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2 Hour NJ SAFE: New Jersey Mortgage Regulations

New Jersey CE 2 Hours Online Self-Study CE Elective

2 hour state-specific online continuing education course for New Jersey mortgage loan originators.

This 2021 course meets the Department of Banking and Insurance state-specific requirement for MLO annual license renewal.

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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 continuing education course covers New Jersey laws and regulations to satisfy the two-hour continuing education requirement defined by the New Jersey Department of Banking and Insurance (DOBI) needed to maintain a New Jersey Mortgage Loan Originator license.

Please review the Course Syllabus for details about this course.

This course satisfies 2 hours of required continuing education for New Jersey 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 2021 and meets the SAFE Act's successive years rule.

Package Summary

Price: $29.50 (USD)
+ $3.00 NMLS Credit Banking Fee
Credit Hours: 2
Category: Mortgage > Continuing Education > New Jersey > CE Elective
Purpose: 2 hour state-specific online continuing education course for New Jersey mortgage loan originators.
Features: Online Text, Online Audio, Printable Certificate, PDF eBook

Courses Provided By:

7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278

NMLS Course Provider ID: 1400327

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:

2 Hour NJ SAFE: New Jersey Mortgage Regulations

NMLS Course ID: 12850

NMLS Sponsor ID: 1400327

Credit Hours Provided: 2

Category: CE Elective

View Course Syllabus

The New Jersey Department of Banking and Insurance (DOBI) requires New Jersey mortgage licensees to complete a total of 12 continuing education hours each year: 3 hours of federal law, 2 hours of ethics, 2 hours of non-traditional mortgages, 3 hours of general elective, and 2 hours of New Jersey specific education. This two-hour online course meets the New Jersey state-specific mortgage licensee continuing education requirements for annual license renewal.

This course covers the New Jersey Residential Mortgage Lending Act, the laws that define mortgage licensing, conducts, and restrictions in this state. The first module of this course is an overview of the state department tasked with overseeing mortgage regulations, the Department of Banking and Insurance. The second module will review mortgage licensing requirements, and the third module covers the authority of the Commissioner of DOBI, various prohibited acts that licensees cannot do when working with consumers, and specific restrictions when dealing with junior liens and secondary mortgages.

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. Module 1: Overview of the Department of Banking and Insurance (10 minutes)
  2. Module 2: The New Jersey Residential Mortgage Lending Act (45 minutes)
  3. Module 3: NJRMLA Restrictions and Regulations (35 minutes)
  4. Final exam (10 minutes)

Total study time: 2 credit hours

This course will prepare New Jersey DOBI-licensed MLOs to:

  • Describe the mission of DOBI and recognize the individuals who oversee the Department.
  • Review various terms as defined in the Residential Mortgage Lending Act.
  • Describe the licensing requirements for New Jersey lenders, brokers, and MLOs.
  • Identify the authority of the DOBI Commissioner.
  • Memorize the recordkeeping periods and the Commissioner's examination authority
  • Define the rules relating to including credit and hazard insurance into a loan
  • Recognize licensee conduct prohibited by the NJRMLA.
  • Explain the requirements for originating second lien (secondary) mortgages.

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.