2 Hour WV SAFE: 2026 Continuing Education Online Self-Study Course #18453
In this course, we will discuss all the topics required by the West Virginia Division of Financial Institutions for 2026. We will cover many topics related to licensing and advertising in Chapter 1 and then transition to talk about required and prohibited conduct in Chapter 2.
NMLS Provider ID #1400062
CE 1 Hour Minnesota SAFE Course ID #
$65.94
By the end of this course, learners will be able to:
- Describe the MLO license renewal process in WV
- Examine the financial responsibility and minimum standards for renewal
- Explain the lender, broker, and branch requirements and the renewal process
- Summarize the record retention requirements for WV loan documents per 106CSR5 Legislative Rules
- Emphasize the compliance issues related to advertising and social media, including the NMLS ID #
- Explain the restrictions on the use of the term “banker” in WV
- Examine prohibited acts under WV laws, including unlawful acts and practices
- Review case study to reinforce unlawful acts and practices
- Describe the Tangible Net Benefit requirements and demonstrate proper completion of the WV statutorily required form
- Examine the determination of ability to repay and additional requirements imposed upon lenders with required disclosures on certain loan products
- Explain the loan-to-value limitations of 100%, unless program is specifically exempted by state statute
- Identity all fee limitations throughout the mortgage loan process
- Discuss allowable delinquency charges and correct disclosures
- Summarize balloon payments and requirements for WV loans
- Discuss the non-local appraiser requirements and review a case study in regard to appraisal fraud
- Overview of required disclosures and agreements
- Describe the requirements regarding the Good Funds Settlement Act
- Explain the fiduciary duty of the lender and review related penalties
Chapter 1: WV Licensing Maintenance & Renewals and Advertising
Chapter 2: Prohibited Acts
