2017 NMLS 1 Hr Washington CE State Elective Course #7143
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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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
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
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.
- 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
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.
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
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.