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A number of Pennsylvania laws govern certain aspects of the mortgage loan business. This course will review the Mortgage Licensing Act, the Housing Finance Agency Law, the Consumer Equity Protection Act, and the Loan Interest and Protection Law (known as the Usury Law), plus statements of policy regarding the first loan mortgage business, refinancing, and reverse mortgages.
Please review the Course Syllabus for details about this course.
This course satisfies 1 hour of required continuing education for Pennsylvania licensed mortgage loan originators. This course is approved by the NMLS. A valid NMLS ID number is required to receive credit for this course. Certain states may have additional requirements beyond what this course provides. Be sure to check with your state to see if this course meets your needs.
This course is new for 2023 and meets the SAFE Act's "successive years" rule.
| Price: |
$19.50 (USD)
+ $1.50 NMLS Credit Banking Fee |
|---|---|
| Credit Hours: | 1 |
| Category: | Vocational Training > Mortgage > Continuing Education > Pennsylvania > CE Elective |
| Purpose: | 1-hour Pennsylvania state-specific course for licensed mortgage loan originators |
| Features: | Online Text, Online Audio, Printable Certificate, PDF eBook |
OnlineEd
14355 SW ALLEN BLVD STE 240,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com
NMLS Course Provider ID: 1400327
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:
NMLS Course ID: 14990
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: CE Elective
This course will cover several fundamental state regulations that Pennsylvania mortgage loan originators must be familiar with. A number of Pennsylvania laws govern certain aspects of the mortgage loan business, including the Mortgage Licensing Act, the Housing Finance Agency Law, the Consumer Equity Protection Act, and the Loan Interest and Protection Law (known as the “Usury Law”).
This course will also cover the Department of Banking and Securities' statements of policy regarding the first loan mortgage business, mortgage loan modifications, and reverse mortgages. It will also review the Pennsylvania Housing Finance Agency's emergency home loan program for borrowers who may need temporary help with delinquent mortgage loans.
This course is broken down into several learning topics with a quiz at the end of each learning segment. 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 Pennsylvania 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:
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.
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.
