Course Objectives

This course is designed to reinforce the state-specific legal requirements, compliance standards, and borrower-protection responsibilities that apply to individuals originating mortgage loans under the jurisdiction of South Carolina's regulatory agencies. While federal mortgage laws provide a national foundation, South Carolina maintains additional statutes, disclosure requirements, and prohibited practice standards that must be understood and followed in every transaction.

By the end of this course, participants will be able to:

• Explain the core compliance obligations established by the South Carolina Department of Consumer Affairs and the South Carolina Bureau of Financial Institutions, including attorney and insurance preference forms, mortgage broker fee agreements, complaint disclosures, and mortgage log requirements.
• Identify prohibited acts and advertising rules under South Carolina law and describe the consequences of disciplinary enforcement.
• Describe proper escrow handling standards and apply South Carolina's required conduct expectations to day-to-day origination activities.
• Explain how flood risk disclosures, lender flood determinations, and insurance requirements affect the origination process in South Carolina's coastal and disaster-prone markets.
• Guide borrowers through flood and disaster-related questions and concerns without overstepping into legal or insurance advice, using reliable South Carolina state resources to correct misinformation after natural events.