Approved Course Number - 15724
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 for the state of Minnesota. You will also need to complete the federal SAFE Act requirements to maintain your license.
1-Hour MN SAFE CE 2024 Online
• Summarize the Minnesota Residential Mortgage Originator and Servicing Licensing Act.
• Explain Minnesota law on the lending authority of financial institutions related to residential mortgage lending.
• Illustrate the requirements for proper advertising standards that should include social media and company/MLO webpages.
• Outline the mortgage broker duties and an agency relationship with a borrower.
• Know the interest rate and discount point agreements and net tangible benefit analysis to borrowers.
• Restate Minnesota specific definitions, such as residential real property.
• Know fee and charges permitted.
• Discuss the authority of the Minnesota Department of Commerce to conduct examinations and investigations.
• Examine case studies and real life examples and compare them to Minnesota state laws.
• Cover Minnesota 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!