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1 Hour FL SAFE: Florida Mortgage Regulations

Florida CE 1 Hour Online Self-Study CE Elective

1-hour Florida state-specific course for Office-licensed mortgage loan originators

This 2020 Florida NMLS course meets the OFR state-specific requirement for MLO annual license renewal.
$19.00
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Included Standard:

Online Course Online Audio Printable Certificate PDF & EPUB eBook

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.

Continuing education is an important component to the professional development of mortgage professionals. This course fulfills the one hour FL-OFR continuing education requirement. We will cover definitions related to state law and regulations, license law and regulations, compliance concerns (including prohibited actions), and disciplinary actions.

Please review the Course Syllabus for details about this course.

This course satisfies 1 hour of required continuing education for Florida 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 2020 and meets the SAFE Act's "successive years" rule.

Summary

Price: $19.00 (USD)
+ $1.50 NMLS Credit Banking Fee
Credit Hours: 1
Category: Mortgage > Continuing Education > Florida > CE Elective
Purpose: 1-hour Florida state-specific course for Office-licensed mortgage loan originators
Features: Online Text, Online Audio, Printable Certificate, PDF eBook

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Terms of Service:

Purchase of this package requires that you read and acknowledge a Terms of Service agreement before receiving credit for any courses contained in this package. Please review the following:

1 Hour FL SAFE: Florida Mortgage Regulations

NMLS Course ID: 11703

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus


The Florida Office of Financial Regulation (OFR or the Office) requires mortgage licensees in this state to take a one-hour course on Florida mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers the four topics outlined by OFR for licensee continuing education.

The first chapter of this course identifies the definitions located in Florida Statute 494, Loan Originators and Mortgage Brokers. The second chapter is a review of licensing requirements, including reasons for license denial and exemptions to licensing. The third chapter examines the rules and regulations that licensees must comply with in their practice of mortgage loan lending in Florida, and the fourth chapter covers the various disciplinary actions the OFR may take against licensees who are in violation of any Florida mortgage regulation.

Topics and Learning Objectives

This Florida MLO online continuing education 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. State Law and Regulation Definitions (11 minutes)
  2. License Law and Regulations (11 minutes)
  3. Compliance (13 minutes)
  4. Disciplinary Action (5 minutes)
  5. Final exam (10 minutes)

Total study time: 1 credit hour

This course will prepare Florida OFR-licensed MLOs to:

  • Paraphrase definitions as they pertain to Florida laws and regulations.
  • Describe licensing requirements and procedures for loan originators and mortgage brokers, including license renewal requirements.
  • Recognize the exemptions to Florida regulations concerning licensed mortgage professionals.
  • Illustrate loan origination and mortgage broker fees.
  • Recognize the expectations and compliance requirements of mortgage licensees and lenders.
  • Review prohibited practices and license violations that should be avoided.
  • List the process for Office investigations, complaints, and examinations.
  • Identify consequences and penalties 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.