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).
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- 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 ID SAFE: Understanding Idaho Mortgage Law Online Self-Study Pre-Licensing Education [Course #10963]
Course Format: OSS (Online Self-Study)
Credit Hours: 2 Elective PE Credit
NMLS Approval #10963
This 2-hour Idaho 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 Requirements and Compliance and Disciplinary Action. By the end of the course you will be able to:
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- Describe the provisions that make fraud against a financial institution, which includes mortgage brokers/lenders, by an employee of the financial institution a specific category of financial fraud, and identify the consequences of this type of fraud;
- Understand the general difference between statutory compliance and underwriting/quality control.
- Articulate the disclosure requirements when using social media or other mediums for advertising under the IRMPA and other applicable law;
- Know that the NMLS unique identifier requirements apply to all licensees, not just originators;
- Discuss how the licensee’s receipt of the borrower’s request for credit constitutes an application under the IRMPA and other applicable law. Understand how any Idaho specific disclosure requirements that are tied to application timelines may not necessarily align with federal disclosure requirements;
- Identify the prohibitions in the IRMPA that apply to both company and individual licensees that have no counterparts in federal law or regulation (e.g. prohibitions against violations of, or misrepresentations regarding, S.A.F.E Act education and testing requirements);
- Explain the requirements for branch versus individual licensure.
