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Late Continuing Education : (LATE CE) NMLS Online Self-Study 8 Hour SAFE Comprehensive CE #7852

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(LATE CE) NMLS Online Self-Study 8 Hour SAFE Comprehensive CE #7852

LATE CE Course #7852 NMLS Provider #1400062
This courses is specifically for make up CE and fulfills the LATE 8 hour CE requirement.
Tax amount

Course Information:

This course fulfills the LATE 8 hour continuing education requirement needed to reinstate an NMLS mortgage loan originator license if you failed to complete CE in between 2010 to 2018. 

NOTE: If your state requires a LATE state-specific elective, please visit our affiliate to obtain that -   

NOTE: If your state requires a state-specific elective, please select your state from the drop down menu above.

This multimedia continuing education course is presented in an online video format. the course is made up of HD video sections averaging 5 minutes in length. Video sections are followed by quiz material and culminate in a course cumulative final exam. The course is presented by David Luna. 

MEC 8 Hr Screenshot 1*This course is also available in a read-only slideshow format.

The course is made up of 7 chapters broken into 5 minute sections that require clicking to advance to the next video. After completing the initial introduction tot he course, each section will start the next video. At the end of that video, students click to advance to a one question quiz that focuses on that specific section. After answering the question, the student clicks to move on to the next video section. In some cases, these quizzes are replaced with real-world case studies to help students see real-world application of concepts.

At the end of each chapter, a chapter quiz is presented. At the end of the course, a cumulative final exam is given. Once passed, the student's course completion certificate will be available. Students must complete all presentation and activity sections, all quizzes and tests, and the final exam of 25 questions to receive a certificate of completion and credit for the course. 

The course will be immediately loaded into your MyMEC account upon purchase. You will have 24/7 access to the course until it expires on January 1, 2020.


David Pic 2016

Meet Your Instructor: David Luna

David Luna is the President of Mortgage Educators & Compliance and has more than 35 years of experience in the mortgage lending industry. With an unmatched sense of with, a natural flare for teaching, and a well of knowledge from decades in the industry, David is the best the mortgage education industry has to offer!

David has been a consultant for Fannie Mae and Freddie Mac as well as several large banks. David has made appearances on NBC, CBS, and ABC as well as been featured in Mortgage Technology Magazine, National Mortgage Press, and dozens of newspaper publications. David has also been named one of the 50 Most Connected Mortgage Professionals by Mortgage News Network.

8 Hour NMLS Continuing Education Course Outline


Chapter 1 - Federal Law: Truth In Lending Act

In this chapter, we will cover the Truth in Lending Act (TILA). Specifically, we will discuss permissible fees and finance charges under TILA, Advertisement requirements, Loans covered by TILA, Permissible annually percentage rate tolerances, refinancing scenarios where the right to rescind applies, finance charges overstated and understated on the Loan Estimate. This chapter will then go into an ethical conversation about steering with a review of the Loan Originator Compensation Rule and what’s going on in today’s mortgage industry that could still be considered steering.

Learning Objectives:

·         Understand what fees are permissible under TILA

·         Discuss advertising requirements specific to Mortgage Loan Originators

·         Review what loans are covered by TILA

·         Restate permissible annual percentage rate tolerances

·         Relate instances where changes can be made to the Loan Estimate

·         Identify permissible refinancing scenarios where the right to rescind applies

·         Understand understanding and overstating finance charges on the Loan Estimate

·         Discuss the ethical implications of steering, the Loan Originator Compensation Rule and how steering might still be a problem in today’s mortgage industry

Chapter 2 - Federal Law: Real Estate Settlement Procedures Act

In this chapter, we will discuss the Real Estate Settlement Procedures Act (RESPA). Specifically, we will discuss, prohibitions, limitations and exemptions set by RESPA, types of loans where RESPA is applicable, settlement services, bona fide discount points, the foreclosure process, changes that can be made to the Loan Estimate and Closing Disclosure, Federal Finding 7 regarding Marketing Service Agreements. This chapter will discuss consumer protection and ethical concerns with regards to kickbacks and referrals fees and how the CFPB is looking to protect consumers by clamping down on Marketing Service Agreements. 

Chapter 3 - General Elective: TRID 2.0

In this chapter, we are going to discuss the TILA-RESPA Integrated Disclosure Rule, we will do a brief overview and then review the changes made by the new CFPB rule. During this chapter, the instructor will spend 10 minutes reviewing the course and then take additional questions regarding problem areas that the students are having with TRID. Then the instructor will review the new changes and take questions about those changes.

Chapter 4 - Ethics and Fraud: Federal Fair Lending Laws

In this chapter, we will discuss federal fair lending laws and fair lending in the mortgage industry. During this chapter we will do a brief overview of the Home Mortgage Disclosure Act, the Equal Credit Opportunity Act and the Fair Housing Act. In each of these overviews we will talk about what is required by law by these individual laws as well as give some updates to upcoming changes associated with the Home Mortgage Disclosure Act. Then we will dive into fair lending and what is means to you as an MLO. We will discuss specific cases that have occurred in the recent past and discuss how fair lending comes into play in every day conversation and interaction with borrowers.

MEC 8 Hr Screenshot 2Chapter 5 - Ethics and Fraud: Anti-Money  Laundering and Consumer Protection Issues

In this chapter, we will discuss anti-money laundering or AML as well as some additional topics related consumer protection issues, including discussion on virtual currency and marijuana laws.

Chapter 6 - Fannie Mae and Freddie Mac Update 

In this chapter, we will discuss updates made to Fannie Mae and Freddie Mac products from 2017 and 2018. 

Chapter 7 -  Freddie Mac Update 

 In this chapter, we will discuss reverse mortgages. Specifically, we will be discussing how a reverse mortgage works, the ne

Final Exam and Course Review