1.4.1 Pre-Licensure Courses
- (a) Individual Core Course Federal Law
- Courses intending to satisfy the federal law portion of the SAFE
Act requirements. The course title must begin with the number of
hours (3 Hour), the word SAFE, and must contain the words Federal
and Law.
Example: 3 Hour SAFE: Federal Mortgage Law.
- (b) Individual Core Course Ethics
- Courses intending to satisfy the ethics portion of the SAFE Act
requirements. The course title must begin with the number of hours (3 Hour), the
word SAFE, and must contain the word Ethics as well as
Fraud, or Consumer Protection, or Fair Lending.
Example: 3 Hour SAFE: What the Loan Originator Needs to Know About Ethics and Consumer Protection.
- (c) Individual Core Course Nontraditional Mortgage
- Courses intending to satisfy the nontraditional mortgage portion of the
SAFE Act requirements. The course title must begin with the
number of hours (2 Hour), the word SAFE, and must contain the words
Nontraditional and Mortgage.
Example: 2 Hour SAFE: Emergent Standards for Nontraditional Mortgages.
- (d) Individual Elective Course
-
Course intending to satisfy all or a portion of the elective portion of the SAFE Act requirements. The course title must begin with the number of hours (can be no less than 1 Hour), the word SAFE. Example: 1 Hour SAFE: Understanding TRID
- Individual Elective Course (State Agency Specific): Course
intending to satisfy only a state agency specific education requirement.
These courses need to cover the required topics as mandated by the state
agency and/or domain topics for the state test outline and must include
citations and references to state laws as well as state agency specific
case studies. The number of hours can exceed but is never less than the
number of hours required by the state agency. The course title must
begin with the number of hours, the State’s two letter abbreviation (and
the state agency abbreviation if applicable), and the word
SAFE.Note: The following states have two licensing agencies or laws and require the state agency code in the course title: CA-BRE, CA-DFPI, IN-DFI, IN-SOS, OH-OMLA, OH-OMBA, SC-BFI, SC-DCA, TX-OCCC, TX-SML, UT-DFI, UT-DRE.
Example: 4 Hour NC SAFE: North Carolina Laws
Example: 4 Hour OH-OMBA SAFE: State Law Review
Example: 2 Hour IN-SOS SAFE: Understanding State Law
- Individual Elective Course (State Agency Specific): Course
intending to satisfy only a state agency specific education requirement.
These courses need to cover the required topics as mandated by the state
agency and/or domain topics for the state test outline and must include
citations and references to state laws as well as state agency specific
case studies. The number of hours can exceed but is never less than the
number of hours required by the state agency. The course title must
begin with the number of hours, the State’s two letter abbreviation (and
the state agency abbreviation if applicable), and the word
SAFE.
- (e) Core Course
-
Courses intending to satisfy each of the three SAFE Act course requirements (federal law, ethics, and nontraditional mortgage). The course title must begin with the number of hours (8 Hour) and the words SAFE Core.
Example: 8 Hour SAFE Core: Loan Originators Basics.
- (f) Comprehensive Course
-
Courses intending to satisfy all of the pre-licensure requirements of the SAFE Act. The course title must begin with the number of hours (20 Hour), and the words SAFE Comprehensive.
Example: 20 Hour SAFE Comprehensive: Mortgage Loan Originator.
- Comprehensive Course with State Agency Specific Content: Courses
intending to satisfy all of the pre-licensure requirements of the
SAFE Act and containing state agency specific content.
The course title must begin with the number of hours, the State’s two
letter abbreviation (and the state agency code if applicable), and the
words SAFE Comprehensive. Note: The following states have two licensing agencies or laws and require the state agency code in the course title: CA-BRE, CA-DFPI, IN-DFI, IN-SOS, OH-OMLA, OH-OMBA, SC-BFI, SC-DCA, TX-OCCC, TX-SML, UT-DFI, UT-DRE.
Example: 24 Hour NC SAFE Comprehensive: Becoming an MLO in North Carolina
Example: 24 Hour OH-OMBA SAFE Comprehensive: Mortgage Loan Origination Basics
Example: 20 Hour IN-SOS SAFE Comprehensive: Preparing for the Industry
- Comprehensive Course with State Agency Specific Content: Courses
intending to satisfy all of the pre-licensure requirements of the
SAFE Act and containing state agency specific content.
The course title must begin with the number of hours, the State’s two
letter abbreviation (and the state agency code if applicable), and the
words SAFE Comprehensive.
