South Carolina BFI 1 Hour Online CE 2024
South Carolina BFI 1 Hour Online CE 2024
South Carolina BFI 1 Hour Online CE 2024
South Carolina BFI 1 Hour Online CE 2024
South Carolina BFI 1 Hour Online CE 2024
South Carolina BFI 1 Hour Online CE 2024

South Carolina BFI 1 Hour Online CE 2024

Regular price $20.50

Approved Course Number - 15978

Provider ID -  1400023

Course Cost $19.00 + Banking Fees at $1.50/Course Hour = $20.50

This online course is designed to meet your 1 hour SAFE Act continuing education requirements in the state of South Carolina. You will also need to complete the federal SAFE Act requirements to maintain your license.

1-Hour SC-BFI 2024 SAFE CE Online

NOTE: This course covers ONLY the BFI requirements, there is a separate course for the DCA class.

• Know when to provide the attorney insurance preference form to consumers and ascertain the consumer’s preference as required by S.C. Code Ann. § 37-10-102

• Identify where NMLS ID numbers are required on documentation as required by S.C. Code Ann. § 37-22-110, et seq. and S.C. Code Ann. § 40-58-10, et seq.

• Understand how to comply with required provisions of S.C. Code Ann. § 37-22- 140(K) when licensed mortgage lenders act as a mortgage broker.

• Explain how to disclose fees properly on mortgage broker fee agreement and the timeline in which the mortgage broker fee agreement must be provided (S.C. Code Ann. § 40-58-75).

• Understand the consequences associated with failure to properly sign application forms.

• Articulate the requirements associated with the disclosure that identifies the agency designated to receive complaints or inquiries from the consumer (S.C. Code Ann. § 37-23-70).

• Describe how state law is different from federal law regarding prohibited activities and mortgage broker fee agreement (S.C. Code Ann. § 40-58-70, 75 & 78; S.C. Code Ann. § 37-22-190).

• Understand the mortgage log requirement (S.C. Code Ann. § 37-22-210; S.C. Code Ann. § 40-58-65).

• Examine case studies and real life examples and compare them to South Carolina state laws.

• Cover South Carolina specific mortgage and SAFE Act laws

Meet Your Instructors

Ken Perry is the President and Founder of Knowledge Coop (KC), a training and consulting firm that specializes in mortgage education. As a 20-year veteran of the mortgage industry, Ken’s vast interactions training mortgage professionals inspired him to pursue his dream of bringing positive change to the mortgage industry on a much larger scale. The Knowledge Coop is an approved course provider of the National Mortgage Licensing System (NMLS) and is dedicated to bringing a unique, not-what-you-expect style of education to clients by mixing passion and humor with extreme knowledge.

Annie Mellor started in Mortgage in 2013 and has hated every moment (love and hate are very similar feelings). She has worked as a processor, LOA, and underwriter during her mortgage tenure and become familiar with every nook and cranny of the loan origination process. Annie is obsessed with cats to a concerning degree, and loves developing training at the Knowledge Coop!