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

Course Format

My Mortgage Trainer, Inc. conducts this 4 Hour OR SAFE: Understanding Oregon Mortgage Law pre-licensing education course in an online setting. Students can progress through the online modules at their own learning pace. The course utilizes My Mortgage Trainer, Inc.’s Learning Management System (LMS), which supports multiple browsers. Additionally, the course delivers its content in four (4) modules, accessible at any time. To enhance comprehension, the course incorporates case studies and practice quizzes. Following NMLS requirements, the class concludes with a final exam and survey. Upon enrolling in the class, participants receive a confirmation email containing login information to initiate the course. Upon logging in, participants must read and acknowledge the ROC’s agreement and confirm their identity through bio-signature to proceed with the online course.

4 Hour OR SAFE Course Topics

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:

• Understand Oregon’s definition of a residential mortgage loan and its distinction from TILA;
• Describe the circumstances under which a company may permit an 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 promptly;
• Discuss Oregon’s rate-lock disclosure form;
• Identify the disclosures 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;
• Understand that an MLO is required to sign initial and final loan applications;
• Explain the requirements for handling client funds, including determining when funds are considered trust funds, refunds of funds, as well as the manner of deposit and disbursement of trust funds;
• Understand 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.

Visit for more information on Oregon Education Requirements: Oregon Education Notice