The content for this course is the same as course ID 7465 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 7465 in 2019.This course will focus on the laws and rules that regulate mortgage loan originators doing business in New York. In Module 1, students will examine the authority of the New York Department of Financial Services and important definitions under the law. Students will also review required conduct for mortgage licensees, as well as provisions of New York law pertaining to fees, disclosures, high-cost home loans, reverse mortgages, and the New York Fair Credit Reporting Act. In Module 2, students will review the Foreclosure Prevention and Responsible Lending Act, the Home Equity Theft Prevention Act, New York's fair lending provisions, and prohibited practices for licensees under the law. Students will also take a look at disciplinary action which may be taken when a licensee violates the law, including residential mortgage fraud.This course satisfies the three-hour New York-specific continuing education requirement for loan originators, as specified by New York law. In addition to three hours of New York-specific education, annual S.A.F.E. Act continuing education requirements include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, and one hour of elective education.