zDelete – Late CE [For Reinstatement of 2010 License] – 8 Hour Online Comprehensive (1969)

Course zDelete – Late CE [For Reinstatement of 2010 License] – 8 Hour Online Comprehensive (1969) price $103

This course includes the following:
z2010 – 8 Hour Online CE – SAFE Comprehensive (1266 or 1969)

The content of this course is the same as Course ID 1266 and is intended to satisfy CE requirements for 2010 (you must take this course if you missed the 2010 renewal deadline). MLOs who take this course cannot take Course ID 1266 in 2011.

8 Hour Online CE – SAFE Comprehensive




This course covers SAFE Continuing Education Requirements for any state that does not require a state law course or a number of hours above 8.  Specifically, this online course includes 3 Hours on Federal Law and Regulations, 3 Hours on Ethics and 2 Hours on Nontraditional Mortgages.  The modules included are:

Federal Law Requirement – RESPA and SAFE

  • RESPA –Real Estate Settlement Procedures Act (enacted in 1974 implemented by Reg X).  Establishes specific disclosure requirements in the real estate settlement process and prohibits specific practices such as kickback.
  • Our discussion includes key insights into the new GFE and discusses the differences between the new and old GFE.
  • SAFE Act— Secure and Fair Enforcement Act for Mortgage Licensing (enacted in2008).  This act is a key component of the Housing and Economic Recovery Act of 2008 (Title V). The SAFE Act sets forth requirements for the licensing and registration of all mortgage loan originators and mandates the creation of a National Mortgage Licensing System and Registry (NMLSR).

Ethics Requirement – Ethics, Fair Lending and Fraud

This part of our 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


Nontraditional Mortgages Requirement – ARMs and IOs

This part of our 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 2007housing 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 mortgages

Learning Objectives

Upon successful completion of this course you will have a good basis in the required elements of the SAFE act, including an in-depth understanding of RESPA and SAFE and a rounded understanding of ARM and IO products as well fair lending, fraud schemes and predatory lending.




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