This course satisfies the 8 hour Continuing Education requirement in South Carolina and provides instruction in the following areas: Ethical Standards in Mortgage Lending - 2 hrs Complying with Fair Lending Laws - 2 hrs Privacy Laws Applicable to Mortgage Lending Transactions - 2 hrs Mortgage Fraud Defined and Applied for Industry Professionals - 2 hrs

Obtain a detailed understanding of The Equal Credit Opportunity Act, The Fair Credit Reporting Act, The Fair Housing Act and identify the differences between each. Review the Home Mortgage Disclosure Act, The Community Reinvestment Act and The Fair and Accurate Credit Transactions Act. Also uncover who is governed under each individual Act.

Understand the role of ethics in mortgage lending. Learn the theory and practice, the legalities of ethics, and the implications that can arise if these rules are not followed. Familiarize yourself with federal laws relating to mortgage lending and legal compliance. Review over 15 federal laws affecting all aspects of mortgage loan origination, evaluation processing, disclosure and timing.

Learn all about fraud including its definition, the difference between various types of fraud and your role in preventing it. Uncover many ways that mortgage fraud can be harmful and protect your clients. Learn what the FBI and others are doing to prevent mortgage fraud and how you can detect potential fraud before it takes place.

Learn the history of privacy issues and how the Gramm-Leach-Bliley Act was created to provide consumer protection. Understand how and why financial institutions are required to have a security program in place to ensure confidentiality of information. Learn the penalties for non compliance and how to protect yourself and your company. Get your questions answered about the Federal Trade Commission’s privacy mission for consumers. Review frequently asked questions, learn how to write effective financial privacy notices and how to communicate effectively.