Continuing Education Online Self-Paced

1 Hour MN SAFE: A Guide to Minnesota Mortgage Law (Online)

About This Course

State mortgage regulations are constantly evolving and keeping up with these changes can prove challenging. This course will focus on the laws and rules that regulate mortgage loan originators and mortgage loan originator companies doing business in Minnesota. Students taking this course will focus on a variety of topics, including a review of fictionalized scenarios based on real decisions made by regulatory authorities overseeing mortgage business in Minnesota. This Minnesota state elective is NMLS-approved for the one hour of state specific education required for mortgage loan originators to renew their Minnesota mortgage license.
SKU 4303MN20500A00
24/7 access to your course online
  • Certificate of completion
  • What You'll Learn

    • Authority of the Minnesota Department of Commerce as it relates to conducting examinations and investigations
    • Important definitions related to mortgage business in Minnesota
    • Required conduct for licensees, including recordkeeping, reporting, surety bonds, trust accounts and duty of agency
    • Requirements and prohibitions related to disclosures, advertising, and fees and charges
    • Minnesota statutes related to lending authority and regulation of residential mortgage loan transactions
    • Prohibited conduct for mortgage licensees under the Residential Mortgage Originator and Servicer Lending Act and the Minnesota SAFE Act
    • Disciplinary action that may be taken by the Commissioner for violation of the law

    How it Works

    This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. Please note this course is only supported for laptop or desktop computers, as NMLS requirements prohibit the consumption of licensing training on mobile devices, such as cell phones or tablets.


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