4 Hour WA SAFE Review of Washington Mortgage Law offers mortgage professionals an overview of the laws that they need to understand in order to make, broker, or originate loans in compliance with Washington law. The review of these laws includes areas such as the Washington Department of Financial Institutions, state law and regulation definitions, license law and regulation, compliance, and disciplinary actions. Throughout this course, students will spend one hour and thirty minutes reviewing the Washington Mortgage Broker Practices Act, as well as one hour learning about the Consumer Loan Act. In the remaining hour and thirty minutes of the course, students will take a look at subjects such as the Escrow Agent Registration Act, the Usury Act, unfair practices with respect to real estate transactions, contract provisions, real estate and appraisal law, the principal and agent law, and other regulations pertaining to mortgage professionals.
This online - instructor led course meets the 4-hour Washington-specific pre-licensing education requirement for loan originators and offers a thorough review of the information and laws that license applicants must understand in order to make, broker, or originate loans in compliance with Washington law.