1-hour Georgia state-specific course for DBF-licensed mortgage loan originators.
+ $1.50 NMLS Credit Banking Fee
NMLS Course ID: 14919
NMLS Sponsor ID: 1400327
GREC School ID: 7580
Credit Hours Provided: 1
Category: CE Elective
The Georgia Department of Banking and Finance (DBF) requires mortgage licensees in this state to take a one-hour course on Georgia mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers three Georgia mortgage topics for licensee continuing education.
The first module of this course is an overview of the Department of Banking and Finance. Students will learn the values of the DBF and how the department is structured.
The second module of the course examines various rules outlined in Official Code of Georgia Annotated (OCGA) §7-1-1000 to §7-1-1019. These regulations cover mortgage licensing, prohibited conduct, and the authority of the DBF.
The third and last module identifies other mortgage lending laws defined in Georgia Rules and Regulations (R&R) § 80-11-1. We'll cover disclosures, advertisement regulations, and main/branch offices.
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:
Total study time: 1 credit hour (50 minutes)
This course will prepare Georgia-licensed MLOs to:
Describe the core values of the Department of Banking and Finance (DBF)
Identify the entities that are regulated by the DBF
Paraphrase definitions as outlined by OCGA §7-1-1000
Describe the entities and individuals who are exempt from mortgage licensing
Outline the information and disclosures required on a license application
Recognize the surety bond and record keeping requirements for brokers and lenders
Identify prohibited actions defined in Title 7 Chapter 1
Define the DBF's powers to suspend or revoke a mortgage license
Define the compliance requirements when delivering loan disclosure documents
Outline the guidelines for advertising loan terms to Georgia consumers
Review the DBF requirements for main offices and branch offices
Identify the role of a branch manager in the office
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:
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.
+ $1.50 NMLS Credit Banking Fee
|Category:||Vocational Training > Mortgage > Continuing Education > Georgia > CE Elective|
|Purpose:||1-hour Georgia state-specific course for DBF-licensed mortgage loan originators|
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