4 Hour WA SAFE: Washington State Law
This is a Washington-specific classroom equivalent (CEQ) pre-licensing education elective course for new mortgage loan originators (MLOs). This course satisfies the 4 hour Washington mortgage pre-licensure education requirement.
By the end of this course, learners will be able to:
- Restate key definitions.
- Discuss the state regulatory agency and their requirements.
- Understand what good standing means.
- Relate the requirements for licensing as an MLO.
- Identify the requirements for advertising, trust accounts, and required conduct.
- Restate key definitions.
- Identify the requirements for licensure as a mortgage lender.
- Describe requirements for interest rates, disclosures, and advertising.
- Discuss requirements for proprietary reverse mortgages.
- Relate the requirements for servicing.
- Restate requirements under the Escrow Agent Registration Act.
- Identify unfair practices with respect to real estate transactions, mortgage deed of trust and real estate contracts.
- Describe WA law regarding real estate and appraisal law.
- Discuss WA principle and agent law.
- Relate the requirements under the Usury Act.
- Chapter 1: WA Mortgage Brokers Act
- Chapter 2: Consumer Loan Act
- Chapter 3: Additional State Specific Topics
