10 Hour SAFE Core and Oregon Law 2024 MLO Package
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10 Hour Course
- $99.00
2 Hour OR SAFE 2024 State Law Course
Mortgage loan originators in Oregon can meet their 2-hour state-specific elective requirement toward their 10-Hours of required continuing education credits for their annual license renewal with this course. The 2024 update includes some newer topics, such as the use of assumed business names and professional accreditations.
Plus, we'll look at some of the basic topics for MLOs, including:
- A look at the mortgage lending regulatory scheme including the Oregon state and national SAFE Acts
- Licensing and renewal requirements for mortgage loan professionals
- Mortgage loan origination practice basics and updates
- Important disclosures and advertising regulations, and
- Some specifically prohibited practices
And that's to touch on but a few of the subjects covered here. So, sign up now and get your annual renewal going now with At Your Pace Online.
8 Hour SAFE Comprehensive: 2024 MLO Course Oregon
Every licensed and registered mortgage loan originator (MLO) in Oregon must complete eight hours of standard renewal education each year. There are four modules in the course, each focusing on a major topic.
Module one covers nationwide mortgage loan and MLO regulations. It includes a review of Regulation Z, the SAFE Act, and the Equal Credit Opportunity Act (ECOA), focusing on 10 common violations identified by the Multi-State Mortgage Committee as mandatory topics for the 2024 core continuing education classes.
The second module centers on ethics and consumer protection, with an emphasis on business ethics and the responsibilities of financial professionals. Then, we talk about consumer protection under the ECOA, and why fair lending practices matter. Lastly, we discuss mortgage fraud and ways to spot and stop lending schemes.
The third module explores the risks of non-traditional mortgage options and compares them to the 30-year fixed-rate mortgage loan. We'll cover reverse mortgages, lending standards, adjustable-rate mortgages (ARMs), high-cost loans, and counseling requirements. We’ll also discuss government programs, owner financing, and other loan options.
In the fourth module, we describe renovation mortgage loans and explain when to use them. The focus is on Fannie Mae HomeStyle® and FHA 203(k) renovation loans.
A quiz ends each module. Students will read a short case scenario and then answer questions related to the covered material. The course will conclude with a 25-question final exam.
Show Course ID: 1
- Course ID(s): 16239, 16204
- Approved By: NMLS
Instructor Bio
Mary Tillery is the instructor for all of our MLO continuing education courses. She has been sharing her expertise with fellow mortgage loan originators for more than 35 years as a lending educator. Learn more about Mary’s background here.