South Carolina - BFI Mortgage Late CE Online Courses 

NMLS-approved online courses provide South Carolina - BFI MLOs with required late continuing education

Course Search
Get your South Carolina - BFI Late CE mortgage loan originator continuing education with our NMLS-approved course

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

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

Format | Online Self-Paced

Credit Hours | 7

Category | Elective

SKU | 4303US19110A00

$134.00

More Info

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 SC-BFI SAFE A Fresh Look at South Carolina Law (7596)

Format | Online Self-Paced

Credit Hours | 1

Category | Elective

SKU | 4303SC19510A00

$59.00

More Info

The content for this course is the same as course ID 7596 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 7596 in 2019. This course will provide a review of the topics outlined by the South Carolina State Board of Financial Institutions (BFI) and the South Carolina Department of Consumer Affairs (DCA) which are required to satisfy continuing education requirements for mortgage loan originators in the state. Required topics include recent legislative changes to the Mortgage Broker Act (MBA) and the Mortgage Lending Act (MLA). Students will also review other provisions of the law, including those related to attorney preference forms, unique identifiers, mortgage broker fee agreements, and mortgage log requirements. This course satisfies the one-hour South Carolina-specific continuing education requirement for loan originators, as specified by South Carolina law. In addition to one hour of South Carolina-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.

 Your Success is Our #1 Priority

OnCourse Learning empowers aspiring mortgage loan originators 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
  • Exam prep tools to help you pass your NMLS license exam
  • Over 50 years of mortgage education experience

We’ve helped over 300,000 mortgage brokers begin and advance their careers. Get started today!

South Carolina BFI Mortgage License Requirements

Learn about the South Carolina (BFI) mortgage education requirements for mortgage licensing.

In the state of South Carolina (BFI), mortgage loan originators are required to:

    1. Complete a Criminal Background Check (CBC).
    2. Authorize a credit report through the NMLS.
    3. Fulfill all state and federal education requirements as designated by your state agency.
    4. Take and pass both National Component and South Carolina State Component Tests.
    5. Have attained the age of at least eighteen years of age.
    6. Work for a licensed mortgage lender (W2 employee).
    7. Have never had a loan originator license revoked in any governmental jurisdiction.
    8. Have not been convicted of, or pled guilty or nolo contendere to, a felony in a domestic, foreign, or military court (1) during the ten-year period preceding the date of the application for licensing or (2) at any time, if the felony involved an act of fraud, dishonesty, breach of trust, or money laundering.
    9. Submission of an authorization to release.

South Carolina (BFI) 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
  • 3 hours of South Carolina-specific law
  • 9 hours of electives

South Carolina (BFI) 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 South Carolina-specific law

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.

South Carolina (BFI) Mortgage Licensing: 

NMLS Resources:

Join our mailing list and get access to the latest courses, discounts and insights!  You may unsubscribe at any time

20225 Water Tower Blvd. Brookfield, WI 53045
© 2019 OCL Financial Services, LLC. All rights reserved.
NMLS Provider #1400013