Late CE 1 Hour FL SAFE: Florida Mortgage Continuing Education (14927)

​​​​​​​This course is approved for "Late CE" credit only.

The Florida Office of Financial Regulation (OFR or the Office) requires mortgage licensees in this state to take a one-hour course on Florida mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers the four topics outlined by OFR for licensee continuing education.

The first chapter of this course identifies the definitions located in Florida Statute 494, Loan Originators and Mortgage Brokers. The second chapter is a review of licensing requirements, including reasons for license denial and exemptions to licensing. The third chapter examines the rules and regulations that licensees must comply with in their practice of mortgage loan lending in Florida, and the fourth chapter covers the various disciplinary actions the OFR may take against licensees who are in violation of any Florida mortgage regulation.

Licensees who do not complete their annual mortgage license training may be placed in a Reinstatement Period and are prohibited from practicing mortgage loan origination activities until their licenses are reactivated and their continuing education requirements have been completed. Licensees have until the end of February to bring their licenses up to date. A penalty Reinstatement Fee may apply when renewing your license. A license will expire if it is not renewed during the Reinstatement Period.

Not every state agency allows for reinstatement of a license. Check the Annual Renewal Information page on the NMLS website to verify if the agency you are licensed under allows for reinstatement, when the last date of reinstatement is, and what the applicable penalty fees may be.

• https://mortgage.nationwidelicensingsystem.org/slr/common/renewals/Pages/default.aspx

Topics and Learning Objectives

This Florida MLO online continuing education course is broken down into several learning topics. At the end of the course a 15-question final exam will be given. The topics included in this course are:

• Module 1: State Law and Regulation Definitions (11 minutes)
• Module 2: License Law and Regulations (11 minutes)
• Module 3: Compliance (13 minutes)
• Module 4: Disciplinary Action (5 minutes)
• Final exam (10 minutes)

Total study time: 1 credit hour (50 minutes)

This course will prepare Florida OFR-licensed MLOs to:

• Paraphrase definitions as they pertain to Florida laws and regulations.
• Describe licensing requirements and procedures for loan originators and mortgage brokers, including license renewal requirements.
• Recognize the exemptions to Florida regulations concerning licensed mortgage professionals.
• Illustrate loan origination and mortgage broker fees.
• Recognize the expectations and compliance requirements of mortgage licensees and lenders.
• Review prohibited practices and license violations that should be avoided.
• List the process for Office investigations, complaints, and examinations.
• Identify consequences and penalties for license violations.

NMLS ID Required

You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.

If you already have an NMLS ID but don't remember what it is:

• Login into NMLS
• Click on the Composite View tab.
• Click View Individual on the sub-header row.
• The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center.