Oregon 4HR SAFE: Understanding Oregon Mortgage Law (10977)

4 Hour OR SAFE: Understanding Oregon Mortgage Law On-line Self-Study Pre-Licensing Education [Course #10977]

Course Format: OSS (Online Self-Study)

Credit Hours: 4 Elective PE Credit

NMLS Approval #10977

This 4-hour Oregon 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 four (4) 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 and Renewal Requirements, Required Conduct and Prohibited Acts, Mortgages and Trust Deeds, and the Oregon Mortgage Fraud Prevention Act. By the end of the course you will be able to:  

    • Know  Oregon’s definition of residential mortgage loan, and how it differs from TILA; 
    • Describe when a company may allow a MLO to originate Oregon loans. 
    • Explain Oregon’s restriction on originating for more than one mortgage banker/broker. 
    • Recognize the licensee’s obligations for keeping the NMLS record up-to-date and responding to deficiencies timely. 
    • Discuss Oregon’s rate-lock disclosure form; 
    • Identify the disclosures that are required to be provided in a language other than English; 
    • Describe the limitations on negative amortization loans; 
    • Discuss the special disclosure for reverse mortgage loans; 
    • Know that MLO is required to sign initial and final loan applications; 
    • Explain the requirements for handling of client funds, including determining when funds are considered trust funds, refunds of funds as well as manner of deposit and disbursement of trust funds. 
    • Know the requirement to keep copies of correspondence with applicants; 
    • Demonstrate the advertising requirements and prohibitions; 
    • Explain the definition of dishonest, fraudulent, unfair and unethical practices and prohibited activities for loan originators. 
    • Discuss the use of assumed business names as set forth in OAR 441-860-0025. 
    • Identify the limitations on the use of certifications or professional designations for mortgage loan originators included in OAR 441-870-0081.

4 Hour Arizona SAFE: Understanding Arizona Mortgage Law (#10904)

4 Hour AZ SAFE: Understanding Arizona Mortgage Law On-line Self-Study Pre-Licensing Education [Course #10940] 

Course Format: OSS (Online Self-Study)

Credit Hours: 4 Elective PE Credit

NMLS Approval #10940

This 4-hour Arizona 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 four (4) 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 License Law and Regulation, Compliance, Disciplinary Action, and Arizona Unique State Laws and Policies. By the end of the course you will be able to: 

  Articulate the prohibited acts for a mortgage loan originator licensed with the Arizona DFI (A.R.S. 6-991.02).

    • Understand the requirements for marketing and advertisements – A.R.S. 6-991.02(C), and (N) as well as marketing/advertisement requirements for mortgage brokers and mortgage bankers – A.R.S. 6-909(C); 6-903(P); 6-943(N); 6-947(D);
    • Know the minimum loan amounts allowed under Arizona Revised Statutes Title 6, Chapter 9, Articles 1 and 2;  
    • Explain the requirements for license renewal. Define the Inactive Status and identify its use. Understand the requirements for address changes. – A.R.S. 6-991.04


2 Hour Nebraska SAFE: Understanding Nebraska Mortgage Law (#10955)

2 Hour NE SAFE: Understanding Nebraska Mortgage Law Online Self-Study Pre-Licensing Education [Course #10955] 

Course Format: OSS (Online Self-Study)

Credit Hours: 2 Elective PE Credit

NMLS Approval #10955

This 2-hour Nebraska 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 four (4) 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 Definitions, Exemptions from Licensing, MLO Licensing, Qualifications, Bonding, Renewal, Inactive Status, Duties and Prohibited Acts, as well as Administrative Penalties, Civil Enforcement Actions, and Criminal Penalties. By the end of the course you will be able to: 

    • Know definitions and exemptions found in the NE RMLA;
    • Know about bonding, MLO licensing qualifications, renewal, and inactive status;
    • Know administrative penalties, civil enforcement actions, and criminal penalties;
    • Know the duties and prohibited acts found in the RMLA;
    • Understand application abandonment by the Department;

4 Hour Washington SAFE: Understanding Washington Mortgage Law (#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

2 Hour Montana SAFE: Understanding Montana Mortgage Law (#11093)

2 Hour MT SAFE: Understanding Montana Mortgage Law Online Self-Study Pre-Licensing Education [Course #11093] 

Course Format: OSS (Online Self-Study)

Credit Hours: 2 Elective PE Credit

NMLS Approval #11093

This 2-hour Montana 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 General Provisions of the Commissioners Supervision, Records and Reports, Compliance, Disclosures, Advertising, and Escrow Funds, and Disciplinary Action. By the end of the course you will be able to: 

