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Continuing Education Classroom

3 Hour NY SAFE: A Guide to New York Mortgage Law (Live)

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 companies doing business in New York. 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 New York Department of Financial Services. This New York state elective is NMLS-approved for the three hours of state specific education required for mortgage loan originators to renew their New York mortgage license.
$89.00
SKU 4303NY20500B00
Certificate of Completion

What You'll Learn

  • Standards for obtaining and maintaining licensure in New York
  • Required conduct for mortgage licensees, including required disclosures and limitations on fees and charges
  • Provisions under the law for originating reverse mortgages and high-cost mortgage loans
  • Junior liens as they are defined under the law
  • Prohibited conduct and practices for mortgage licensees in New York
  • Standards and procedures for examinations and investigations
  • Consequences that may result from violating the law

How it Works

This course is delivered in a face to face format in which the student and instructor will occupy and interact in the same physical location.
  • All materials for your NMLS-approved Live CE Courses will be handed to you on the scheduled day of class. Materials will include textbook(s), assessment(s), syllabi, Rules of Conduct (ROC) and a survey. At the beginning of class you will need to provide a valid photo ID during the time of registration in order to attend class. For all Live CE courses, you must be present and attentive for the full length of class. If you are unable to complete any section of the class, you will be required to reschedule. Any missed check-in will prevent you from receiving credit, and you will be required to reschedule. Before you are able to receive credit, you must also initial on the roster that you have read and understand the Rules of Conduct Document (ROC), which will be made available to you when you arrive to the class.
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