Find this page again at:
https://www.onlineed.com/catalog/403/1-Hour-PA-SAFE-Pennsylvania-Mortgage-Continuing-Education

1 Hour PA SAFE: Pennsylvania Mortgage Continuing Education

Pennsylvania CE 1 Hour Online Self-Study CE Elective

1-hour Pennsylvania state-specific course for licensed mortgage loan originators.

This Pennsylvania NMLS course meets the DoBS state-specific requirement for MLO annual license renewal.
$19.50

product image
product image
product image
product image
Add To Cart

Included Standard:

Online Course Online Audio Printable Certificate PDF & EPUB eBook

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.

Printable Certificate

Download and print your own certificate.

PDF & EPUB eBook

Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.

graphic

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.

Package Summary

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

Courses Provided By:

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:

1 Hour PA SAFE: Pennsylvania Mortgage Continuing Education

NMLS Course ID: 14990

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

graphicThis 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.

Topics and Learning Objectives

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:

  1. The Mortgage Licensing Act
  2. Statements of Policy
  3. High-Cost Loans: The Consumer Equity Protection Act
  4. The Housing Finance Agency Law
  5. The Usury Law
  6. Final Exam 

Total study time: 1 credit hour (50 minutes)

This course will prepare Pennsylvania MLOs to:

  • Understand the authority granted to the Department.
  • Recognize common definitions used in the Act and by the Department.
  • Know who does and who does not need to be licensed, and the penalties for practicing loan origination activities without a required license.
  • Recognize the guidelines issued by the Department to prevent dishonesty, fraud, and negligence when working with applicants for mortgage loans.
  • List the prohibited practices when working to modify a consumer's existing residential mortgage loan
  • Understand what a covered loan is and its requirements under the Consumer Equity Protection Act
  • Identify the Pennsylvania Housing Finance Agency's programs for helping distressed homeowners
  • Outline the state's usury laws and its restrictions on mortgage loan interest rates

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 for 365 days after enrollment.

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.