1 Hour KY SAFE: Kentucky Mortgage Continuing Education

​​​​​​​The Commissioner of the Kentucky Department of Financial Institutions (DFI) requires mortgage licensees in this state to take a one-hour course on Kentucky mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers Kentucky mortgage topics for licensee continuing education.

The first module of this course outlines the branches within the DFI and reviews several definitions outlined in Kentucky Revised Statute (KRS) chapter 286, the regulation that defines mortgage lending services in this state.

The second module explains prohibited conduct that licensees should avoid as well as explain conduct that are expected during the lending process. This chapter will also define the limitations on fees.

The third module will explore the Kentucky Residential Mortgage Fraud Act, a law that outlines harsher penalties for those convicted of mortgage fraud. We’ll also review additional regulations such as surety bond, working from alternative locations, advertising, and usury regulations.

Topics and Learning Objectives

This course consists of three modules and a final exam:

• Module 1: The DFI and Definitions Review

• Module 2: Permitted and Prohibited Actions

• Module 3: Additional Kentucky Regulations

• Final exam

Total study time: 1 credit hours (50 minutes)

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.