2 Hour CO SAFE: State Law Pre-Licensing Education Course
This is a Colorado-specific classroom equivalent (CEQ) pre-licensing education elective course for new mortgage loan originators (MLOs). This course satisfies the 2 hour Colorado mortgage pre-licensure education requirement.
By the end of this course, learners will be able to:
- Indicate the responsibilities and limitations of the CO-DRE
- Discuss the agency structure of the CO-DRE
- Understand key definitions outlined in the chapter
- Restate the requirements for initial licensure
- Identify exemptions from licensure
- Describe the application process
- Discuss the grounds for denying a license
- Relate the requirements for renewal
- Understand the recordkeeping and reporting requirements
- Discuss maintaining personal information updates
- Restate required conduct under Colorado law
- Identify prohibited acts and practices
- Describe the requirements for written contracts
- Discuss advertising practices
- Relate acceptable fees and costs
- Restate the procedures for notifications, hearings and appeals
- Identify the reasons for suspension, revocation or rescission of licenses
- Describe penalties, fines and restitution
- Discuss civil and criminal liability
Chapter 1: Licensing Law and Regulation
Chapter 2: Compliance
