1 Hour SC-DCA SAFE Continuing Education Course: South Carolina Dual-Regulator Compliance & Enforcement: #19073

Description

This one-hour continuing education course is designed to satisfy the South Carolina state-specific elective requirement for mortgage loan originators licensed by the South Carolina Department of Consumer Affairs (SC-DCA).

The course is organized in two chapters of 20 minutes each. Chapter 1 covers the dual-regulator framework, the 2017 amendments, NMLS identifier requirements, the attorney and insurance preference form (§ 37-10-102), the mortgage lender’s obligations when acting as a broker (§ 37-22-140(K)), and the mortgage broker fee agreement (§§ 40-58-75 and 40-58-78). Chapter 2 covers the complaint agency disclosure (§ 37-23-70(D)), the mortgage log (§§ 37-22-210 and 40-58-65), prohibited activities under both the MLA and MBA, escrow accounts, enforcement authority, the High-Cost and Consumer Home Loans Act, and civil remedies.

Contents

1. Licensing, Disclosures, and Required Agreements: The Two-Regulator Framework
2. Compliance Operations: Disclosures, Mortgage Logs, Prohibited Acts, and Enforcement
3. Final Exam