LATE CE 1 Hour MN SAFE: Required Topics & Advertising OSS (16962)
Description
In this course, we will be discussing Licensing Laws and Regulations, as well as advertising. The course will be broken up into two separate chapters.
NMLS Provider ID #1400062
Late CE 1 Hour MN SAFE Course ID #
$25.98
Course Objectives
By the end of this course, learners will be able to:
- Discuss the authority of the Minnesota Department of Commerce to conduct examinations and investigations
- Summarize the Minnesota Residential Mortgage Originator and Servicer Licensing Act
- Explain Minnesota law on the lending authority of financial institutions related to residential mortgage lending
- Restate Minnesota specific definitions, such as residential real property
- Review Minnesota Department of Commerce supervisory guidance on common compliance deficiencies
- Examine compliance recommendations
- Discuss fees and charges that are permitted
- Know the interest rate, discount point agreements and net tangible benefits analysis to borrowers
- Outline the mortgage broker duties and an agency relationship with a borrower.
- Understand updates to Minnesota law related to mortgage servicing and origination.
- Discuss Minnesota Advertising Statutes/Federal Advertising Statutes
- Illustrate the requirements for proper advertising standards that should include social media and company/MLO webpages
- Compare Social Media Dos and Don’ts
- Investigate Case Studies
