2017 NMLS 1 Hr Washington CE State Elective Course #7143

Course #7143 NMLS Provider #1400062
1 Hr CE Elective for Washington MLOs!
2017 1 Hr Washington SAFE Online CE State Law Elective Year #4 NMLS #7143

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Description

Course Information:

This 1 hour Washington CE course is required by the NMLS for 2017 Washington mortgage license renewal.

If you have not yet completed 8 hours of annual CE, this course is also available in the following bundles:

    • 2017 Online 9 Hr Washington CE Course

This course is presented in an online self-study read-only slide presentation format. The course is made up of 2 chapters broken into 5 minute sections that require clicking to advance to the next slide and includes a handful of small quizzes. After completing the introduction to the course, each section will start with an average duration of 5 minutes per section. Each 5 minute section will be followed by an activity. These activities can be either short quizzes or case studies focusing on certain concepts.

At the end of each chapter, there is a chapter quiz with a final exam wrapping up the course. Students must complete all presentation and activity sections, all quizzes and tests, and the final exam in order to receive credit for the course. After completing the course, students will receive a certificate of completion.

The course will be loaded into your MyMEC account immediately upon purchase. You will have 24/7 access to the course until it expires on January 1, 2018.

NOTE: THE DEADLINE TO COMPLETE WASHINGTON CE IS DECEMBER 15, 2017. 

 

1 Hour Washington CE Course Outline

 

Chapter 1: Washington Licensee Responsibilities

This chapter covers the responsibilities of all NMLS Washington licensees. This includes sections on brokers responsibilities, the authority that the director has, call reports, and violations that apply to licensees. Finally, this chapter includes two real-life case studies that will go over the above-mentioned information.

Objectives:

    • Master Brokers responsibilities
    • Know what the Director's authority is
    • Understand call reports and how to submit them to the NMLS
    • Grasp all the violations that apply to licensees

 
Chapter 2: Ethical Licensee Behavior in Washington

This chapter covers the basics of becoming and remaining an ethical licensee in the state of Washington. This includes sections on the importance of being ethical, a real-life case study of a non-ethical MLO and misleading solicitations and why they're a violation of the CLA and TILA.

Objectives:

    • Know the importance of being ethical
    • Review a real-life case study regarding a non-ethical MLO
    • Learn about false solicitation

Final Exam & Completion Form

This 15 question final exam will assess your understanding of the course. After passing the final exam, complete the course completion form in order to receive credit. An optional end-of-course survey may be filled out as well to provide feedback to Mortgage Educators & Compliance.

 

Course Credit Submission

The NMLS requires that education providers report education credit hours within 7 calendar days. Mortgage Educators & Compliance generally reports education credits within 1-2 business days. If you do not see your education credits reflected or would like expedited credit banking, contact MEC support.

Washington CE Requirements

Every state-licensed MLO (in any approved status) is required to complete at least 8 hours of NMLS approved education annually beginning the year they are licensed (unless PE was completed in the same year), and 2 hours of non-traditional mortgage lending, 1 hour of electives, plus 1 hours of WA-specific education. 

Number of hours is 3/2/2/1 + 1 hr of WA law = 9

MLOs are advised that to comply with the SAFE Act's "successive years" rule, they may not take the same CE course two years in a row. MLOs are advised not to retake pre-licensure education (PE) unless directed to by a State Regulator. PE education does not count towards meeting annual CE requirements.

REFUND POLICY: If you have not yet started the course, you may receive a full refund within 24 hours of purchase, or a partial refund of 75% within 30 days of purchase. If the course has been accessed and started within our system, we cannot grant refunds.

NMLS Course Provider #1400062