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