by S.C. Code Ann. § 37-22-110, et seq. and S.C. Code Ann. § 40-58-10, et seq;
• Understand how to comply with required provisions of section S.C. Code Ann. § 37-22-140(K) when licensed mortgage lenders act as a mortgage broker;
• Explain how to disclose fees properly on a mortgage broker fee agreement and the timeline in which the mortgage broker fee agreement must be provided (S.C. Code Ann. § 40-58-75);
• Understand the consequences associated with failure to properly sign application forms;
• 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);
• Describe how state law differs from 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);
• Understand the mortgage log requirement.

Visit for more information on South Carolina Education Requirements: South Carolina Education Notice