Buyer Rep
Find this page again at:
https://www.onlineed.com/catalog/1805/Late-CE-1-Hour-MO-SAFE-Missouri-Mortgage-Continuing-Education-14956

Late CE 1 Hour MO SAFE: Missouri Mortgage Continuing Education (14956)

NMLS Late CE state elective.

Late CE 1-hour NMLS continuing education state-specific elective for Missouri mortgage loan originators who did not complete education requirements during the previous year.

$29.50  |  1 Hour

+ $1.50 NMLS Credit Banking Fee

Add to Cart

product image

Late CE 1 Hour MO SAFE: Missouri Mortgage Continuing Education (14956)

NMLS Course ID: 15576

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

​​​​​​​This course is approved for "Late CE" credit only.

This course will cover several fundamental state regulations that Missouri mortgage loan originators must be familiar with. Being familiar with important laws in Missouri's residential mortgage loan industry will ensure that mortgage loan originators are compliant with the state's expectations of MLO behavior.

In the first module we are going to discuss Missouri law and rule requirements relating to operating a mortgage business in Missouri. The laws relating to how a mortgage loan originator is to operate and conduct their business affairs are based upon both statutory and administrative rules.

In the second module we are going to address Missouri specific issues relating to second/junior mortgages and reverse mortgages. The law relating to mortgages is generally similar throughout the United States in terms of general concepts. However, many states have enacted laws that address specific details that add specific state procedures and requirements. Missouri is no exception to enacting these laws that modify and add to the general mortgage law concepts.

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.

Topics and Learning Objectives

This loan originator continuing education course consists of two modules and a 15-question final exam:

  1. The Basis of Missouri Law (30 minutes)
  2. Missouri-Specific Laws Impacting Mortgage Practice (10 minutes)
  3. Final exam (10 minutes)

Total study time: 1 credit hour

This course will prepare Missouri licensees to:

  • Identify the required conduct for licensees relating to office operation and reporting requirements.
  • List and discuss examples of prohibited conduct.
  • Discuss licensee advertising requirements and prohibitions.
  • Explain the required disclosures relating to the transfer of servicing and fee agreements.
  • Explain a licensee’s obligations regarding escrow accounts and advance fees.
  • List the permitted items a lender making a second mortgage may charge.
  • Discuss the rules relating to reverse mortgages in the context of Missouri law.

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 until midnight on December 31st, 2024

Learn More

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 phone, tablet, or Kindle.
Printable Certificate
Download and print your own certificate.
Images & Screenshots
Package Summary
Price: $29.50 (USD)
+ $1.50 NMLS Credit Banking Fee
Credit Hours: 1
State: Missouri
Category: Vocational Training > Mortgage > Continuing Education > Missouri > CE Elective
Purpose: NMLS Late CE state elective
Course Provider

OnlineEd
14355 SW ALLEN BLVD STE 240,
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 before receiving credit for any courses contained in this package. Please review the following:

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.

Add to Cart