Loading...
$59.00
  • Format:Online Self-Paced
  • Education Type:Late Continuing Education
  • Line of Authority:N/A
  • Language:N/A
  • Credit Hours:1
Description

Consumers rely on the guidance of mortgage professionals as they navigate the loan process. Whether for a first-time home purchase or a refinance, most consumers only get a mortgage loan a couple of times over the course of their lives. As the industry changes, regulations emerge, and available products appear, adjust, or fade away, borrowers will turn to their mortgage loan originator to help keep them informed. Staying aware of the requirements that apply to loan transactions in their state is the best way for licensees to maintain a successful, compliant track record. This course will review the laws and regulations that apply to mortgage professionals doing business in South Carolina. This text will use requirements of the states laws as they are set forth in the Mortgage Lending Act and the Licensing of Mortgage Brokers Act. The content for this course is the same as course ID 15614 and is intended to satisfy CE requirements for 2024 or the last year a mortgage loan originator held an active license. Mortgage loan originators cannot take this course again for credit in 2025.

What You'll Learn

  • Define key terms under South Carolina mortgage law
  • Recall the standards for obtaining and maintaining a license in the state
  • Discuss required conduct for South Carolina mortgage professionals
  • Recall standards of required conduct for mortgage professionals in South Carolina
  • Consider disclosure requirements applicable to mortgage transactions in the state
  • Recognize requirements of the South Carolina Reverse Mortgage Act

What's Included

Approved course ID:16863