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:
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- 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)
4 Hour MS SAFE: Understanding Mississippi Mortgage Law On-line Self-Study Pre-Licensing Education [Course #10975]
Course Format: OSS (Online Self-Study)
Credit Hours: 4 Elective PE Credit
NMLS Approval #10975
This 4-hour Mississippi 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 the Mississippi Department of Banking and Consumer Finance, Mississippi Law and Regulation Definitions, Mississippi License Law and Regulations, and Compliance. By the end of the course you will be able to:
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- Know the licensing requirements for loan originators;
- Identify loan file requirements
- Articulate the prohibited acts for a mortgage loan originator licensed with the MS-DBCF
2 Hour MI SAFE: Understanding Michigan Mortgage Law Online Self-Study Pre-Licensing Education [Course #10986]
Course Format: OSS (Online Self-Study)
Credit Hours: 2 Elective PE Credit
NMLS Approval #10986
This 2-hour Michigan 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 Mortgage Loan Originator Licensing Act, the Mortgage Brokers, Lenders, and Servicers Licensing Act, The Secondary Mortgage Loan Act, The Consumer Mortgage Protection Act, and the Mortgage Lending Practices Act. By the end of the course you will be able to:
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- Know that a license will not be issued if Applicant is convicted of a felony within a 10- year period preceding the date of application. MCL 493.139, section 9(1)(c)(i) of the Mortgage Loan Originator Licensing Act (MLOLA); and
- Understand the license renewal requirements and the penalty for late renewal. Know that the license renews annually on 12/31 (MCL 493.145, section 15 of MLOLA), and the late penalty is $25/day ($1,000 maximum fee) if received after December 31 (MCL 493.149, section 19 of MLOLA)
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:
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- 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
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:
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- 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
2 Hour IN SAFE: Understanding Indiana Mortgage Law Online Self-Study Pre-Licensing Education [Course #10965]
Course Format: OSS (Online Self-Study)
Credit Hours: 2 Elective PE Credit
NMLS Approval #10965
This 2-hour Indiana 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 Oversight Responsibility, Definitions, Indiana License Law and Regulation, Compliance, and Disciplinary Action. By the end of the course you will be able to:
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- Know the fingerprint requirements;
- Articulate the principal manager requirements;
- Describe the document requirements for a loan file;
- Understand that the license number of each MLO or Principal Manager who has contact with a file must be placed on the Loan Broker Agreement.
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.
3 Hour HI SAFE: Understanding Hawaii Mortgage Law Online Self-Study Pre-Licensing Education [Course #10947]
Course Format: OSS (Online Self-Study)
Credit Hours: 3 Elective PE Credit
NMLS Approval #10947
This 3-hour Hawaii 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 Hawaii SAFE Act and other Additional Areas of Importance. By the end of the course you will be able to:
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- Be familiar with the regulatory authority in the state of Hawaii, its structure and authority;
- Know and understand definitions used in Hawaii mortgage law;
- Understand how to apply and qualify for a mortgage license in Hawaii and how to maintain such license;
- Be familiar with required disclosures and agreements.
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:
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- 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;
3 Hour DC SAFE: Understanding DC Mortgage Law Online Self-Study Pre-Licensing Education [Course #10967]
Course Format: OSS (Online Self-Study)
Credit Hours: 3 Elective PE Credit
NMLS Approval #10967
This 3-hour DC 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 DC Department of Insurance, Securities, and Banking, District Law and Regulations, License Law and Regulation, Compliance, Disciplinary Action, and Unique District Areas. By the end of the course you will be able to:
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- Become familiar with the regulations and authority associated with mortgage lending in DC;
- Understand how to obtain and maintain a mortgage license in DC;
- Learn the financial responsibilities associated with having a license;
- Understand prohibited acts and practices and the penalties associated with non-compliance.
