LATE CE 1 Hour SC-DCA SAFE: Complying with SC Law OSS (16983)

Course Objectives

By the end of this course, learners will be able to:

• Know when to provide an attorney insurance preference form to consumers and ascertain the consumer’s presence
• Identify where NMLS ID numbers are required on documentation
• Understand how to comply with the required provisions regarding when licensed mortgage lenders act as mortgage brokers
• Explain how to disclose fees properly on the mortgage broker fee agreement and that timeline in which the mortgage broker fee agreement must be provided
• Understand the consequences for failing to properly sign application forms
• Articulate the requirements associated with the disclosure that identifies the agency designated to receive complaints or inquiries from the consumer
• Describe how state law is different from federal law mortgage broker fee agreements
• Understand the mortgage log requirement
• Restate the discussed definitions
• Identify the requirements for applicants and licensees with regards to criminal background checks and the adoption of the Uniform State Test
• Describe the requirements for residences being licensed as a licensed location
• Discuss the updated exemptions in mortgage lending law
• Relate the requirements related to the broker brick and mortar removal
• Restate the requirements for licensure renewal in South Carolina
• Describe how state law is different from federal law regarding prohibited activities
• Articulate the requirements associated with the disclosure that identifies the agency designated to receive complaints or inquiries from the consumer
• Redefine mortgage fraud
• Discuss the more common types of fraud in today’s industry
• List potential red flags of occupancy and income fraud