2 Hour FL SAFE: Florida State Law
This is a Florida-specific classroom equivalent (CEQ) pre-licensing education elective course for new mortgage loan originators (MLOs). This course satisfies the 2 hour Florida mortgage pre-licensure education requirement.
By the end of this course, learners will be able to:
- Understand Licensing and Operation of Mortgage Brokers & Lenders, including Net Worth Requirements
- Describe Licensing & Regulation of Mortgage Professionals
- Relate the Powers and Mission of the Florida Office of Financial Regulation
- Restate Requirements for Examination & Audits
- Identify Requirements for Records, Financial Statements & Reports
- Give examples of prohibited acts and practices
- Restate the penalties for violations
- Describe the requirements for loan commitments, lock-in agreements, and loan modifications
- Identify the requirements for the homestead exemption
- Relate the potential disciplinary actions the FL-OFR can take
Chapter 1: Licensing & Regulation
Chapter 2: Compliance & Disciplinary Action
