LATE CE 2 Hour NJ SAFE: Financial Fraud, Predatory Lending and Disaster Lending OSS (16991)
Description
In this course, you will learn about mortgage fraud statistics as well the types of fraud that exist. You will also learn about predatory lending, including a conversation on an NJ state law, as well as national disasters and what loan options are available to help consumers that face their homes being destroyed in a disaster.
NMLS Provider ID #1400062
Late CE 2 Hour NJ SAFE Course ID #
$51.96
Course Objectives
By the end of this course, learners will be able to:
- Define mortgage fraud
- Review the Fraud Statistics Report
- Examine wire fraud
- Redefine prohibited acts and violations
- Deconstruct a case study and understand what they did wrong
- Describe the requirements under the Home Owners Security Act of 2002
- Relate the penalties for violations of the Home Owners Security Act of 2002
- Discuss the avenues for consumer complaints in NJ
- Understand the risk of natural disasters today
- Relate the requirements for disaster lending by Fannie, Freddie, and FHA
- Describe Energy Efficient Mortgages (EEMs)
