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8 Hours of 2021 Nevada CE for Mortgage Company Qualified Employees

Nevada CE 8 Hours Online Self-Study Bundle

Complete 8-hour package for NV QE designees. Includes the Division 1-hour state specific requirement.

Complete these Nevada qualified employee continuing education courses to renew your MLO license before the December 31, 2021 deadline.
$50.50

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Included Standard:

Online Course Includes Video Printable Certificate PDF & EPUB eBook

Optional Add-Ons:

Read-Along Audio MP3

Online Course

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

Includes Video

Video segments highlight important points

Printable Certificate

Download and print your own certificate.

PDF & EPUB eBook

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

Read-Along Audio MP3
Optional Add-On (+$5.00)

Have a narrator read the entire course to you as you make progress. You can also download the entire course in MP3 audio format. (National portion only)

Mortgage company Qualified Employees are required to complete 8 hours of continuing education, including a 1-hour Nevada specific education as long as they hold that position. This package of courses includes the required continuing education necessary to renew a qualified employee designation in Nevada. The Nevada Division of Mortgage Lending requires QE designees to take a total of 8 hours of continuing education each year: 7 hours in SAFE Act required topics, and 1 hour in NV-specific laws and regulations.

  1. 1 Hour NV SAFE: Nevada Qualified Employee Mortgage Regulations (NMLS ID 13004) - The Nevada Division of Mortgage Lending (the Division) requires mortgage company and mortgage servicer qualified employees to take a 1-hour course covering Division-defined mortgage regulation topics as part of the QE's annual continuing education requirement. This course covers topics relating to Nevada qualified employees. Please review the Course Syllabus for more details about this course.

  2. 7 Hour SAFE Core: 2021 Originator Fundamentals (NMLS ID 12723) - This course covers the required topics as mandated by the federal SAFE Act for annual NMLS mortgage license renewal. The topics in this course include the NMLS-required topics of the Truth in Lending Act, the Equal Credit Opportunity Act, and various miscellaneous regulations; a review of laws that regulate the advertisement of mortgage products; and an explain of nontraditional products such as to 203(k) loan, energy efficient mortgage, and the HomeReady® loan program. Please review the Course Syllabus for more details about this course.

These courses are new for 2021 and meet the SAFE Act's "successive years" rule.

Package Summary

Price: $50.50 (USD)
+ $12.00 NMLS Credit Banking Fee
Credit Hours: 8
Category: Mortgage > Continuing Education > Nevada
Purpose: Complete 8-hour package for NV QE designees. Includes the Division 1-hour state specific requirement.
Features: Online Text, Online Video, Printable Certificate, PDF eBook

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278

mail@onlineed.com

NMLS Course Provider ID: 1400327

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:


Courses Included In This Package:

7 Hour SAFE Core: 2021 Originator Fundamentals

NMLS Course ID: 12723

NMLS Sponsor ID: 1400327

Credit Hours Provided: 7

Category: CE Core

View Course Syllabus

This course will instruct mortgage loan originators on a number of regulations that they will have to comply with while taking part in their mortgage loan origination activities. Rules, such as those implemented by the Dodd-Frank Wall Street Reform and Consumer Protection Act, are set in place to protect the interest and well-being of consumers who apply for mortgages to purchase or refinance their properties. To ensure that their business practices satisfy the regulations adopted by federal laws, mortgage loan originators need to keep current on the guidelines published by entities such as the Consumer Financial Protection Bureau (CFPB).

Topics and Learning Objectives

This course consists of three sections and a final exam

  1. Federal Mortgage-Related Laws
  2. Ethical Mortgage Advertisement Practices
  3. Non-traditional Mortgage Products
  4. Final exam

Total study time: 7 credit hours (5 hours, 30 minutes)

Module 1: Federal Mortgage Related Laws

Study Time: 3 clock hours (150 minutes of federal law)

  • Equal Credit Opportunity Act (45 minutes)
  • Truth in Lending Act (70 minutes)
  • Miscellaneous Provisions (35 minutes)

Each year, the NMLS receives feedback from various agencies on problems and errors occurring in the mortgage industry. This feedback is then incorporated into your annual continuing education requirements as mandated by the NMLS. This module will cover a variety of conduct issues related to federal laws that are among the most frequently cited by examiners as industry problems.

We'll start this module covering the adverse action notice requirements of the Equal Credit Opportunity Act, 12 CFR 1002. Examiners are discovering that applicants are not receiving proper notification of adverse actions taken based on the information on their loan applications.

Next, we'll review several provisions of the the Truth in Lending Act. Specifically, we'll cover 12 CFR 1026.19 regarding proper disclosure of fees on the Loan Estimate and Closing Disclosure; 12 CFR 1026.25 regarding record keeping requirements; 12 CFR 1026.36 regarding the delivery of the special information booklet and NMLS ID disclosure requirements; and 12 CFR 1026.38 regarding proper disclosure of settlement costs.

