This brand-new continuing education elective course is approved by the Nationwide Mortgage Licensing System (NMLS) (#12634) and contains instruction on the key provisions of the Equal Credit Opportunity Act. This continuing education course is intended to satisfy one hour of elective requirements towards the 8 hours of required annual SAFE continuing education.
Remember that MLO licensees must complete 8 hours of continuing education annually that includes the following:
3 hours of instruction on federal regulations and law;
2 hours of ethics training (including training on consumer protection, fair lending issues, and fraud);
2 hours on lending standards for nontraditional mortgage products; and