2 hour NH SAFE: New Hampshire Mortgage Lending Laws
Required New Hampshire elective for mortgage license with the NHBD.
All learning is online. Start immediately. Learn on your own schedule.
Read-along audio plays the course text back to you.
Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.
Download and print your own certificate.
This course presents New Hampshire law and rule requirements relating to originating mortgage loans securing residential real property located throughout the State of New Hampshire. 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.
+ $3.00 NMLS Credit Banking Fee
|Category:||Vocational Training > Mortgage > License Training > New Hampshire > PE Elective|
|Purpose:||Required New Hampshire elective for mortgage license with the NHBD.|
|Features:||Online Text, Online Audio, PDF eBook, Printable Certificate|
NMLS Course Provider ID: 1400327
Purchase of this package requires that you read and acknowledge an Enrollment Agreement agreement before receiving credit for any courses contained in this package. Please review the following:
NMLS Course ID: 13063
NMLS Sponsor ID: 1400327
Credit Hours Provided: 2
Category: PE Elective
This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in New Hampshire under the New Hampshire Banking Department (NHBD or the Department). This 2-hour course covers New Hampshire specific rules and regulations as mandated by the NHBD, and is required as part of the 20 hours of prelicensure education needed to become a New Hampshire-licensed mortgage loan originator.
This course consists of five modules and a final exam:
Total study time: 2 credit hours
In this module, we'll explain the basics of New Hampshire mortgage lending laws. We'll cover the New Hampshire Banking Department (NHBD), the Commissioner's authority over the industry, what the NMLS is, and how NH law defines a residential mortgage loan.
The professional responsibilities of the mortgage loan originator have a direct, valuable, and immediate impact on New Hampshire's consumers, economy, neighborhoods, and communities as well as the housing and real estate industry. As of 2010, federal statute requires that in order to receive a license, the applicant must:
The intent of these laws is to protect consumers seeking mortgage loans, and to ensure that the mortgage industry can smoothly operate without unfair, deceptive, and fraudulent practices.
In this module, we'll explain the steps necessary to receive authorization in New Hampshire to practice mortgage loan origination activities.
After authorization to practice mortgage loan origination has been granted by the Commissioner, an MLO licensee must renew their license every year. The entire process of license renewal for the New Hampshire mortgage loan originator is completed through the NMLS website. This module will explain a licensee's steps for renewing their MLO license.
Besides license renewal requirements, mortgage loan originators also have their conduct regulated by New Hampshire law. This module will explain the prohibited acts and practices that will jeopardize a licensee's authorization to conduct residential mortgage lending activities.
When a licensee is discovered to be participating in prohibited acts, the New Hampshire Banking Department can take action against the licensee's license. Depending on the infraction, the action may be a fine or possibly a suspension or revocation of the licensee's authorization to conduct mortgage origination business in this state. In this module, we'll outline the actions the NHBD can take against a licensee.
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.