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, bankers and brokers doing business in Oregon. Students taking this course will focus on a variety of topics, including a review of fictionalized scenarios based on real regulatory decisions made by the Oregon Department of Business and Consumer Services. This Oregon state elective is NMLS-approved for the two hours of state specific education required for mortgage loan originators to renew their Oregon mortgage license.
What You'll Learn
- Overview of the Department of Consumer and Business Services and its Division of Financial Regulation
- Provisions of the Oregon Mortgage Lender Law and Oregon SAFE Act related to disclosures and advertising
- Specific duties of licensees, including recordkeeping and reporting
- Prohibited conduct for Oregon mortgage licensees
- Provisions of the law related to unfair, deceptive or fraudulent lending practices
- The Oregon Unlawful Trade Practices Act
- Disciplinary actions that may result from violations of the law
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.