LATE CE 1 Hour NV SAFE: Compliance and Prohibited Acts for Qualified Employees OSS (16963)
Description
In this course, we will be discussing what it takes to renew your license and meet compliance requirements as well as Escrow and Trust accounts. This will include information about Disclosures and Prohibited Acts as well.
NMLS Provider ID #1400062
Late CE 1 Hour NV SAFE Course ID #
$25.98
Course Objectives
By the end of this course, learners will be able to:
- Review the Division of Mortgage Lending’s responsibilities in Nevada
- Summarize the license renewal process for mortgage originators and mortgage companies
- Describe the variances between mortgage companies, wholesale lenders, lead generation activities, and mortgage servicers, including license requirements
- Explain advanced notification requirements for DBAs, Changes of Ownership or Control, and Qualified Employee changes
- Identity minimum net worth and surety bond coverage requirements
- Translate various office location requirements, including branch offices
- Define record retention requirements
- Classify the various details required in the Monthly Activity Report (MAR)
- Review the latest updates to Nevada law regarding mortgage lending.
- Describe in detail the escrow and trust account requirements
- Review record retention requirements
- Explain additional disclosure requirements when interested parties are involved in the mortgage transaction
- Demonstrate the dual capacity disclosures required when acting as a dual agent in a mortgage transaction
- Illustrate advertising and marketing best practices and identify how Nevada reviews all types of advertising and marketing materials presented by mortgage professionals
- Examine special conditions and limitations on certain mortgage loan transactions
- Summarize unfair lending practices and the authority of the Commissioner to take action
