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3 Hour RI SAFE: Rhode Island Mortgage Lending Laws

Rhode Island Pre-License 3 Hours Online Self-Study PE Elective

Mandatory Rhode Island state-specific component for DBR mortgage licensee applicants.

Required course to become a licensed mortgage loan originator in Rhode Island. Online. Self-paced. NMLS-approved. Price match guarantee!
$49.00

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Included Standard:

Online Course Online Audio PDF & EPUB eBook Printable Certificate

Key Features:

Online Course

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

Online Audio

Read-along audio plays the course text back to you.

PDF & EPUB eBook

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

Printable Certificate

Download and print your own certificate.

This course presents Rhode Island law and rule requirements relating to originating mortgage loans securing residential real property located throughout the state of Rhode Island. The purpose of this training is to prepare Rhode Island Mortgage Loan Originator license candidates with the necessary information to ensure fair, ethical, and compliant mortgage loan origination activities.

Package Summary

Price: $49.00 (USD)
+ $4.50 NMLS Credit Banking Fee
Credit Hours: 3
Category: Vocational Training > Mortgage > License Training > Rhode Island > PE Elective
Purpose: Mandatory Rhode Island state-specific component for DBR mortgage licensee applicants
Features: Online Text, Online Audio, PDF eBook, Printable Certificate

Courses Provided By:

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

mail@onlineed.com

NMLS Course Provider ID: 1400327

Enrollment Agreement:

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:

3 Hour RI SAFE: Rhode Island Mortgage Lending Laws

NMLS Course ID: 13914

NMLS Sponsor ID: 1400327

Credit Hours Provided: 3

Category: PE Elective

View Course Syllabus

This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in Rhode Island under the Department of Business Regulations (DBR). This 3-hour course covers state-specific rules and regulations, and is required as part of the 20 hours of prelicensure education needed to become a Rhode Island licensed mortgage loan originator.

Topics and Learning Objectives

This course consists of four modules and a final exam:

  1. The DBR and RI Legal Definitions (30 minutes)

  2. Licensing Requirements (35 minutes)

  3. The Rhode Island Fair Housing Practices Act (35 minutes)

  4. The Rhode Island Home Loan Protection Act (30 minutes)

  5. Final Exam (20 minutes)

Total study time: 3 credit hours (150 minutes)

Module 1:The DBR and RI Legal Definitions

This module will introduce you to the Rhode Island Department of Business Regulation (the DBR), and provide definitions for terms used throughout this section. It will also cover the licensing requirements needed for different entities operating in the State of Rhode Island.

Module 2: Licensing Requirements

With certain exceptions, a license is required in order to act in the capacity of a residential mortgage lender, broker, or loan originator originating residential mortgage loans securing one-to-four-unit residential dwellings located throughout the State of Rhode Island. This module will explain the licensing requirements for entities and individuals.

Module 3: The Rhode Island Fair Housing Practices Act (RIFHPA)

Access to housing is a right afforded to all individuals. When people are denied housing based on prohibited characteristics such as age, gender, race, national origin, familial status, and other similar factors, everyone suffers. The federal Fair Housing Act (FHA) prohibits discrimination, in any capacity, pertaining to housing on the federal level.

On the state level, the Rhode Island Fair Housing Practices Act (RIFHPA) was signed into law in April 2021. One of two key components of this Act amends the existing Rhode Island fair housing laws to protect individuals from discrimination based on the type of lawful income that they receive. The other component prohibits landlords from refusing to rent to individuals because they receive government housing vouchers.

Module 4: The Rhode Island Home Loan Protection Act (RIHLPA)

This module covers the Rhode Island Home Loan Protection Act, Rhode Island General Laws, Title 34 Property, Chapter 34-25.2.

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.

Our Mission Statement

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.