Late CE 1 Hour DC SAFE: Washington DC Mortgage Continuing Education (14842)

​​​​​​​This course is approved for "Late CE" credit only.

Mortgage licensees in the District of Columbia are required by the Department of Insurance, Securities, and Banking (DISB) to take a 1-hour course on local mortgage laws and regulations.

In this course, licensees will review several DISB regulations. The first chapter of this course will outline licensee conduct that is prohibited by consumer protection laws. The second chapter will go over the activities that licensees are expected to comply with when working with residential mortgage loans. The third chapter in this course will describe the disclosures and agreements that must be given to loan applicants, and the fourth chapter will describe the District's laws relating to usury, points, and interest rates.

Licensees who do not complete their annual mortgage license training may be placed in a Reinstatement Period and are prohibited from practicing mortgage loan origination activities until their licenses are reactivated and their continuing education requirements have been completed. Licensees have until the end of February to bring their licenses up to date. A penalty Reinstatement Fee may apply when renewing your license. A license will expire if it is not renewed during the Reinstatement Period.

Not every state agency allows for reinstatement of a license. Check the Annual Renewal Information page on the NMLS website to verify if the agency you are licensed under allows for reinstatement, when the last date of reinstatement is, and what the applicable penalty fees may be.

• https://mortgage.nationwidelicensingsystem.org/slr/common/renewals/Pages/default.aspx

Topics and Learning Objectives

This course is broken down into several learning topics. At the end of the course a 15-question final exam will be given. The topics included in this course are:

1. Prohibited Conduct

2. Conduct Required by Law 

3. Agreements and Disclosures

4. Interest and Usury 

5. Case Study 

6. Final Exam 

Total study time: 1 credit hour (50 minutes)

NMLS ID Required

You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.

If you already have an NMLS ID but don't remember what it is:

• Login into NMLS
• Click on the Composite View tab.
• Click View Individual on the sub-header row.
• The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center