California - DBO Mortgage Late CE Online Courses 

NMLS-approved online courses provide California - DBO MLOs with required late continuing education

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Get your California - DBO Late CE mortgage loan originator continuing education with our NMLS-approved course

Our NMLS-approved California - DBO mortgage Late CE course satisfies your ongoing requirements for mortgage loan originator licensure. California Late CE is required if you did not take your continuing education on time. Take your Late CE today to make-up your California MLO continuing education. 

Late CE: 7 Hour SAFE Core Examining Industry Issues in Today's Mortgage Market (7623)

SKU : 4303US19110A00

Credit Hours | 7

Category | Elective

$134.00

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As the mortgage industry continues to evolve, mortgage loan originators must stay abreast of the topics most pertinent to their everyday business. Examining Industry Issues in Today�s Mortgage Market provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the Real Estate Settlement Procedures Act, the Truth-in-Lending Act, and the TILA-RESPA Integrated Disclosure Rule, specifically rules for filling out the Loan Estimate and Closing Disclosure for both a fixed-rate and an adjustable-rate mortgage transaction. In addition, students will take a look at the new Uniform Residential Loan Application and provisions of the law related to money laundering in the mortgage industry. This course is NMLS-approved for seven hours of core continuing education required for mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act. Annual S.A.F.E. Act continuing education requirements include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, and one hour of elective education, for a total of eight hours.

Late CE: 1 Hour CA-DBO SAFE A Fresh Look at California Mortgage Law (7480)

SKU : 4303CA19510A00

Credit Hours | 1

Category | Elective

$59.00

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The content for this course is the same as course ID 7480 and is intended to satisfy CE requirements for 2018 or the last year a mortgage loan originator held an active license. Mortgage loan originators who take this Late CE course are prohibited from taking course ID 7480 in 2019. This course will focus on the laws and rules that regulate mortgage loan originators doing business in California. The topics included in this course are presented according to those outlined by the state as subjects that must be included in order to satisfy the continuing education requirements for mortgage loan originators. In Module 1, students will spend 30 minutes reviewing required conduct under the California Finance Lenders Law and the California Residential Mortgage Lending Act. In Module 2, students will spend the first 10 minutes continuing their review of the California Finance Lenders Law and the California Residential Mortgage Lending Act by examining prohibited conduct and disciplinary action. Students will spend the last 20 minutes of the course reviewing the California Homeowner Bill of Rights, specifically how it improves fairness for borrowers in the foreclosure process. This course satisfies the one-hour California DBO-specific continuing education requirement for loan originators, as specified by California law. In addition to one hour of California-specific education, annual S.A.F.E. Act continuing education requirements include three hours of federal law, two hours of ethics, and two hours of nontraditional mortgage lending.

 

 

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OnCourse Learning empowers aspiring mortgage loan originators (MLOs) and seasoned mortgage loan officers to take their learning experience to the next level. Get and maintain your NMLS license with:

  • NMLS approved mortgage pre-licensing, continuing education and late CE courses
  • NMLS test prep tools to help you pass your NMLS license exam
  • Over 20 years of mortgage education experience

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California DBO Mortgage License Requirements

Learn about the California (DBO) mortgage education requirements for mortgage licensing.

In the state of California, mortgage loan originators, under the Department of Business Oversight (DBO), are required to:

    1. Complete a Criminal Background Check (CBC).
    2. Authorize a credit report through the NMLS that demonstrates financial responsibility.
    3. Fulfill all state and federal education requirements as designated by your state agency.
    4. Take and pass the National Component.
    5. All applicants must apply for a license through the NMLS by filing a Form MU4 and receiving a sponsorship by a company holding a valid unique identifier with NMLS and which is licensed by the California Department of Business Oversight (formerly Department of Corporations).
    6. An applicant must demonstrate financial responsibility, character and general fitness such as to command the confidence of the community and to warrant a determination that the mortgage loan originator will operate honestly, fairly and efficiently.
    7. Coverage by a surety bond provided by the mortgage loan originator’s employer.

California (DBO) NMLS Pre-Licensing Education Requirements:

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

  • 3 hours of federal law
  • 3 hours of ethics
  • 2 hours of non-traditional mortgage lending training
  • 10 hours of electives
  • 2 hours of California state-specific education

California (DBO) Continuing Education Requirements:

State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of California state-specific education

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

California (DBO) Mortgage Licensing:

  • California Department of Business Oversight
  • Phone: 213-576-7565
  • Website: www.dbo.ca.gov

NMLS Resources: