Late Continuing Education Online Self-Paced

Late CE: 1 Hour MN SAFE: A Guide to Minnesota Mortgage Law (11503) (Online)

About this Course

This course will focus on the laws and rules that regulate mortgage loan originators and mortgage loan originator companies doing business in Minnesota. 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. This course satisfies the one hour Minnesota specific continuing education requirement for loan originators, as specified by Minnesota law. The content for this course is the same as course ID 11503 and is intended to satisfy CE requirements for 2020 or the last year a mortgage loan originator held an active license. Mortgage loan originators cannot take this course again for credit in 2021.
SKU 4303MN21510A00
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  • 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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