Late Continuing Education Online Self-Paced

Late CE: 1 Hour SAFE Elective Acceptable Sources of Funds (11318) (Online)

About this Course

The Home Mortgage Disclosure Act (HMDA) is a law that provides regulators and consumers with access to data that they can use to monitor the compliance of mortgage lenders with the Fair Housing Act and the Equal Credit Opportunity Act. The content for this course is the same as course ID 11318 and is intended to satisfy CE requirements for 2020 or the last year a mortgage loan originator held an active license. Mortgage loan originators cannot take this course again for credit in 2021.
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SKU 4303US21270A00

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

What You'll Learn

  • Sources a borrower may and may not use when purchasing a home
  • The usefulness of knowing FNMA, FHLMC and FHA asset rules
  • Terms associated with acceptable sources of funds
  • Situations in which collateralized funds may be used
  • Implications of using proceeds from the sale of real estate
  • Other sources of funds
  • Rules related to the use of interested party contributions, as well as liquid and non-liquid assets

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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