LATE CE 1 Hour NM SAFE: Law-Fiduciary Responsibility and Affordable Housing OSS (17091)
Description
To educate mortgage loan officers to know what their fiduciary responsibility is and what violations are, so as to avoid committing them. Also, to educate MLOs on the affordable housing crisis and what down payment assistance options are available to homebuyers.
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:
- Define a fiduciary relationship
- Describe the fiduciary responsibilities of an MLO
- Outline the potential penalties, administrative, civil or criminal for violations
- Describe renewal license requirements
- Review a case study about falsifying mortgage documents
- Restate what affordable housing is and the four factors causing an affordable housing crisis in the US
- Understand the basic requirements for the MPA New Mexico Down Payment assistance loans
- Describe the options available through Fannie Mae and Freddie Mac for low-to-moderate-income borrowers
