The SAFE Act requires how many hours of ethics for pre-license education?

The SAFE Act, which stands for the Secure and Fair Enforcement for Mortgage Licensing Act, outlines the educational requirements for individuals seeking to become licensed mortgage loan originators. Among these requirements is a specific mandate for ethics training.

For pre-license education, the SAFE Act specifies that candidates must complete 2 hours of coursework dedicated specifically to ethics. This instruction is crucial as it ensures that future mortgage loan officers understand the ethical considerations and responsibilities inherent in their profession. The objective is to equip them with the knowledge necessary to conduct their business in a manner that promotes fairness, accountability, and regulatory compliance.

By requiring a defined number of hours in ethics education, the SAFE Act aims to enhance the professionalism within the mortgage industry and safeguard consumer interests. This requirement reflects the growing recognition of the critical role that ethical behavior plays in establishing trust and integrity in financial transactions.