Florida NMLS-Approved Mortgage Continuing Education

Maintaining Mortgage Industry Awareness provides a review of relevant issues facing mortgage loan originators today, specifically those outlined by NMLS as required topics for continuing education. Students will examine provisions of the Truth-in-Lending Act, the TILA-RESPA Integrated Disclosure Rule, and the Qualified Mortgage Rule, including issues related to considering the triggers, tolerances, and thresholds that enable loan originators to determine when disclosures are due and what information is required. In addition, students will take a look at the Real Estate Settlement Procedures Act, specifically rules related to lead agreements, marketing services agreements, co-marketing, desk licensing agreements, and affiliated business arrangements. Students will also review several nontraditional mortgage products, such as adjustable-rate mortgages and fixed-rate mortgages with terms of 15 and 40 years. Finally, students will review mortgage laws and regulations specific to the state of Florida. This course is NMLS-approved for eight hours of continuing education required for Florida mortgage loan originators, as specified by the S.A.F.E. Mortgage Licensing Act and Florida law. Annual S.A.F.E. Act continuing education requirements for Florida loan originators include three hours of federal law, two hours of ethics, two hours of nontraditional mortgage lending, and one hour of Florida-specific laws and regulations, for a total of eight hours.

This course will focus on the laws and rules that regulate mortgage loan originators, lenders, and brokers doing business in Florida. The topics included in this course are presented according to those outlined by the state as subjects that must be included in order to satisfy the continuing education requirements for mortgage loan originators. In Module 1, students will review provisions of Florida law and its accompanying regulations, including the authority of the Office of Financial Regulation and required conduct for licensees related to licensure, fees, disclosures, and reporting. In Module 2, students will look at recordkeeping requirements and prohibited conduct for licensees, as well as disciplinary action that may be taken when violations of the law occur. Students will also spend time reviewing Florida-specific rules related to mortgages and conveyances and the Florida homestead exemption.

This course will focus on the laws and rules that regulate mortgage loan originators, lenders, and brokers doing business in Florida. The topics included in this course are presented according to those outlined by the state as subjects that must be included in order to satisfy the continuing education requirements for mortgage loan originators. In Module 1, students will review provisions of Florida law and its accompanying regulations, including the authority of the Office of Financial Regulation and required conduct for licensees related to licensure, fees, disclosures, and reporting. In Module 2, students will look at recordkeeping requirements and prohibited conduct for licensees, as well as disciplinary action that may be taken when violations of the law occur. Students will also spend time reviewing Florida-specific rules related to mortgages and conveyances and the Florida homestead exemption.