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

 

4 Hour West Virginia SAFE: Understanding West Virginia Mortgage Law (ID#10949)

4 Hour WV SAFE: Understanding West Virginia Mortgage Law On-line Self-Study Pre-Licensing Education [Course #10949] 

Course Format: OSS (Online Self-Study)

Credit Hours: 4 Elective PE Credit

NMLS Approval #10949

This 4-hour West Virginia 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 six (6) 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 WV DFI, Licensing, Residential Mortgage Loans, Conditions and Limitations of Certain Mortgage Transactions, Disclosures and Advertising, and Disciplinary Action. By the end of the course you will be able to:  

  • Describe the tangible net benefit requirements and demonstrate proper completion of the WV statutorily required form;
  • Know the late payment penalty maximum charge of $30, and describe the requirement that this be disclosed correctly on all loan disclosures;
  • Explain the loan-to-value limitation of 100% unless program is specifically exempted by statute;
  • Know that no application fees may be collected. Explain that third-party pass-through fees may be collected for the actual amount of the service provided. 

 

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

 

2 Hour TN SAFE: Understanding Tennessee Mortgage Law (ID#10952)

2 Hour TN SAFE: Understanding Tennessee Mortgage Law Online Self-Study Pre-Licensing Education [Course #10952] 

Course Format: OSS (Online Self-Study)

Credit Hours: 2 Elective PE Credit

NMLS Approval #10952

This 2-hour Tennessee 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 The Tennessee Residential Lending, Brokerage, and Servicing Act, and the Tennessee Home Loan Protection Act. By the end of the course you will be able to: 

    • Become familiar with the regulations and authority associated with mortgage lending in TN;
    • Understand how to obtain and maintain a mortgage license in TN;
    • Learn the financial responsibilities associated with having a license;
    • Understand prohibited acts and practices and the penalties associated with non-compliance

 

3 Hour SC-DCA SAFE: Understanding South Carolina Mortgage Law (ID#10962)

3 Hour SC-DCA SAFE: Understanding South Carolina Mortgage Law Online Self-Study Pre-Licensing Education [Course #10962] 

Course Format: OSS (Online Self-Study)

Credit Hours: 3 Elective PE Credit

NMLS Approval #10962

This 3-hour South Carolina DCA 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 South Carolina Regulation, Licensing and Operation, Compliance, and Disciplinary Action. By the end of the course you will be able to: 

    • Understand the mission of SC-BFI and SC-DCA and be familiar with different business entities and license types each oversees;
    • Know when to provide the attorney insurance preference form to consumers and ascertain the consumer’s preference as required by S.C. Code Ann. § 37-10-102;
    • Know where NMLS ID numbers are required on documentation as required by S.C. Code Ann. § 37-22-110, et seq. and S.C. Code Ann. § 40-58-10, et seq;
    • Understand how to comply with required provisions of section S.C. Code Ann. § 37-22-140(K) when licensed mortgage lenders act as a mortgage broker;
    • Explain how to disclose fees properly on mortgage broker fee agreement and the timeline in which the mortgage broker fee agreement must be provided (S.C. Code Ann. § 40-58-75);
    • Understand the consequences associated with failure to properly sign application forms;
    • Articulate the requirements associated with the disclosure that identifies the agency designated to receive complaints or inquiries from the consumer (S.C. Code Ann. § 37- 23-70);
    • Describe how state law is different from federal law regarding prohibited activities and mortgage broker fee agreement (S.C. Code Ann. § 40-58-70, 75 & 78; S.C. Code Ann. § 37-22-190);
    • Understand the mortgage log requirement

 

3 Hour SC-BFI SAFE: Understanding South Carolina Mortgage Law (#10960)

3 Hour SC-BFI SAFE: Understanding South Carolina Mortgage Law Online Self-Study Pre-Licensing Education [Course #10960] 

Course Format: OSS (Online Self-Study)

