2 Hour MT SAFE Review of Montana Mortgage Law provides a review of the laws that impact mortgage activities in Montana. In Module 1, students will spend one hour reviewing the Montana Mortgage Act and the Montana Mortgage Broker and Loan Originator Licensing Administrative Rules. Students will examine the authority of the Division of Banking and Financial Institutions, definitions important for understanding the law, and information on license qualifications and the application process. In Module 2, students will spend the second hour of the course continuing to review the Montana Mortgage Act and the Montana Mortgage Broker and Loan Originator Licensing Administrative Rules. Students will become familiar with required and prohibited conduct for licensees, as well as the disciplinary action that may be taken when violations have occurred.
This online - instructor led course meets the 2-hour Montana-specific pre-licensing education requirement for loan originators and offers a thorough review of the information and laws that license applicants must understand in order to make, broker, or originate loans in compliance with Montana law.