Late CE 1 Hour Minnesota SAFE: Minnesota State Law Continuing Education (12571) [NMLS #13488]

Course Format: Online / Self-Paced
Credit Hours: Late 1 Hour CE
NMLS Approval #13488

Late CE is for MLO’s looking to make-up CE hours for from
2010 – 2021. As a licensed MLO the SAFE ACT requires licensed MLO’s to take
annual continuing education and when an MLO fails to do so, MLO’s must take a
SAFE late CE course approved by the NMLS. Usually, this is an MLO who is
returning to the business as a licensed MLO where the application process for a
license requires you to satisfy any CE deficiencies for the last year you were
licensed.

Late CE courses are configured such that upon completion,
course credit will be retroactively applied to 2021, 2020, 2019, 2018, 2017,
2016, 2015, 2014, 2013, 2012, 2011 or 2010, depending on the needs of the particular
MLO.

The content for this course is the same as course ID 12571 and is intended to
satisfy CE requirements for 2010-2021. MLOs who take this course are prohibited
from taking Course ID 12571
in 2022.

This late continuing education elective course is approved by the Nationwide Mortgage Licensing System (NMLS) (#13488 and meets Minnesota’s requirement for one (1) hours of Minnesota-specific education.  Licensees must complete a minimum of eight (8) hours of certified continuing education (CE) in order to renew licenses. The education must include at least:

• • Three (3) hours of federal law and regulations;
  • Two (2) hours of ethics which includes fraud, consumer protection, and fair lending issues;
  • Two (2) hours of non-traditional lending;
  • One (1) hour of Minnesota-specific education.

This Minnesota 1 Hour CE course meets Minnesota’s requirement for 1 hour of instruction on Minnesota Mortgage Law and will cover such topics as Residential Mortgage Loans, Required Conduct, Prohibited Acts and Practices, and Penalties.