4 Hour NC SAFE: State Law Pre-Licensing Education Course
This is a North Carolina-specific classroom equivalent (CEQ) pre-licensing education elective course for new mortgage loan originators (MLOs). This course satisfies the 4 hour North Carolina mortgage pre-licensure education requirement.
By the end of this course, learners will be able to:
- Relate the duties and responsibilities of the NC state regulatory authority
- Describe the requirements for initial licensure as an MLO
- Restate the key definitions
- Indicate the requirements for renewal of MLO licenses
- Restate the requirements for reporting and recordkeeping
- Discuss the requirements for continuing education
- Understand what is considered a prohibited act
- Relate the possible disciplinary actions the Commissioner can take for violations
- Identify what mortgage fraud is and how it is penalized
- Clearly cover information pertaining to consumer complaints
- Explain the rules pertaining to Home Equity Lines of Credit, Fair Housing, & interest rates
- Identify the requirements for disclosures of loan terms
- Determine applicable reasons for default
- Discuss prohibited acts
- Relate the penalties for violations
- Understand the requirements for taxes, insurance, and assessments
- Chapter 1: Licensing in NC
- Chapter 2: Compliance and Disciplinary Action
- Chapter 3: Reverse Mortgages
