NMLS Late CE state elective.
+ $1.50 NMLS Credit Banking Fee
NMLS Course ID: 15566
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: CE Elective
This course is approved for "Late CE" credit only.
This course will cover several fundamental state regulations that Arizona mortgage licensees must be familiar with. Reviewing important laws in Arizona's residential mortgage loan industry will ensure that mortgage professionals are compliant with the state's expectations of behavior.
This AZ MLO license continuing education course will cover three topics. The first module of the course will review the basic experience requirements for mortgage loan originator licensing, mortgage broker licensing, and mortgage banker licensing. The reasons as to why a license can be revoked or rejected will also be explained.
The second module of this course will outline prohibited activities with regard to all three license types. There are some activities that are not permitted for all license categories, but then there are also activities that are specifically restricted based on how the person is licensed. It is important to understand what conduct is allowed and is not allowed.
The third module of this course specifically covers the disciplinary actions that are available to the Deputy Director of the Arizona Department of Insurance and Financial Institutions (DIFI) for detected violations of the mortgage law.
Licensees who do not complete their annual mortgage license training may be placed in a Reinstatement Period and are prohibited from practicing mortgage loan origination activities until their licenses are reactivated and their continuing education requirements have been completed. Licensees have until the end of February to bring their licenses up to date. A penalty Reinstatement Fee may apply when renewing your license. A license will expire if it is not renewed during the Reinstatement Period.
Not every state agency allows for reinstatement of a license. Check the Annual Renewal Information page on the NMLS website to verify if the agency you are licensed under allows for reinstatement, when the last date of reinstatement is, and what the applicable penalty fees may be.
This 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:
Total study time: 1 credit hour (50 minutes)
This course will prepare Arizona DIFI-licensed MLOs to:
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 until midnight on December 31st, 2024
+ $1.50 NMLS Credit Banking Fee
|Vocational Training > Mortgage > Continuing Education > Arizona > CE Elective
|NMLS Late CE state elective
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:
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.