About This Course State mortgage regulations are constantly evolving and keeping up with these changes can prove challenging. This course will focus on the laws and rules that regulate mortgage loan originators, lenders and brokers doing business in South Carolina. Students taking this course will focus on a variety of topics, including a review of fictionalized scenarios based on real decisions made by regulatory authorities overseeing mortgage business in South Carolina. This South Carolina-DCA state elective is NMLS-approved for the one hour of state specific education required for mortgage loan originators to renew their South Carolina-DCA mortgage license.
What You'll Learn
- Important definitions related to mortgage business in South Carolina
- Requirements for mortgage lender, broker and loan originator license applicants in South Carolina
- Legislative changes impacting licensed office requirements for mortgage brokers
- Required conduct for mortgage licensees in South Carolina
- Disclosure requirements for mortgage loan transactions
- Provisions of the South Carolina Reverse Mortgage Act
How it Works This course is delivered via a live feed of an instructor presenting course material and is designed to allow the student to communicate in real time with the instructor as well as fellow students.
All information and material for your NMLS approved live webinar course will be sent to you one business day before your scheduled start day. The information sent to you will include step-by-step instructions for how to register for your webinar, as well as a syllabus providing a brief outline of your course and background information on your instructor. You must be present and attentive for the full length of the webinar. If you are unable to complete any section of the class, you will be required to reschedule. You will be required to check in at random points during the course to confirm attendance. Any missed check-in will prevent you from receiving credit, and you will be required to reschedule. Before you are able to receive credit, you must also sign your Rules of Conduct document (ROC), which will be made available to you before your scheduled start time.