Pre-licensing Education Online Self-Paced

2 Hour MI SAFE Review of Michigan Mortgage Law (OSP)

About This Course

Get up to speed on Michigan specific mortgage law.This course addresses the lending statutes within Michigan law that specifically apply to how mortgage professionals conduct business.You will review the Mortgage Loan Originator Licensing Act, as well as many other topics, including those listed below.This Michigan state elective is NMLS-approved for the two hours of state specific education required for mortgage professionals to attain a Michigan mortgage license.

$89.00

SKU 4309MI00450A00
24/7 access to your course online Certificate of completion

What You'll Learn

Explanation of the authority of the Department of Insurance and Financial Services, specifically the Office of Consumer Finance Identification and definition of important provisions of Michigan's licensing laws Coverage of the Mortgage Loan Originator Licensing Act and the Mortgage Brokers, Lenders, and Servicers Licensing Act, including qualifications and disciplinary actions Description of the Secondary Mortgage Loan Act Discussion of the Consumer Financial Services Act Summary of the Consumer Mortgage Protection Act Explanation of the Mortgage Lending Practices Act

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.

FAQs

Have a question?  Check out our Frequently Asked Questions