2 Hour TN SAFE: Tennessee Mortgage Lending Laws

• Course Provider:
  OnlineEd, LLC.
  14355 SW Allen Blvd., Suite 240
  Portland, OR 97005
  1-866-519-9597
  mail@onlineed.com
  https://www.onlineed.com
• NMLS Course Provider ID: 1400327
• Course Approval Date: October 16, 2023
• Date of Course Content: October 8, 2026
• Approved NMLS Course ID: 15401

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

Topics and Learning Objectives

This course consists of five sections and a final exam:

1. The Laws that Govern an MLO (20 minutes)

2. Initial Licensure for the Tennessee MLO (20 minutes)

3. Annual License Renewal (13 minutes)

4. Professional Behavior (25 minutes)

5. Disciplinary Action for Wrongful Behavior (12 minutes)

6. Final Exam (10 minutes)

Total study time: 2 credit hour (100 minutes)

Module 1: The Laws that Govern an MLO

In this introductory unit, we'll describe the agencies involved in mortgage loan originator licensing in our state. We'll also go over important definitions and explain how a license applicant can request information be updated in the licensing registry.

Module 2: Initial Licensure for the Tennessee MLO

In this module we'll outline the steps for submitting an application for a Tennessee mortgage loan originator license. You'll also learn about the qualifications you need to meet in order to be qualified for licensure.

Module 3: Annual License Renewal

After you become licenses, you must actively maintain that authority with the TDFI. This chapter will outline how you can renew your license and what happens to your license status when you fail to do so before the annual deadline.

Module 4: Professional Behavior

While working as a licensed MLO, there are activities defined in Tennessee law that could jeopardize your license. This module will outline conduct that could result in an administrative action against your license. We'll also cover consumer protections put in place for applicants of high-cost home loans (HCHLs), a riskier loan product that can be abused by unethical licensees.

Module 5: Disciplinary Action for Wrongful Behavior

The Commissioner of TDFI has the power to enforce Tennessee mortgage lending regulations, including taking actions against licensees who fail to comply with the law. This chapter will outline the Commissioner's authority and the actions that can be taken against a licensee's license.

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

Technical Requirements

Students only need a computer with a functioning and accessible internet connection. This course works on all modern browsers including Microsoft Edge, Google Chrome, Mozilla Firefox, Apple Safari, and Opera. Students are responsible for internet access service charges.

Completion Requirements

This is an online mastery-based course. Students must complete all reading assignments, media activities, and pass incremental assessments to make progress. Students will be tested throughout each section to determine if they are meeting the objectives.

Completion of the course requires passing a final examination of 25 multiple choice questions with a minimum score of 70%. Students that fail a final exam may retake the final exam as many times as needed to pass. The course is expected to take approximately 2 clock hour to complete.

Course Activities

The course contains segments that include reading, short questions, quizzes, and a final exam. Students are expected to interact and complete all activities to make course progress.

Students will be provided with the course content online. Students will be tested at the end of each section to determine if they are meeting the objectives and developing a working knowledge that will help them to successfully use what they are learning.

Testing and Completion Expectations

Online, timed, and active participation is required to apply the learned material to case study material. Students will be tested periodically through the course to verify they understand the course material. Assessments are graded automatically upon student submission.

A final exam is given at the end of the two-hour course. The final exam consists of 25 questions in multiple choice format. The student must score 70% or above. Course credit will not be issued until the final exam has been successfully passed. Final exams may be retaken without limit if failed.

Issuance of Credit

After successfully passing the final exam, OnlineEd will notify the Nationwide Multistate Licensing System (NMLS) that the prelicensure education has been completed by the student. It is OnlineEd policy to have credit uploaded to the NMLS by the end of the following business day.

The student will have a printable course completion certificate available after passing the course final exam. The certificate is for the student's personal records and is not confirmation that the NMLS has received the notification that the student has completed the course final exam.

Policies on Cheating and Misrepresentation

Misrepresentation of personal identity is strictly forbidden for all OnlineEd courses. Falsifying personal information, forgery, and misrepresentation may result in immediate suspension. Additional actions by state and federal agencies may include loss or suspension of a license, failure to grant a license, fees, or criminal prosecution.

Cheating on courses that supply completion certificates, designations, or official credit is not tolerated. OnlineEd is not obligated to continue to furnish credit or continued support for students caught cheating on any part of the coursework or testing.

Breaks

Students are free to stop for a break at any time during the course for any length of time. Progress in the course is saved automatically. Breaks and periods of inactivity will not count towards the required seat time. Students will automatically be logged out after 6 minutes of inactivity and the inactive time will not count towards seat time.

Availability

This online course is available all day, every day after enrollment unless there is scheduled system maintenance. Courses are made available to students immediately upon purchase. Technical support is available during normal office hours of 8:00 am to 5:00 pm Pacific Time on Monday through Friday, excluding holidays. Online access to this course is available for 365 days from the enrollment date unless stated otherwise.

If this course is not completed within the given amount of time, a reinstatement fee may be charged. Course content will continue to be available to students after course completion.

Instructor Support

NMLS policy states that online self-study courses (OSS) do not include instructor support. Technical support questions should be directed to OnlineEd.

Refund Policy

All tuition and fees paid for the course are refundable when: (a) the course of instruction is discontinued by OnlineEd and such discontinuation has prevented a student from completing the course; or (b) the enrollment of the student was procured as a result of any misrepresentation in promotion materials of the school, or representation made by an owner or employee of the school. All refunds will be completed within 30 days after the effective date of enrollment termination. Refunds will not be given to any student after the student has successfully registered in a course or courses, as once registered, student has access to the registered courses. In hardship cases, OnlineEd may issue a refund at its sole discretion. OnlineEd does not issue retroactive partial refunds for courses that are subsequently discounted or put on sale after a student makes a purchase.

Non-Discrimination Policy

OnlineEd does not discriminate for admission on the basis of race, color, religion, sex, sexual orientation, national origin, marital status, age, or disability.

Rules of Conduct for Students

The NMLS requires that all persons taking continuing education courses read and agree to the Rules of Conduct for Students:

• Rules of Conduct for NMLS Approved Pre-Licensure (PE) and Continuing Education (CE) Courses | NMLS