    • Know that Loan Estimate and Closing Disclosure must be signed and dated by the borrower(s). (ARM 2.59.1710 and ARM 2.59.1724);
    • Explain the record keeping requirements for mortgage brokers and mortgage lenders and the general requirements for the maintenance, storage, transfer, and destruction of records. (32-9-121, MCA, and ARM 2.59.1710, 2.59.1724, and 2.59.1746);
    • Demonstrate the requirements for advertising, including social media and individual websites if used for the provision of services. Know the additional advertising requirements outlined in the mortgage lender prohibitions and under prohibited acts. (32- 9-124, 32-9-149, and 32-9-168, MCA);
    • Discuss the Montana Mortgage Loan Origination Disclosure, which is required for loans brokered by mortgage loan originators, and its requirements, including that the form must be signed and dated by the borrower(s). (32-9-124(2), MCA, and ARM 2.59.1737);
    • Articulate the prohibited acts for a mortgage loan originator. (32-9-124, MCA);
    • Know that a mortgage loan originator may work for only one mortgage broker/mortgage lender. (32-9-116, MCA);
    • Describe the role and responsibilities of a designated manager. (32-9-122, MCA)

3 Hour New Mexico SAFE: Understanding New Mexico Mortgage Law (#11089)

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

2 Hour Florida SAFE: Understanding Florida Mortgage Law (#10982)

2 Hour FL SAFE: Understanding Florida Mortgage Law Online Self-Study Pre-Licensing Education [Course #10982] 

Course Format: OSS (Online Self-Study)

Credit Hours: 2 Elective PE Credit

NMLS Approval #10982

This 2-hour Florida 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 and Operation Requirement and Prohibited Acts, Disciplinary Action, and Penalties. By the end of the course you will be able to: 

    •  Understand the license and application requirements for Florida;
    • Learn how to maintain a license in Florida;
    • Be able to identify prohibited acts and practices;
    • Understand what conduct is required;

5 Hour Maryland SAFE: Understanding Maryland Mortgage Law (#10942)

5 Hour MD SAFE: Understanding Maryland Mortgage Law Online Self-Study Pre-Licensing Education [Course #10942] 

Course Format: OSS (Online Self-Study)

Credit Hours: 5 Elective PE Credit

NMLS Approval #10942

This 5-hour Maryland 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 four (4) 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 Maryland Mortgage Loan Originator Law and Regulations, Maryland Lender Law and Regulations, Secondary Mortgage Loans, Reverse Mortgage Loans, the MD ECOA, and other Unique Areas of Maryland Law. By the end of the course you will be able to:

    •  Understand the requirements for obtaining and retaining a mortgage license in Maryland;
    • Understand the limitations on issuance of a license based on an applicant’s past;
    • Understand the prohibitions and required behavior associated with having a Maryland mortgage license;
    • Be familiar with the Maryland Mortgage Fraud Act;
    • Be aware of the requirements of the Maryland Finder’s Fee Act

3 Hour Texas SAFE: Understanding Texas Mortgage Law (#10990)

3 Hour TX-SML SAFE: Understanding Texas Mortgage Law Online Self-Study Pre-Licensing Education [Course #10990] 

Course Format: OSS (Online Self-Study)

Credit Hours: 3 Elective PE Credit

NMLS Approval #10990

This 3-hour Texas SML 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 including but not limited to Internet Explorer, Netscape, and Firefox.    

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 TX Home Equity Loans, Reverse Mortgages, Disclosures, TX Saving and Mortgage Lending Department Operations and Examination Procedures. By the end of the course you will be able to: 

    • Understand who has mortgage licensing oversight responsibility in Texas and how often licensees will be examined;
    • Have an understanding of how to receive and maintain a mortgage origination license in TX;
    • Be familiar with the requirements needed for license renewal;
    • Have knowledge of prohibited conduct and required behavior;

 

2 Hour California SAFE: Understanding California Mortgage Law (#10950)

2 Hour CA-DBO SAFE: Understanding California Mortgage Law Online Self-Study Pre-Licensing Education [Course #10950] 

Course Format: OSS (Online Self-Study)

Credit Hours: 2 Elective PE Credit

NMLS Approval #10950

This 2-hour California-DBO 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 California Financing Law and the California Residential Mortgage Lending Act. By the end of the course you will be able to: 

    • Understand and identify the importance of CA-DBO Financing Law; and
    • Understand and identify the importance of the CA-DBO California Residential Mortgage Lending Act.