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MTG7224

Course
MTG7224
Course Title
8-Hour SAFE Comprehensive CE: 2014 New Rules and Responsibilities

Description

The purpose of this course is to meet the eight (8) hours of annual continuing education required by the SAFE Mortgage Licensing Act for licensed mortgage loan originators. Students will be presented with new rules and responsibilities related to Dodd-Frank Wall Street Reform and Consumer Protection Act, RESPA and Truth-in-Lending Act, FHA 203(k) Rehabilitation Home Mortgage Insurance Program and North Carolina Mortgage Law Updates and Reminders.

Objectives

Expose students to updated federal and state laws and satisfy the annual continuing education requirements.

Content

  • Federal Law

Dodd-Frank Wall Street Reform and Consumer Protection Act: Ability -to- Repay (ATR), Qualified Mortgages Rules (QM), and High Cost Mortgages

  • Ethics and Consumer Lending

Real Estate Settlement Procedures Act (RESPA) & Truth-in-Lending Act (Regulation Z)

Loan Estimate and Closing Disclosure (for 2015)

  • Non-traditional Mortgage Loan Product

FHA 203(k) Rehabilitation Home Mortgage Insurance Program

  • North Carolina Mortgage Law

Updates & Reminders

 

 

 

Prerequisites

None.

Method of Instruction

Lecture and in-class quizzes.

Evaluation

Lecture and in-class quizzes.