2 Hour NE SAFE: Nebraska Mortgage Lending Laws
Mandatory Nebraska state-specific component for NDBF mortgage licensee applicants.
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Read-along audio plays the course text back to you.
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Download and print your own certificate.
This course presents Nebraska law and rule requirements relating to originating mortgage loans securing residential real property located throughout the State of Nebraska. The purpose of this training is to prepare Nebraska 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 > Nebraska > PE Elective|
|Purpose:||Mandatory Nebraska state-specific component for NDBF mortgage licensee applicants|
|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 before receiving credit for any courses contained in this package. Please review the following:
NMLS Course ID: 15006
NMLS Sponsor ID: 1400327
Credit Hours Provided: 2
Category: PE Elective
This course contains the state-specific information you need to earn a mortgage loan originator's license in Nebraska. The outline and contents of this course are defined by the Nebraska Department of Banking and Finance (NDBF or the Department), which oversees the Nebraska mortgage loan originator statutes located in the Nebraska Residential Mortgage Licensing Act (NRMLA).
This course consists of five sections and a final exam:
Total study time: 2 credit hours (100 minutes)
This module will cover basic legal terminology and the distinctions between state and federal lays.
In this module, we will define what a Mortgage Loan Originator (MLO) is, what they do, and the kinds of responsibilities they have. This includes the different kinds of contracts involved, restrictions on activities, and various relationships. We will also take a look at how being a mortgage loan originator differs from being a mortgage banker.
In this module, we will cover the steps to getting your mortgage loan originator license. This includes pre-license education requirements, testing, and what you need to do maintain your license after you receive it.
In this module, we will be covering the topics associated with keeping a Nebraska mortgage loan originator license once it has been issued. This will include holding a surety bond, taking continuing education, and switching a license between active and inactive status.
In this module, we will look at potential penalties and fines for misconduct. You will learn how a mortgage loan originator license may be suspended or revoked, emergency orders that can occur, and what powers the Director has to enforce the law.
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.