The content for this course is the same as course ID 7450 and is intended to satisfy CE requirements for 2018 or the last year a mortgage loan originator held an active license. Mortgage loan originators who take this Late CE course are prohibited from taking course ID 7450 in 2019.This course will focus on the laws and rules that regulate mortgage loan originators doing business in North Carolina. In Module 1, students will examine the authority of the North Carolina Office of the Commissioner of Banks and important definitions under the law. Students will also review required conduct for mortgage licensees, as well as provisions of the law related to fees and charges. In Module 2, students will review prohibited practices for licensees under the North Carolina S.A.F.E. Act. Students will also take a look at the Residential Mortgage Fraud Act and disciplinary action which may be taken when a licensee violates the law.This course satisfies the one-hour North Carolina-specific continuing education requirement for loan originators, as specified by North Carolina law. In addition to one hour of North Carolina-specific education, annual S.A.F.E. Act continuing education requirements include three hours of federal law, two hours of ethics, and two hours of nontraditional mortgage lending.