NMLS Late CE state elective.
+ $1.50 NMLS Credit Banking Fee
NMLS Course ID: 15569
NMLS Sponsor ID: 1400327
GREC School ID: 7580
Credit Hours Provided: 1
Category: CE Elective
This course is approved for "Late CE" credit only.
The Georgia Department of Banking and Finance (DBF) requires mortgage licensees in this state to take a one-hour course on Georgia mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers three Georgia mortgage topics for licensee continuing education.
The first module of this course is an overview of the Department of Banking and Finance. Students will learn the values of the DBF and how the department is structured.
The second module of the course examines various rules outlined in Official Code of Georgia Annotated (OCGA) §7-1-1000 to §7-1-1019. These regulations cover mortgage licensing, prohibited conduct, and the authority of the DBF.
The third and last module identifies other mortgage lending laws defined in Georgia Rules and Regulations (R&R) § 80-11-1. We'll cover disclosures, advertisement regulations, and main/branch offices.
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 Georgia-licensed MLOs to:
Describe the core values of the Department of Banking and Finance (DBF)
Identify the entities that are regulated by the DBF
Paraphrase definitions as outlined by OCGA §7-1-1000
Describe the entities and individuals who are exempt from mortgage licensing
Outline the information and disclosures required on a license application
Recognize the surety bond and record keeping requirements for brokers and lenders
Identify prohibited actions defined in Title 7 Chapter 1
Define the DBF's powers to suspend or revoke a mortgage license
Define the compliance requirements when delivering loan disclosure documents
Outline the guidelines for advertising loan terms to Georgia consumers
Review the DBF requirements for main offices and branch offices
Identify the role of a branch manager in the office
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 > Georgia > 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.