Credit Hours: 3 Elective PE Credit

NMLS Approval #10960

This 3-hour South Carolina BFI 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 South Carolina Regulation, Licensing and Operation, Compliance, and Disciplinary Action. By the end of the course you will be able to: 

    • Understand the mission of SC-BFI and SC-DCA and be familiar with different business entities and license types each oversees;
    • Know when to provide the attorney insurance preference form to consumers and ascertain the consumer’s preference as required by S.C. Code Ann. § 37-10-102;
    • Know where NMLS ID numbers are required on documentation as required by S.C. Code Ann. § 37-22-110, et seq. and S.C. Code Ann. § 40-58-10, et seq;
    • Understand how to comply with required provisions of section S.C. Code Ann. § 37-22-140(K) when licensed mortgage lenders act as a mortgage broker;
    • Explain how to disclose fees properly on mortgage broker fee agreement and the timeline in which the mortgage broker fee agreement must be provided (S.C. Code Ann. § 40-58-75);
    • Understand the consequences associated with failure to properly sign application forms;
    • Articulate the requirements associated with the disclosure that identifies the agency designated to receive complaints or inquiries from the consumer (S.C. Code Ann. § 37- 23-70);
    • Describe how state law is different from federal law regarding prohibited activities and mortgage broker fee agreement (S.C. Code Ann. § 40-58-70, 75 & 78; S.C. Code Ann. § 37-22-190);
    • Understand the mortgage log requirement

 

3 Hour Pennsylvania SAFE: Understanding Pennsylvania Mortgage Law (ID#10944)

3 Hour PA SAFE: Understanding Pennsylvania Mortgage Law Online Self-Study Pre-Licensing Education [Course #10944] 

Course Format: OSS (Online Self-Study)

Credit Hours: 3 Elective PE Credit

NMLS Approval #10944

This 3-hour Pennsylvania 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 the PA Department of Banking and Securities, Definitions, License Law and Regulation, Compliance and Disciplinary Action. By the end of the course you will be able to: 

    • Become familiar with the regulations and authority associated with mortgage licensing in PA;
    • Understand how to obtain and maintain a mortgage license in PA;
    • Learn the financial responsibilities associated with having a license;
    • Understand prohibited acts and practices and the penalties associated with non-compliance

 

Oregon 4HR SAFE: Understanding Oregon Mortgage Law (ID#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.

 

1 Hour Oklahoma SAFE: Understanding Oklahoma Mortgage Law (ID#10958)

 

1 Hour OK SAFE: Understanding Oklahoma Mortgage Law On-line Self-Study Pre-Licensing Education [Course #10958] 

 

Course Format: OSS (Online Self-Study)

 

Credit Hours: 1 Elective PE Credit

 

NMLS Approval #10958

 

 

 

This 1-hour Oklahoma 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.  We do recommend using Google Chrome with the latest Adobe Flash Player enabled.  

 

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 1-hour Oklahoma 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.

 

This course will cover key topics such as Uniform Consumer Credit Code and the Oklahoma SAFE Act. By the end of the course you will be able to:  

    • Understand the provisions of the Uniform Consumer Credit Code;
    • Understand licensing requirements, prohibited acts, and required behaviors

 

 

4 Hour Ohio SAFE: Understanding Ohio Mortgage Law (ID#10979)

4 Hour OH SAFE: Understanding Ohio Mortgage Law On-line Self-Study Pre-Licensing Education [Course #10979] 

Course Format: OSS (Online Self-Study)

Credit Hours: 4 Elective PE Credit

NMLS Approval #10979

This 4-hour Ohio 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 Ohio Law and Regulations, License Law and Regulation, Compliance, Disciplinary Action, and the Ohio Consumer Sales Practices Act. By the end of the course you will be able to:  

    • Understand the role and authority of the DFI in Ohio;
    • Be familiar with licensing, renewal, and education requirements;
    • Develop an awareness of the prohibited acts and practices outlined in the Ohio Residential Mortgage Lending Act;
    • Understand the record retention and reporting requirements of a licensee