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A loan team is about to close a file involving SAFE Act SAFE Act continuing education. Which action should occur first?

Correct Answer

A) Include the required ethics component each year

SAFE Act CE requires annual approved education including federal law, ethics, nontraditional mortgage lending, and electives. The best answer is "Include the required ethics component each year".

Answer Options
A
Include the required ethics component each year
B
Use prior experience as a substitute for the required rule.
C
Proceed first and document the compliance issue only if an examiner asks.
D
Treat the requirement as optional because the file appears low risk.

Why This Is the Correct Answer

SAFE Act CE requires annual approved education including federal law, ethics, nontraditional mortgage lending, and electives. The best answer is "Include the required ethics component each year".

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