3 Hour New Mexico SAFE: Understanding New Mexico Mortgage Law (ID#11089) (2022)
3 Hour NM SAFE: Understanding New Mexico Mortgage Law Online Self-Study Pre-Licensing Education [Course #11089]
Course Format: OSS (Online Self-Study)
Credit Hours: 3 Elective PE Credit
NMLS Approval #11089
This 3-hour New Mexico 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 five (5) 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 Massachusetts License Law and Regulation, Consumer Protection, and Unique State Areas. By the end of the course you will be able to:
- Become familiar with the regulations and authority associated with mortgage licensing in NM;
- Understand how to obtain and maintain a mortgage license in NM;
- Learn the financial responsibilities associated with having a license;
- Understand prohibited acts and practices and the penalties associated with non-compliance