Lastly, we'll review several miscellaneous NMLS topics: adverse action notices under the Fair Credit Reporting Act (15 USC 1681(m)), the Department of Veterans Affairs VA Circular 26-14-10, consumer consent to receiving digital records under the ESIGN Act (15 USC 7001), and the reporting requirements under the Home Mortgage Disclosure Act (12 CFR 1003).

Module 2: Ethical Mortgage Advertisement Practices

Study Time: 2 clock hours (100 minutes of ethics, fraud, and consumer protection)

  • The Mortgage Acts and Practices Advertising Rule (45 minutes)
  • TILA and RESPA Advertising Rules (20 minutes)
  • FTC Advertising Rules and Case Study (35 minutes)

This module is written with a focus on consumer protection. Most, if not all of the regulations of the mortgage and banking industry are implemented to protect the consumer. In this module you'll be provided with a better understanding of laws that protect consumers from untruthful mortgage advertising. Understanding what you can and cannot do in regard to advertising loan products is vital when dealing with the public and promoting your services. As an advocate for your customer it is up to you to be diligent in your understanding of the laws and regulations affecting our industry, how they affect you in your business, and how to adhere to them for compliance and consumer protection.

Module 3: Non-traditional Mortgage Products

Study Time: 2 clock hours (100 minutes of non-traditional mortgage)

  • The FHA 203(k) – A Program for Property Rehabilitation (30 minutes)
  • Energy Efficient Mortgage Programs (45 minutes)
  • Fannie Mae's HomeReady® Loan Program (25 minutes)

Besides a traditional conventional loan product, there are other options available when it comes to rehabilitating a home for purchase and refinance that may more perfectly fit the rehab loan needs of the borrower. This module will explain several non-traditional mortgage products, exploring other options available to borrowers such as the Federal Housing Administration's 203(k) property rehabilitation loan, four types of energy efficient mortgage products, and the Fannie Mae HomeReady® rehab loan product.

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.
  • 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.

1 Hour NV SAFE: Nevada Qualified Employee Mortgage Regulations

NMLS Course ID: 13004

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

View Course Syllabus

The Nevada Division of Mortgage Lending (the Division) requires mortgage company and mortgage servicer qualified employees to take a 1-hour course covering Division-defined mortgage regulation topics as part of the QE's annual continuing education requirement. This course covers topics relating to Nevada qualified employees.

Each licensed mortgage company must have a qualified employee at each location licensed with the Nevada Division of Mortgage Lending. (NRS 645B.021; NAC 645B.030)

A qualified employee is a natural person who is designated by a mortgage company to act on behalf of the mortgage company and who is approved by the Commissioner. (NAC 645B.008

The first module of this course is an introduction and an overview of the Division. The second module is an outline of the additional requirements for mortgage companies located in Nevada Administrative Code (NAC) 645B and Nevada Revised Statutes (NRS) 645B such as responsibilities, record keeping requirements, and advertisement restrictions. The third module examines other covered services supervised by the Division, such as foreclosure consultants, loan modification consultants, and mortgage servicers. The fourth and last module categories a variety of unfair mortgage lending practices that are prohibited as codified in NRS 598D.

Topics and Learning Objectives

This Nevada QE online continuing education course is broken down into several learning topics. At the end of the course a 15-question final exam will be given. The topics included in this course are:

  1. The Nevada Division of Mortgage Lending 

  2. The Operation of Mortgage Companies 

  3. Mortgage Lending and Related Professions 

  4. Unfair Lending Practices 

  5. Final exam 

Total study time: 1 hour (50 minutes)

This course will prepare Nevada licensed qualified employees to:

  • Recognize the importance of a licensee's fiduciary duty to consumers.

  • Identify the regulatory agency who enforces Nevada's mortgage licensing regulations.

  • Review the requirements for obtaining a mortgage company license.

  • Describe the requirements for a mortgage brokerage qualified employee.

  • Identify the retention period for transaction files.

  • Demonstrate the disclosure requirements when working as both a mortgage and a real estate licensee.

  • Review the rules when advertising and promoting mortgage products to consumers.

  • Identify what a covered service is.

  • Summarize who is defined as a foreclosure or loan modification consultant.

  • Review the initial and supplemental disclosure requirements for covered service providers.

  • Describe the record keeping requirements for foreclosure or loan modification consultants.

  • Classify how a person obtains authorization to become a mortgage servicer.

  • Paraphrase a mortgage servicer's fiduciary responsibilities to their clients.

  • Outline the protection given to government employees when experiencing a temporary government shutdown.

  • Outline several prohibited unfair lending practices relating to homeowner insurance, ability to repay, prepayment penalties, and credit insurance.

  • Describe available remedies for borrowers who are holding onto a mortgage loan originated using unfair lending practices.

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.
  • 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.

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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.