1-Hour WA SAFE Continuing Education Course: Washington Consumer Loan Act & Down Payment Assistance: #19075

Description

This one-hour continuing education course fulfills the Washington state-specific elective requirement for mortgage loan originators licensed by the Washington Department of Financial Institutions (DFI).

The course is structured in two chapters of 20 minutes each, following the Washington DFI’s CE requirements. Chapter 1 covers the Consumer Loan Act framework — DFI authority, licensing requirements, prohibited acts under RCW 31.04.027 and WAC 208-620-550, the 2024 Predatory Loan Prevention Act amendments, employer responsibility provisions, and recent enforcement actions. Chapter 2 fulfills the specific DFI requirement to make MLOs aware of the state’s Down Payment Assistance programs by covering the WSHFC Here to Home portal, the major DPA programs, and the Covenant Homeownership Program.

Contents

1. The Consumer Loan Act: DFI Authority, Licensing, and Prohibited Acts (RCW Chapter 31.04 / WAC 208-620)
2. Washington Down Payment Assistance: Here to Home, WSHFC Programs, and the Covenant Homeownership Program (DFI Required Resource)
3. Final Exam