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2 Hour MT SAFE: Montanta Mortgage Lending Laws

Montana Pre-License 2 Hours Online PE Elective

Mandatory Montana state-specific component for DBFI mortgage licensee applicants

This NMLS mortgage lending laws course is designed to prepare a candidate to become a licensed mortgage loan originator in Montana.
$49.00
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Included Standard:

Online Course Online Audio PDF & EPUB eBook Printable Certificate

Online Course

All learning is online. Start immediately. Learn on your own schedule.

Online Audio

Read-along audio plays the course text back to you.

PDF & EPUB eBook

Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.

Printable Certificate

Download and print your own certificate.

This course presents Montana law and rule requirements relating to originating mortgage loans securing residential real property located throughout the State of Montana. The purpose of this training is to prepare Montana Mortgage Loan Originator license candidates with the necessary information to ensure fair, ethical, and compliant mortgage loan origination activities.

Summary

Price: $49.00 (USD)
+ $3.00 NMLS Credit Banking Fee
Credit Hours: 2
Category: Mortgage > License Training > Montana > PE Elective
Purpose: Mandatory Montana state-specific component for DBFI mortgage licensee applicants
Features: Online Text, Online Audio, PDF eBook, Printable Certificate

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Terms of Service:

Purchase of this package requires that you read and acknowledge a Terms of Service agreement before receiving credit for any courses contained in this package. Please review the following:

2 Hour MT SAFE: Montanta Mortgage Lending Laws

NMLS Course ID: 11823

NMLS Sponsor ID: 1400327

Credit Hours Provided: 2

Category: PE Elective

View Course Syllabus

This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in Montana under the Division of Banking and Financial Institutions (DBFI). This 2-hour course covers Montana specific rules and regulations, and is required as part of the 20 hours of prelicensure education needed to become a Montana mortgage loan originator.

Topics and Learning Objectives

This course consists of two modules and a final exam:

  1. The Montana Mortgage Act (65 minutes)
  2. Administrative Rules of Montana (25 minutes)
  3. Final Exam (10 minutes)

Total study time: 2 credit hours 

Module 1: The Montana Mortgage Act

This module will explain the Montana Mortgage Act, 32-9-101 MCA through 32-9-172 MCA. This act outlines the licensing regulations of the residential mortgage industry in our state. The intention of the act is to promote honesty, education, and professionalism; to ensure the availability and diversity of residential mortgage funding; and to protect Montana consumers and the stability of Montana's economy.

Module 2: Administrative Rules of Montana

This module will explain the administrative rules of the Montana Department of Administration (DOA) and its Division of Banking and Financial Institutions (DBFI). The Administrative Rules of Montana (ARM) define the recordkeeping requirements of licensees relating to file such as disclosures, applications, advertisements, and complaints.

NMLS ID Required

You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.

If you already have an NMLS ID, but don't remember what it is:

  • Login into NMLS,
  • Click on the Composite View tab, then
  • Click View Individual on the sub-header row.
  • The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center

This course will remain available to students for 365 days after enrollment.

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.