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1 Hour CO SAFE: Colorado Mortgage Regulations

Colorado CE 1 Hour Online Self-Study CE Elective

1-hour Colorado state-specific course for DORA-licensed mortgage loan originators

This 1-hour Colorado NMLS course meets renewal requirements for DORA-licensed mortgage loan originators. Take this MLO course online at OnlineEd.
$19.50
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Included Standard:

Online Course Online Audio Printable Certificate PDF & EPUB eBook

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.

This 1-hour SAFE MLO online course will assist licensed mortgage loan professionals operating throughout the great State of Colorado to understand not only what is expected of them, but the laws that govern their actions while they assist Colorado homeowners or those desiring to finance properties located throughout Colorado.

Please review the Course Syllabus for details about this course.

This NMLS online course satisfies 1 hour of required continuing education for Colorado 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 2020 and meets the SAFE Act's "successive years" rule.

Summary

Price: $19.50 (USD)
+ $1.50 NMLS Credit Banking Fee
Credit Hours: 1
Category: Mortgage > Continuing Education > Colorado > CE Elective
Purpose: 1-hour Colorado state-specific course for DORA-licensed mortgage loan originators
Features: Online Text, Online Audio, Printable Certificate, PDF eBook

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Terms of Service:

Purchase of this package requires that you read and acknowledge a Terms of Service agreement before receiving credit for any courses contained in this package. Please review the following:

1 Hour CO SAFE: Colorado Mortgage Regulations

NMLS Course ID: 11698

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

Mortgage loan originators licensed under the Colorado Department of Regulatory Agencies (DORA) Division of Real Estate are required to take one hour of Colorado regulation education every renewal period to keep their licenses in active status. This course includes the DRE mandated topics for the 2020 mortgage licensee renewal cycle.

This course begins with an overview of recent regulation updates to Colorado Revised Statutes (CRS) such as the new temporary authority license granted by the DRE and the responsibilities for those supervising temporary MLO licensees. The second module will explain Colorado advertisement regulations. The third module is a review of document and recordkeeping requirements for MLO licensees and mortgage companies, and the fourth and last module demonstrates a licensee's expectation of competency.

Topics and Learning Objectives

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:

  1. Temporary Authority and State Specific Requirements (10 minutes)
  2. Advertising and Colorado Specific Requirements (10 minutes)
  3. MLO and Mortgage Company Requirements to Maintain Documents (10 minutes)
  4. Competency (10 minutes)
  5. Final exam (10 minutes)

Total study time: 1 credit hour

This course will prepare Colorado DRE-licensed MLOs to:

  • Understand the Nationwide Multistate Licensing System and Registry policies and procedures required to obtain a Temporary authority.
  • Recognize what a Responsible Mortgage Loan Originator is and what their responsibilities entail.
  • Identify the conditions required to obtain temporary licensure in Colorado, and understand how those conditions correlate to NMLS requirements.
  • Know the occurrences that trigger the expiration of a temporary license.
  • Define “Advertising” under the relevant Colorado laws.
  • Identify the Colorado-specific advertisement disclosure requirements
  • Understand the varieties of advertisements that violate Colorado Real Estate laws
  • Recognize the difference between advertisement and marketing or promotional items.
  • Identify the document retention policies that apply to a Mortgage Loan Originator.
  • Identify the document retention policies that apply to a Mortgage Company.
  • Recognize the Division of Real Estate’s expectation for competent mortgage loan activity.
  • Identify the specific disclosures that need to be given during specific transaction situations.
  • Understand the risks posed by missed deadlines.
  • Recognize proper use of Colorado forms.
  • Identify issues relating to missing signatures or signing documents for others.

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.