The SAFE Act pre-license education requirement includes how many hours of federal law?

The SAFE Act, or the Secure and Fair Enforcement for Mortgage Licensing Act, mandates specific education requirements for mortgage loan originators to ensure they understand essential aspects of federal regulations and lending practices. Under this act, the pre-license education requirement for mortgage loan officers includes a total of 20 hours. Among those, three hours are specifically designated to cover federal law. This is vital as it ensures that all loan officers have a foundational understanding of the legal framework governing mortgage practices, which includes consumer protections, anti-discrimination laws, and other relevant regulations. This knowledge is required for all professionals in the field to facilitate compliant and ethical lending practices.