Section 41.08 - Continuing Education(1) A Licensee shall, annually, complete a minimum of eight hours of continuing education approved by the NMLS, which shall include, without limitation: (a) three hours of federal law and regulation;(b) two hours of ethics, which shall include instruction on fraud, consumer protection, and fair lending issues;(c) two hours of training related to lending standards for the nontraditional mortgage product marketplace; and(d) one hour of Massachusetts state law and regulation, which shall include instruction on Massachusetts consumer protection laws and other related statutes.(2) A Licensee who is an approved instructor of an approved continuing education course may receive credit to satisfy such Licensee's annual continuing education requirement at the rate of two hours credit for every one hour taught.(3) A Licensee shall: (a) only receive credit for a continuing education course in the year in which the course is taken; and(b) not take the same approved course in the same or successive years to meet the annual requirements for continuing education.Amended by Mass Register Issue 1320, eff. 8/26/2016.