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2 Hour OR SAFE: Oregon Mortgage Continuing Education

Oregon CE 2 Hours Online Self-Study CE Elective

2 hour state-specific online continuing education course for Oregon mortgage loan originators.

This Oregon NMLS course meets the DCBS state-specific requirement for MLO annual license renewal.

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Included Standard:

Online Course Online Audio Printable Certificate PDF & EPUB eBook

Key Features:

Online Course

All learning is online. Start immediately. Learn on your own schedule.

Online Audio

Read-along audio plays the course text back to you.

Printable Certificate

Download and print your own certificate.

PDF & EPUB eBook

Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.


The objective of this 2-hour Oregon mortgage licensing continuing education course is to review several of the state's consumer protection laws and review ethical conduct expected of licensees who conduct business within this state. These laws are to preserve consumer confidence in the mortgage industry and allows them some protection when facing troubling situations such as identity theft, overwhelming debt, or even a loan default. There are also regulations that outline what licensees can and cannot do when assisting a consumer with a financial transaction.

Please review the Course Syllabus for details about this course.

This course satisfies 2 hours of required continuing education for Oregon licensed mortgage loan originators. This course is approved by the NMLS. A valid NMLS ID number is required to receive credit for this course. Certain states may have additional requirements beyond what this course provides. Be sure to check with your state to see if this course meets your needs.

This course is new for 2023 and meets the SAFE Act's "successive years" rule.

Package Summary

Price: $29.50 (USD)
+ $3.00 NMLS Credit Banking Fee
Credit Hours: 2
Category: Vocational Training > Mortgage > Continuing Education > Oregon > CE Elective
Purpose: 2 hour state-specific online continuing education course for Oregon mortgage loan originators.
Features: Online Text, Online Audio, Printable Certificate, PDF eBook

Courses Provided By:

14355 SW ALLEN BLVD STE 240,
Portland, OR 97223
(503) 670-9278

NMLS Course Provider ID: 1400327

Enrollment Agreement:

Purchase of this package requires that you read and acknowledge an Enrollment Agreement before receiving credit for any courses contained in this package. Please review the following:

2 Hour OR SAFE: Oregon Mortgage Continuing Education

NMLS Course ID: 14989

NMLS Sponsor ID: 1400327

Credit Hours Provided: 2

Category: CE Elective

View Course Syllabus

graphicThis course will cover several fundamental state regulations that Oregon mortgage loan originators must be familiar with. Being familiar with important laws in Oregon's residential mortgage loan industry will ensure that mortgage loan originators are compliant with the state's expectations of MLO behavior.

This five-module course starts out with a description of the Department of Consumer and Business Services (DCBS) and its Division of Financial Regulations (DFR). We'll then review licensing requirements, financial statements, reporting changes to the DCBS, and MLO restrictions on working for a single entity in the second module of the course. The third module covers consumer disclosures in certain residential mortgage transactions, handling client trust funds, and regulations with advertising mortgage products. The fourth module covers various prohibited acts that licensees cannot participate in during the course of business, and the fifth module explains the DCBS investigation process.

Topics and Learning Objectives

This mortgage loan originator renewal license 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:

  • Module 1: Overview of the DCBS and DFR
  • Module 2: Oregon Licensing Definitions and Requirements
  • Module 3: Disclosures, Limitations, Client Funds, and Advertising
  • Module 4: Prohibited Acts
  • Module 5: DCBS Investigations
  • Final Exam

Total study time: 2 credit hours (100 minutes)

Module 1: Overview of the DCBS and DFR

The Oregon Division of Financial Regulation (DFR) is tasked with authorizing those who are working in the mortgage industry. The DFR is just one of several state agencies under the Department of Consumer and Business Services (DCBS). In this module we will review both agencies.

Module 2: Oregon Licensing Definitions and Requirements

In this module we'll go over general loan and licensing regulations. You'll review the licensing requirements for MLOs, mortgage bankers, mortgage brokers, and mortgage lenders, and understand when an individual is exempt from obtain a mortgage loan originator's license. We'll also go over financial records and reporting changes to licensee information to the DCBS.

Module 3: Disclosures, Limitations, Client Funds, and Advertising

Several disclosures are required to be given to consumers who are involved in a mortgage transaction. In this module we'll review consumer protections relating to certain types of residential mortgage loans. We'll also go over the licensee's responsibilities when accepting funds to be held in trust for the benefit of the borrower. We will also go over proper mortgage advertising practices.

Module 4: Prohibited Acts

In this module we'll review the various acts that licensees are prohibited from participating in as defined by Oregon law.

Module 5: DCBS Investigations

The Director of the Department of Consumer and Business Services has the authority to investigate potential Oregon law violations against mortgage licensees, invoke civil penalties and fines for discovered violations, and even order license suspension, revocation, or cease and desist orders. This module will review the investigation process available to the DCBS and possible sanctions against licensees for license violations.

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

This course will remain available to students for 365 days after enrollment.

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.