4 Hour Washington SAFE: Understanding Washington Mortgage Law (ID#10980)
4 Hour WA SAFE: Understanding Washington Mortgage Law On-line Self-Study Pre-Licensing Education [Course #10980]
Course Format: OSS (Online Self-Study)
Credit Hours: 4 Elective PE Credit
NMLS Approval #10980
This 4-hour Washington 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 three (3) 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 the Washington Mortgage Brokers Act, the Consumer Protection Act, and the Escrow Registration Act, the Usury Act, and Unfair Practices. By the end of the course you will be able to:
- Understand the requirements for obtaining and maintaining a mortgage license in WA;
- Review and understand the prohibitions and expected behavior associated with maintaining a license;
- Review the requirements for reporting and notification of change in licensing status