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Exactly what pre-license education is required by the SAFE Act?

April 26, 2017ACT Education pre-license safe

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Exactly what pre-license education is required by the SAFE Act?

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The SAFE Act requires that the 20 hours of pre-license education shall include: • 3 hours of Federal law and regulations • 3 hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues • 2 hours of training related to lending standards for the nontraditional mortgage product marketplace.