Still Need to Complete CE for 2012? Please consult the following chart (CA Only):
||Target (CA Only)
2012 8-Hour SAFE CE
Last Day to Enroll in this course for 2012 Renewal: 12/19/2012
Last Day to Complete this course for 2012 Renewal: 12/21/2012 12PM PST
- Smart Deadline: Courses reported to NMLS by Thursday, December 21
- At Risk To Miss Renewal: Courses reported to NMLS by Friday, December 28
- Guaranteed To Miss Renewal: Courses reported to NMLS on Monday, December 31
As of 12/21/12, this course will only be for MLOs with Approved and Approved-Conditional statuses who wish to renew for 2013 AND have NOT taken Allied’s 2012 version already.
2012 LATE 8-Hour SAFE
For MLOs that are Terminated – Failed to Renew or Terminated – Expired.
MLOs with the status of Terminated – Expired (3/1/13 – 12/31/13) will be required to file a new application, the authorize of a new credit report, submit new fingerprints for a criminal background check, complete the 2012 LATE 8-Hour SAFE course, and pay the appropriate NMLS and DRE fees.
- MLOs with the status of Terminated – Failed to Renew will have the Reinstatement period (1/1/13 – 2/28/13) to complete the 2012 LATE 8-Hour SAFE course without further penalty. MLOs with this status must cease mortgage related activities until returned to Approved status.
2013 8-Hour SAFE
For MLOs with Approved and Approved-Conditional statuses who completed 20-Hr Course and received MLO endorsement prior to November 2012.
LATE CE 2012 8-Hour SAFE Comprehensive Course
PRICE: $138 (pay in full)
Did you miss the deadline for renewing your national SAFE MLO license?
Keep your license compliant in 2013. This LATE CE 2012 8-Hour SAFE Comprehensive course is exactly what you need to keep your career on track.
Why Allied's Online SAFE Continuing Education Course?
- 100% Online Education
- Fulfill Your National CE Requirements
- Progress Online, according to your busy schedule
What You Will Receive:
- 100% Online Course
- 8-Hour SAFE Comprehensive Continuing Education Textbook, by Ashley Crown
- Four Required Units
- Unit Quizzes, Power Point Presentations & Critical Thinking Exercises
- Online, Multiple Choice Final Exam
What You Will Learn:
- Recognize the major changes to RESPA and regulation
- Recognize the benefits and abuses of yield spread premiums
- Identify the features of adjustable-rate loans
- Recall the steps in the short sale process
About the Course:
Allied's LATE CE 2012 8-Hour SAFE Comprehensive course is a continuing education (CE) course for individuals who did not renew their MLO license in 2012. It is designed to satisfy 2012 CE requirements so you can continue to legally conduct MLO activities in 2013.
The course includes an overview of the Dodd-Frank Act (3 hours of federal laws and regulations); a discussion of current mortgage fraud schemes (2 hours of ethics: fraud, consumer protection, and fair lending issues); and 2 hours of training related to reverse mortgages (nontraditional mortgage products). The remaining hour covers compliance with the Uniform Mortgage Data Program.
What Happens if You Miss the Reinstatement Period?
For California students to renew within the Reinstatement period, this course must be completed by February 28, 2012. Reinstatement for each state is different. States can choose to provide a shorter reinstatement period or none at all. Refer to the NMLS’s state-by-state Renewal Deadline Chart.
If a California late-renewer does not renew by the end of Reinstatement period, then the late-renewer will be considered Terminated-Expired. If these individuals wish to renew, they will still need to take an NMLS approved CE 2012 8-Hour SAFE course by the end of 2012. However, in addition to this course the individual must reapply, which requires that they file a new application, authorize a new credit report, submit new fingerprints for a criminal background check, and repay fee. Non-California students should check with their state regulator or go to here for state specific information.
Minimum Time Frame: The NMLS requires that the student spend a minimum of 8 classroom hours in this course. As such, the content has been parsed into screens that contain approximately 180-200 words each. Each content screen requires students to stay on it for a minimum of 10 to 15 seconds. This restriction only applies when moving forward in the course. Once a screen has been visited, the student can revisit it without any restrictions. The exception is if a student is forced to revisit a screen because of a penalty related to inactivity or to failing a Quick Question. In these instances, the original time restriction will apply.
Students will be logged out of the course after six minutes of inactivity. If the student is logged out for inactivity, the system will return the student to the beginning of the lesson in which the student was working at the time of logout and the student will have to start the lesson over with time restrictions.
Start today – meet your national CE hours 100% online and keep your career on track!