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Late Continuing Education Online Self-Paced

Late CE: 1 Hour MN SAFE: Keeping Current on Minnesota Mortgage Law (12230) (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 and mortgage loan originator companies doing business in Minnesota. Students taking this course will focus on a variety of topics, including a review of fictionalized scenarios based on real decisions made by regulatory authorities overseeing mortgage business in Minnesota. This Minnesota state elective is NMLS-approved for the one hour of state specific education required for mortgage loan originators to renew their Minnesota mortgage license. The content for this course is the same as course ID 12230 and is intended to satisfy CE requirements for 2021 or the last year a mortgage loan originator held an active license. Mortgage loan originators cannot take this course again for credit in 2022.
$59.00
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SKU 4303MN22510A00

  • 24/7 access to your course online
  • Certificate of Completion

What You'll Learn

  • The authority of the Department of Commerce and its role in regulating Minnesota mortgage professionals
  • Important terms related to mortgage loan transactions in the state
  • Required conduct for mortgage licensees, including recordkeeping and reporting, trust accounts, and more
  • Sections of Minnesota law that outline regulations for mortgage loan transactions
  • Prohibited acts and practices under the Residential Mortgage Originator and Servicer Licensing Act and the Minnesota S.A.F.E. Act
  • Disciplinary consequences that will result from 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

State Requirements

FAQs

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NMLS APPROVED ID 13553

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