2 Hour Vermont SAFE: Understanding Vermont Mortgage Law (ID#10988)
2 Hour VT SAFE: Understanding Vermont Mortgage Law Online Self-Study Pre-Licensing Education [Course #10988]
Course Format: OSS (Online Self-Study)
Credit Hours: 2 Elective PE Credit
NMLS Approval #10988
This 2-hour Vermont 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.
This course will cover key topics such as Licensing, High Rate Loans, Financial Privacy, Debt Protection, Reverse Mortgages, and The Vermont Consumer Fraud Act. By the end of the course you will be able to:
- Understand how to become and maintain an MLO license under the VT Licensed Lenders Act;
- Understand what types of activities licensees are prohibited from engaging in;
- Be familiar with the mortgage broker agreement and what must be included in the agreement;
- Have an understanding of revere mortgages, financial privacy, and the VT Consumer Fraud Act