The content for this course is the same as course ID 7429 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 7429 in 2019.
This course will focus on the laws and rules that regulate mortgage loan originators doing business in Kentucky. In Module 1, students will review the Kentucky Department of Financial Institutions and important definitions under Kentucky law. Students will review issues related to obtaining and maintaining a license, as well as required conduct. In Module 2, students will examine compliance issues for licensees, specifically prohibited conduct related to licensing oversights, use of illegal company names, and fees and charges. Finally, students will review disciplinary action that may be taken by the Commissioner for violations of the law and regulations.
This course satisfies the one-hour Kentucky-specific continuing education requirement for loan originators, as specified by Kentucky law. In addition to one hour of Kentucky-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.