+ $1.50 NMLS Credit Banking Fee
|Purpose:||1 hour state-specific online continuing education course for South Carolina BFI mortgage loan originators.|
|Features:||online text, printable certificate, PDF eBook|
|Category:||Mortgage > Continuing Education > South Carolina > CE Elective|
7405 SW Beveland Rd,
Portland, OR 97223
1 hour state-specific online continuing education course for South Carolina BFI mortgage loan originators.
NMLS Course ID: 7889
NMLS Sponsor ID: 1400327
The South Carolina Board of Financial Institutions (BFI) and the South Carolina Department of Consumer Affairs (SCDCA) require those who hold a South Carolina mortgage license to completed a one-hour course on South Carolina mortgage laws and regulations as a requirement for annual license renewal. This online course covers the required topics as defined by the BFI and SCDCA for 2018 license renewal through the NMLS.
The first module is an overview of the two agencies that keep an eye out for unfair lending practices that might harm South Carolina residents while enforcing the state's mortgage lending regulations. The South Carolina Board of Financial Institutions (BFI) and the South Carolina Department of Consumer Affairs (SCDCA).
The second module covers various mortgage lending and consumer protection regulations such as prohibited acts and practices, proper fee disclosures, required forms, and mortgage log requirements.
The third module describes the changes made to South Carolina mortgage regulations and laws from the passage of Senate Bill 366 back in September 2017.
This course is approved for South Carolina BFI licensees. If you are licensed with the DCA, please purchase the course titled "1 Hour SC-DCA SAFE: South Carolina Mortgage Laws" (NMLS ID 7890).
This course consists of three modules and a final exam:
This course will prepare South Carolina-licensed MLOs to:
Total study time: 1 clock hours
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:
If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center.
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.