12 Hour Arizona Responsible Individual - Non MLOs 2026 CE

What You'll Learn

• Define requirements for notifying consumers of action taken on their loan applications
• Recognize common compliance failures in completion of the Loan Estimate and Closing Disclosure
• Recall significant compliance standards under TILA‚ including disclosure requirements‚ lending standards for HPMLs‚ and more
• Describe RESPA’s prohibitions against improper handling of fees and charges
• Recall the key context for and scope of the Equal Credit Opportunity Act and the Fair Housing Act
• Discuss various forms of overt and implicit discrimination that occur in the marketplace
• Define disparate impact and why it matters in a mortgage context
• Recognize contemporary fair lending measures in the marketplace
• Identify the benefits and drawbacks of common nontraditional products for qualified borrowers
• Define non-qualified mortgages and the standards to which they are held
• Describe the key features‚ risks‚ and rewards of no-cost loans‚ ARMs‚ and 40-year mortgages
• Recognize several contemporary money laundering and mortgage fraud tactics
• Recall the key measures of federal anti-money laundering laws and regulations
• Discuss the connections between digital currency‚ money laundering‚ and mortgages
• Describe credit report basics and their role in evaluating potential borrowers
• Define underwriting guidelines that must be followed when using nontraditional credit history to establish creditworthiness
• Recall privacy requirements imposed by the Gramm-Leach-Bliley Act
• Identify high-cost mortgage loans and their requirements
• Identify special requirements and limitations for high-cost mortgages and higher-priced mortgage loans
• Recall standards of required conduct for Arizona licensees
• Recognize the authority of the AZ DIFI‚ discuss electronic closing processes‚ and define acts of mortgage fraud in Arizona
• Identify prohibited acts and practices and the disciplinary consequences of violating the law in Arizona