LATE CE 1 Hour FL SAFE: Mortgage Fraud & Required Topics OSS (17114)
Description
This course is broken into two separate chapters. In the first chapter, we will be diving into enforcement, prohibited acts, and fraud. In chapter two, we will discuss topics required by the Florida Office of Financial Regulations (FL-OFR).
$25.98
Course Objectives
By the end of this course, learners will be able to:
- Restate the prohibited acts under Florida law.
- Describe the examination and enforcement powers of the FL-OFR
- Understand the types of fraud that are more prevalent in today’s mortgage industry
- Describe licensing requirements like net worth, declaration of intent to engage in loan processing
- Restate the requirements for compliance filings, records, financial statements & reports
- Explain the requirements for escrow and trust accounts, advertising, and disclosures
- Understand Florida’s conditions and limitations of certain mortgage transactions like homestead exemptions, balloon mortgages, prepayment penalties, and loan modifications.
