Chapter 1
Federal Mortgage Laws and Consumer Protection Regulations
Course: Safe Mlo Prep
Subject: Safe Mlo Prep
Chapter: Safe Act Nmls Licensing And State Mortgage Regulation
OVERVIEW
Holding an MLO license is not a one-time achievement. It comes with ongoing compliance obligations that must be met throughout a career — including continuing education, advertising rules, recordkeeping, and reporting duties. Falling short of any of these can put a license at risk.
- Annual Continuing Education Requirements
Licensed MLOs must complete 8 hours of NMLS-approved continuing education annually:
- 3 hours federal mortgage law
- 2 hours ethics including fraud, consumer protection, and fair lending
- 2 hours non-traditional mortgage products
- 1 hour elective content
Successive years rule: The same CE course content cannot be taken for credit in consecutive years. MLOs must take different course content each year — not simply repeat the same courses annually.
- Advertising Compliance