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Late CE 8 Hours of 2023 Nevada CE for Mortgage Company Qualified Employees

Late CE 8-hour package for NV QE designees. Includes the Division 1-hour state specific requirement.

Late CE 8-hour NMLS continuing education bundle for Nevada qualified employee (QE) mortgage loan originators that did not renew a license during the previous year.

$80.50  |  8 Hours

+ $12.00 NMLS Credit Banking Fee

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Approved for Late CE only.

Mortgage company Qualified Employees are required to complete 8 hours of continuing education, including a 1-hour Nevada specific education as long as they hold that position. This package of courses includes the required continuing education necessary to renew a qualified employee designation in Nevada. The Nevada Division of Mortgage Lending requires QE designees to take a total of 8 hours of continuing education each year: 7 hours in SAFE Act required topics, and 1 hour in NV-specific laws and regulations.

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Key Features
Online Course
All learning is online. Start immediately. Learn on your own schedule.
Includes Video
Video segments highlight important points.
Printable Certificate
Download and print your own certificate.
PDF & EPUB eBook
Includes PDF/EPUB eBook of all reading material for your phone, tablet, or Kindle.
NV QE Elective
Includes state-specific elective course for Qualified Employees
Read-Along Audio MP3 Add +$5.00
Have a narrator read the entire course to you as you make progress. You can also download the entire course in MP3 audio format. (National portion only)
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Package Summary
Price: $80.50 (USD)
+ $12.00 NMLS Credit Banking Fee
Credit Hours: 8
State: Nevada
Category: Vocational Training > Mortgage > Continuing Education > Nevada
Purpose: Late CE 8-hour package for NV QE designees. Includes the Division 1-hour state specific requirement.
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.

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Courses Included In This Package:

Late CE 7 Hour SAFE Core: 2023 Originator Fundamentals (14961)

NMLS Course ID: 15563

NMLS Sponsor ID: 1400327

Credit Hours Provided: 7

Category: CE Core

View Course Syllabus

​​​​​​​This license reactivation course will instruct mortgage loan originators on a number of regulations that they will have to comply with while taking part in their mortgage loan origination activities. Rules, such as those implemented by the Dodd-Frank Wall Street Reform and Consumer Protection Act, are set in place to protect the interest and well-being of consumers who apply for mortgages to purchase or refinance their properties. To ensure that their business practices satisfy the regulations adopted by federal laws, mortgage loan originators need to keep current on the guidelines published by entities such as the Consumer Financial Protection Bureau (CFPB).

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 course consists of three sections and a final exam

  1. Top 10 Federal Topics for 2023

  2. Ethical Treatment of Consumers

  3. The VA Home Loan Program

  4. Final exam

Total study time: 7 credit hours (5 hours, 30 minutes)

Module 1: Top 10 Federal Topics for 2023

Study Time: 3 clock hours (150 minutes of federal law)

Fair lending along with compliance to the law, established rules, and implemented regulations is everyone’s responsibility. When compliance failures occur, everyone, including the customer, loses.

The topics outlined in this module are mandated by the NMLS and state regulators, covering the more egregious regulatory compliance failures recently discovered through various regulatory examinations, investigations, and audits.

Module 2: Ethical Treatment of Consumers

Study Time: 2 clock hours (100 minutes of ethics, fraud, and consumer protection)

The ethical treatment of consumers and ethical practices in mortgage lending are a high focus of regulators and consumer advocacy groups. This module will cover ethics, including identity theft prevention, fraud prevention, and consumer protection requirements.

Module 3: The VA Home Loan Program

Study Time: 2 clock hours (100 minutes of non-traditional mortgage)

The objective of the Veterans Administration (VA) mortgage loan program is to provide long-term financing to eligible American military veterans and their surviving spouses, helping veterans purchase properties with no down payment. The program allows eligible veterans to buy, build, repair, retain, or adapt a home for personal occupancy as well as refinance an existing mortgage loan.

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

Late CE 1 Hour NV SAFE: Nevada Qualified Employee Mortgage Continuing Education (14953)

NMLS Course ID: 15577

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

View Course Syllabus

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

The Nevada Division of Mortgage Lending (the Division) requires mortgage company and mortgage servicer qualified employees to take a 1-hour course covering Division-defined mortgage regulation topics as part of the QE's annual continuing education requirement. This course covers topics relating to Nevada qualified employees.

Each licensed mortgage company must have a qualified employee at each location licensed with the Nevada Division of Mortgage Lending. (NRS 645B.021; NAC 645B.030)

A qualified employee is a natural person who is designated by a mortgage company to act on behalf of the mortgage company and who is approved by the Commissioner. (NAC 645B.008

The first module of this course is an introduction and an overview of the Division. The second module is an outline of the additional requirements for mortgage companies located in Nevada Administrative Code (NAC) 645B and Nevada Revised Statutes (NRS) 645B such as responsibilities, record keeping requirements, and advertisement restrictions. The third module examines other covered services supervised by the Division, such as foreclosure consultants, loan modification consultants, and mortgage servicers. The fourth and last module categories a variety of unfair mortgage lending practices that are prohibited as codified in NRS 598D.

Topics and Learning Objectives

This Nevada QE online continuing education 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:

  1. The Nevada Division of Mortgage Lending

  2. The Operation of Mortgage Companies

  3. Mortgage Lending and Related Professions

  4. Unfair Lending Practices

  5. Final exam

Total study time: 1 hour (50 minutes)

This course will prepare Nevada licensed qualified employees to:

  • Recognize the importance of a licensee's fiduciary duty to consumers.

  • Identify the regulatory agency who enforces Nevada's mortgage licensing regulations.

  • Review the requirements for obtaining a mortgage company license.

  • Describe the requirements for a mortgage brokerage qualified employee.

  • Identify the retention period for transaction files.

  • Demonstrate the disclosure requirements when working as both a mortgage and a real estate licensee.

  • Review the rules when advertising and promoting mortgage products to consumers.

  • Identify what a covered service is.

  • Summarize who is defined as a foreclosure or loan modification consultant.

  • Review the initial and supplemental disclosure requirements for covered service providers.

  • Describe the record keeping requirements for foreclosure or loan modification consultants.

  • Classify how a person obtains authorization to become a mortgage servicer.

  • Paraphrase a mortgage servicer's fiduciary responsibilities to their clients.

  • Outline the protection given to government employees when experiencing a temporary government shutdown.

  • Outline several prohibited unfair lending practices relating to homeowner insurance, ability to repay, prepayment penalties, and credit insurance.

  • Describe available remedies for borrowers who are holding onto a mortgage loan originated using unfair lending practices.

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

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