LATE CE 1 Hour MA SAFE: Compliance, Recent Enforcement, and CRA Requirements (16987)
Description
This course is broken up into two chapters. The first chapter is about the MA Division of Banks and their regulatory authority and recent enforcement actions. Our second chapter is all about the Community Reinvestment Act (CRA) and Proprietary Reverse Mortgage Programs.
NMLS Provider ID #1400062
Late CE 1 Hour SC-DCA SAFE Course ID #
$25.98
Course Objectives
By the end of this course, learners will be able to:
- Discuss the MA-DOB regulatory authority over the mortgage industry
- Review mortgage originators’ and mortgage companies’ growth patterns in MA
- Examine the regulatory enforcement actions taken against mortgage brokers and mortgage lenders in 2022
- Analyze best practices to comply based on enforcement actions
- Summarize the MA Community Reinvestment Act (CRA) requirements
- Review the CRA examination findings for mortgage lenders
- Illustrate the CRA rating and how to obtain a high satisfactory rating
