The content for this course is the same as course ID 7444 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 7444 in 2019.
This course will focus on the laws and rules that regulate mortgage loan originators doing business in Hawaii. In Module 1, students will examine the authority of the Hawaii Division of Financial Institutions and important definitions under the law. Students will also review required conduct for mortgage licensees, including duties related to notification requirements and responsibilities of qualified individuals. In Module 2, students will review advertising provisions, as well as prohibited practices for licensees under the Hawaii S.A.F.E. Act. Students will also take a look at the Uniform Deceptive Trade Practices Act and disciplinary action which may be taken when a licensee violates the law.
This course satisfies the one-hour Hawaii-specific continuing education requirement for loan originators, as specified by Hawaii law. In addition to one hour of Hawaii-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.