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This course presents Connecticut law and rule requirements relating to originating mortgage loans securing residential real property located throughout the State of Connecticut. The purpose of this training is to prepare Connecticut Mortgage Loan Originator license candidates with the necessary information to ensure fair, ethical, and compliant mortgage loan origination activities.
| Price: |
$49.00 (USD)
+ $1.50 NMLS Credit Banking Fee |
|---|---|
| Credit Hours: | 1 |
| Category: | Vocational Training > Mortgage > License Training > Connecticut > PE Elective |
| Purpose: | Mandatory Connecticut state-specific component for Department mortgage licensee applicants |
| Features: | Online Text, Online Audio, PDF eBook, Printable Certificate |
OnlineEd
14355 SW ALLEN BLVD STE 240,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com
NMLS Course Provider ID: 1400327
Purchase of this package requires that you read and acknowledge an Enrollment Agreement before receiving credit for any courses contained in this package. Please review the following:
NMLS Course ID: 12846
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: PE Elective
This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in Connecticut under the Connecticut Department of Banking. This 1-hour course covers Connecticut-specific rules and regulations as mandated by the Department, and is required as part of the 21 hours of prelicensure education needed to become a Connecticut-licensed mortgage loan originator.
This course consists of five parts and a final exam:
Total study time: 1 credit hour (50 minutes)
The Connecticut Abusive Home Loan Lending Practices Act (CAHLLPA) is Connecticut law that is designed to protect the borrower/consumer of a high-cost loan from the actions of a haphazard or ill-intending mortgage loan officer. The CAHLLPA does not address reverse mortgages. In this module, we'll explain the Connecticut restrictions on lending a high-cost home loan to high-risk consumers.
To maintain consistency while minimizing contradictions and redundancy, many state statutes were intentionally enacted to mirror federal regulations. This module will explain various actions of a licensee that would be considered illegal, and the restrictions on working with nonprime home loans.
Those who want to practice residential mortgage lending in our state are required to first obtain authorization from the Department of Banking. In this module, we will outline the steps a license candidate need to take to receive a Connecticut mortgage loan originator license.
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:
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.
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.
