20 Hours SAFE PE (Includes MD State Law) – WEBINARS

Course 20 Hours SAFE PE (Includes MD State Law) -WEBINARS


This course includes the following:
2 Hour Webinar SAFE PE – Loan Basics (1093)
3 Hour Webinar SAFE PE – Ethics, Fair Lending and Fraud (1075)
4 Hour Webinar SAFE PE – Federal Law: Credit and Information (1162)
4 Hour Webinar SAFE PE – Federal Law: TILA (1160)
4 Hour Webinar SAFE PE – Nontraditional Mortgages Overview (1156)
ONLINE PE – 5 Hour SAFE PE – Maryland State Law (1701)

20 Hour SAFE PE (Includes Maryland State Law)



This course covers SAFE Prelicense Education Requirements for any state without state-specific education. Specifically, this course includes the required 5 Hours on Maryland State Law, 4 Hours on Federal Law and Regulations, 3 Hours on Ethics, 2 Hours on Nontraditional Mortgages and other courses that will complete your 20 hour requirement.

Loan Basics

This course provides the “key elements” a loan officer needs to understand as they enter the mortgage industry. It focuses on the most critical part of the business – qualifying a customer and making the right type of loan for the right client.

We cover the “Three C’s” of Credit, Collateral and Capacity, various documentation required for loans and give an overview of some basic loan products.

Nontraditional Mortgages:ARMs and IOs

This course summarizes various types of adjustable rate and interest only non-traditional mortgages that have been introduced over the last 30 years.  This course is taught in context of the 2007 housing meltdown and includes the features, pros/cons and pitfalls of each type of loan.

Specific loans covered include
•    Adjustable rate mortgages (ARMs)
•    Interest Only mortgages (IOs)
•    Negative Amortization mortgage

Ethics, Fair Lending and Fraud

This course provides an ethical foundation and summary for Fair Lending Laws, a summary of fraud schemes and preventative measures and, lastly, focuses on a couple of key topics in Fair Lending.  Specifically, this course includes the following modules:

  • How Laws Enforce Ethics – this module covers the ethical and economic basis for laws and discusses the purpose of various fair lending laws in the mortgage industry.
  • More on HOEPA and Predatory Lending – this module details the topic of predatory lending, showing the various methods that have been used and the general prohibitions HOEPA outlines to protect consumers from these practices
  • More on Yield Spread Premiums – this module delves deeper into the hot topic of Yield Spread Premiums
  • Mortgage Fraud – this module covers the common mortgage schemes that have been practiced as well as some basic preventative measures

Federal Law:Credit and Information

In this course, we are going to cover a number of Federal Laws and regulations that deal with the extension of credit to borrowers based on information about the borrower and the handling and use of consumer information in the mortgage industry.   Specifically, we will cover the below.

Federal Law : TILA

In this course, we are going to cover the Truth-in-Lending Act, generally known as TILA.   Along with any discussion of TILA, there are several important amendments.  One that we will spend a fair amount of time on is HOEPA.   We have also included the newest updates resulting from MDIA.  Knowing TILA well will be critical for your business with regards to regulators, litigation and reputational challenges.

This course additionally details the Truth-In-Lending Disclosure, the Right to Rescission Form and the Section 32 Truth-In-Lending Disclosure

Maryland State Law

This course covers Maryland Law relevant to Mortgage Loan Originators (MLOs).  During this 5-hour pre-licensing course, we will discuss several laws including: Maryland Administrative Code; Subtitle 5-Maryland Mortgage Lender Law; Title 6-Maryland Mortgage Originator Law; Title 12-Commercial Law; and Maryland’s Finders’ Fee Law.

Throughout the training, we will emphasize compliance requirements and the repercussions of non-compliance to both Federal and State lending laws through the various disciplinary actions afforded the Department of Labor, Licensing and Regulation, Division of Financial Regulation, which is the state regulator of Maryland’s mortgage industry.

20 Hours SAFE PE (Includes MD State Law) -WEBINARS


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