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, loan brokers and lenders doing business in Rhode Island. 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 Rhode Island. This Rhode Island state elective is NMLS-approved for the one hour of state specific education required for mortgage loan originators to renew their Rhode Island mortgage license.
What You'll Learn
- Required conduct for licensees under the Rhode Island SAFE Act
- Provisions of the Rhode Island Home Loan Protection Act
- The Rhode Island Fair Housing Practices Act, including definitions and unlawful practices
- Provisions of the law related to the securing of title services and prepayment penalties
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.