How many hours of ethics training are Rhode Island loan originators required to obtain annually within the continuing education requirement?

Rhode Island loan originators are required to complete two hours of ethics training annually as part of their continuing education requirements. This requirement emphasizes the importance of ethical practices within the mortgage industry, ensuring that loan originators are well-versed in the principles that govern their profession and understand the ethical implications of their work. By mandating this specific hour allotment, the state aims to promote ethical behavior, foster consumer trust, and enhance the overall integrity of the mortgage lending process. Each year, fulfilling this two-hour ethics training is essential to maintain licensure and contribute to effective borrower interactions and decision-making in financial matters.