Continuing Education Online Self-Paced

1 Hour MN SAFE: Minnesota Mortgage Law Updates (OSP)

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.

$39.00

SKU 4303MN19500A00
  • 24/7 access to your course online
  • Certificate of completion

What You'll Learn

  • The authority of the Minnesota Department of Commerce, and it's role in conducting investigations and examinations
  • Important definitions related to mortgage business in Minnesota
  • Required licensee conduct, including guidelines for recordkeeping and reporting, surety bonds, trust accounts and the duty of agency
  • Minnesota statutes on lending authority and regulation of residential mortgage loan transactions
  • Prohibited conduct under the Residential Mortgage Originator and Servicer Licensing Act and the Minnesota SAFE Act
  • Disciplinary actions for violations of applicable laws and regulations

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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