The content for this course is the same as course ID 6691 and is intended to satisfy CE requirements for 2018 or the last year a mortgage loan originator held an active license. Mortgage loan originators who take this Late CE course are prohibited from taking course ID 6691 in 2019.
This course will focus on the laws and rules that regulate mortgage agents doing business in Nevada. In Module 1, students will examine the authority of the Nevada Division of Mortgage Lending and important definitions under the law. Students will also review required conduct for mortgage licensees, as well as provisions of Nevada law pertaining to fees, disclosures, and Chapter 645F licensees. In Module 2, students will review prohibited practices for licensees under the law and the legal implications of fraud. Students will also take a look at disciplinary action which may be taken when a licensee violates the law, including procedures for examinations and investigations performed by the Commissioner.
This course satisfies the three-hour Nevada-specific continuing education requirement for mortgage agents, as specified by Nevada law. In addition to three hours of Nevada-specific education, annual S.A.F.E. Act continuing education requirements include three hours of federal law, two hours of ethics, and two hours of nontraditional mortgage lending.