3 Hour MA SAFE: Understanding Massachusetts Mortgage Law Online Self-Study Pre-Licensing Education [Course #10957]
Course Format: OSS (Online Self-Study)
Credit Hours: 3 Elective PE Credit
NMLS Approval #10957
This 3-hour Massachusetts 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 Massachusetts License Law and Regulation, Consumer Protection, and Unique State Areas. By the end of the course you will be able to:
- Identify and describe the unique Massachusetts laws, to include: Describe the MLO licensing standards set forth in c. 255F, section 4(a)(ii)(c) regarding certain misdemeanor convictions;
- Explain the reverse mortgage program requirements set forth in MGL c. 167E Sections 7 & 7A (applicable to mortgage companies pursuant to MGL c. 183, section 67); and
- Know the late fees as described in MGL c. 183, section 59