Mortgage Acts and Practices (MAAPS)
Unless you are specifically exempted from FTC oversight anyone subject to MAAPS should be aware of this law and its requirements. The FTC and State authorities can use this weapon to seek civil penalties for anyone caught using deceptive mortgage advertising. This rule encompasses mortgage lenders, mortgage brokers, servicers, real estate agents, advertisers, brokers, builders, lead generators and more and companies should be certain their staff are appropriately trained on the rules to avoid penalties and/or fines.
This course covers the rule in a short 15 minute review of the law and provides a completion certificate for students who take the course and pass a short assessment that acknowledges their understanding of the content being presented.
This course is also part of our Compliance Pack of Courses for companies needing a full compliance training solution.