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Continuing Education Online Self-Paced

2 Hour WV SAFE: Keeping Current on West Virginia 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, mortgage lenders, and brokers doing business in West Virginia. Students taking this course will focus on a variety of topics, including a review of fictionalized scenarios based on real regulatory decisions made by the West Virginia Division of Financial Institutions. This West Virginia state elective is NMLS-approved for the two hours of state specific education required for mortgage loan originators to renew their West Virginia mortgage license.
$44.00
SKU 4303WV21500A00
  • 24/7 access to your course online
  • Certificate of Completion

What You'll Learn

  • The authority of the West Virginia Division of Financial Institutions to regulate mortgage professionals in the state
  • Key terms related to mortgage business
  • Provisions of the law related to required conduct for mortgage licensees, including license maintenance, ability to repay, and tangible net benefit
  • Recordkeeping requirements for West Virginia mortgage professionals
  • Provisions of the West Virginia Good Funds Settlement Act
  • Prohibited acts and practices for mortgage licensees, as well as disciplinary consequences for violations 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.

FAQs

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