Late CE: 2 Hour OR SAFE 2023 State Law Course (15132)

This course is designed to address your 2023 Late CE needs.

The purpose of this 2 hour class is to provide mortgage loan originators in Oregon with a comprehensive overview of the laws and regulations that affect them. This course is made up of two modules. 

The first module of this course is concerned with the overall regulatory framework. This module will start with a look at the SAFE Act and its influence on the regulations in Oregon. We will then examine Oregon’s Mortgage Lending Law (codified in Oregon Revised Statutes Chapter 86A) with special focus on licensing requirements and restrictions. Topics such as the handling of client funds, prohibited practices and conduct of mortgage professionals, record availability for the Director, restrictions on negative amortization loans, and disclosure are also covered here.

The second module dives into Oregon Administrative Rules and highlights some additional rules and Oregon-specific amendments related to mortgage loan origination. Further information on MLO licensing, what constitutes dishonest, fraudulent, or illegal conduct as a mortgage professional, record keeping practices, and reverse mortgages are covered. 

To promote comprehension, students will complete a 5-question quiz and short activity after each module. A 15-question final exam will wrap up the course.