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Washington - Continuing Education : 2018 NMLS 1 Hr Washington CE State Elective Course #6287
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2018 NMLS 1 Hr Washington CE State Elective Course #6287

Course #6287 NMLS Provider #1400062
1 Hr CE Elective for Washington MLOs!
2018 1 Hr Washington SAFE Online CE State Law NMLS #6287

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$39.98
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Description

Course Information:

This 1 hour Washington CE course is required by the NMLS for 2018 Washington mortgage license renewal.

If you have not yet completed 8 hours of annual CE, this course is also available in the following bundles:

    • 2018 Online 9 Hr Washington CE Course

This course is presented in an online self-study read-only slide presentation format. The course is made up of 2 chapters broken into 5 minute sections that require clicking to advance to the next slide and includes a handful of small quizzes. After completing the introduction to the course, each section will start with an average duration of 5 minutes per section. Each 5 minute section will be followed by an activity. These activities can be either short quizzes or case studies focusing on certain concepts.

At the end of each chapter, there is a chapter quiz with a final exam wrapping up the course. Students must complete all presentation and activity sections, all quizzes and tests, and the final exam in order to receive credit for the course. After completing the course, students will receive a certificate of completion.

The course will be loaded into your MyMEC account immediately upon purchase. You will have 24/7 access to the course until it expires on January 1, 2019.

NOTE: THE DEADLINE TO COMPLETE WASHINGTON CE IS DECEMBER 15, 2018. 

 

1 Hour Washington CE Course Outline

 

Chapter 1: Washington Rules

This chapter discusses the rules in Washington. In this chapter you will go in depth on what acts are prohibited and what laws they break. Correspondingly there will be a case study that will be reoccurring throughout this chapter relating back to what prohibited actions are taking place, during said case study.

Objectives:

    • Begin with a true story involving fraud
    • Go into depth on why certain acts are prohibited and what laws they break

 
Chapter 2: Disclosures and Recordkeeping

This chapter discusses the Disclosures and Recordkeeping of Washington. You will begin learning the importance of disclosure fees and costs. Then about third-party provider services. Also, this chapter will touch on trust accounts and the corresponding law. There will be a lengthy section covering books, records, and recordkeeping and explain how crucial it is in order to have success and be informed. You will then finish with the case study that you began in chapter 1 and learn the outcome of Choice Mortgage’s actions.

Objectives:

    • Know the disclosures of fees and costs
    • Master the moneys for third-party provider services
    • Identify trust accounts
    • Understand the importance of books and records
    • Examine a real life scenario case study.

Final Exam & Completion Form

This 15 question final exam will assess your understanding of the course. After passing the final exam, complete the course completion form in order to receive credit. An optional end-of-course survey may be filled out as well to provide feedback to Mortgage Educators & Compliance.

 

Course Credit Submission

The NMLS requires that education providers report education credit hours within 7 calendar days. Mortgage Educators & Compliance generally reports education credits within 3-5 business days. If you would like your hours to be expedited within 1-2 business days, Click Here to purchase the $15 Expedited Banking Fee.

Washington CE Requirements

Every state-licensed MLO (in any approved status) is required to complete at least 8 hours of NMLS approved education annually beginning the year they are licensed (unless PE was completed in the same year), and 2 hours of non-traditional mortgage lending, 1 hour of electives, plus 1 hours of WA-specific education. 

Number of hours is 3/2/2/1 + 1 hr of WA law = 9

MLOs are advised that to comply with the SAFE Act's "successive years" rule, they may not take the same CE course two years in a row. MLOs are advised not to retake pre-licensure education (PE) unless directed to by a State Regulator. PE education does not count towards meeting annual CE requirements.

REFUND POLICY: If you have not yet started the course, you may receive a full refund within 24 hours of purchase, or a partial refund of 75% within 30 days of purchase. If the course has been accessed and started within our system, we cannot grant refunds.

NMLS Course Provider #1400062