2 Hour ID SAFE: Understanding Idaho Mortgage Law Online Self-Study Pre-Licensing Education [Course #10963]

Course Format

This 2 Hour ID SAFE: Understanding Idaho Mortgage Law pre-licensing education course is conducted in an online setting.  Students are able to move through online courses at their own learning pace. My Mortgage Trainer, Inc. uses their Learning Management System (LMS) which supports multiple browsers. Additionally, this course is delivered in two (2) modules of content and can be accessed at any time. The course will utilize case studies and practice quizzes to help you better comprehend the course material. As required by the NMLS, the class completes with a final exam and survey. Upon class enrollment, you will receive a confirmation email to include login information to begin the course. When you log into your course you will have to read and acknowledge the ROC’s agreement and confirm your identity through bio-signature in order to proceed with online course.

2 Hour ID SAFE Course Topics

This course will address key topics, including Licensing and Operation Requirements, Compliance, and Disciplinary Action. By the end of the course, you will be able to:

• Describe the provisions that categorize fraud against a financial institution, including mortgage brokers/lenders, by an employee of the financial institution as a specific category of financial fraud and identify the consequences of this type of fraud.
• Understand the general difference between statutory compliance and underwriting/quality control.
• Articulate the disclosure requirements when using social media or other mediums for advertising under the IRMPA and other applicable laws.
• Recognize that the NMLS unique identifier requirements apply to all licensees, not just originators.
• Discuss how the licensee’s receipt of the borrower’s request for credit constitutes an application under the IRMPA and other applicable laws. Understand how any Idaho-specific disclosure requirements tied to application timelines may not necessarily align with federal disclosure requirements.
• Identify the prohibitions in the IRMPA that apply to both company and individual licensees with no counterparts in federal law or regulation (e.g., prohibitions against violations of, or misrepresentations regarding, S.A.F.E Act education and testing requirements).
• Explain the requirements for branch versus individual licensure.

For more on Idaho Education Requirements, Visit: ID Education Notice