1 Hour SC SAFE: BFI 2020 Consumer Protections #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.

11860_SC-BFI.png


Please note that the SAFE Act specifically prohibits the taking of the same course in successive years.

Agenda

Upon completion of this course, you will be able to:

  • 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.

Download Agenda

Delivery 

Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles and real-world examples, with audio and/or video recordings of industry experts.

The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. This course will take no less than one hour to complete.

Tuition and Registration 

Tuition for this course is $63.00 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.

NOTE: The SAFE Act specifically prohibits the taking of the same course in successive years.

For more information or to register by phone, call your Regional Account Executive at (800) 848-4904 or visit http://elliemae.com/allregs.