1 Hour KY SAFE: Kentucky Mortgage Regulations
1 hour state-specific online continuing education course for Kentucky mortgage loan originators.
All learning is online. Start immediately. Learn on your own schedule.
Read-along audio plays the course text back to you.
Download and print your own certificate.
Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.
This course is designed to fulfill the requirements for continuing education set forth by the SAFE Act and the Commonwealth of Kentucky. In this course we will spend a short time reviewing the structure of the Kentucky Department of Financial Institutions (DFI), go over important definitions of terms, review Kentucky's license and law regulations, go in-depth into compliance issues specific to Kentucky law including a case study based on real-world enforcement actions, and finish with a sample of disciplinary actions.
Please review the Course Syllabus for details about this course.
This course satisfies 1 hour of required continuing education for Kentucky 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.
+ $1.50 NMLS Credit Banking Fee
|Category:||Mortgage > Continuing Education > Kentucky > CE Elective|
|Purpose:||1 hour state-specific online continuing education course for Kentucky mortgage loan originators.|
|Features:||Online Text, Online Audio, Printable Certificate, PDF eBook|
NMLS Course Provider ID: 1400327
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:
NMLS Course ID: 12975
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: CE Elective
The Commissioner of the Kentucky Department of Financial Institutions (DFI) requires mortgage licensees in this state to take a one-hour course on Kentucky mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers Kentucky mortgage topics for licensee continuing education.
The first module of this course outlines the branches within the DFI and reviews several definitions outlined in Kentucky Revised Statute (KRS) chapter 286, the regulation that defines mortgage lending services in this state. We'll review initial licensing requirements and the steps needed to maintain the authorized license.
The second module explains compliance requirements and disciplinary actions available to the commissioner. We'll outline prohibited conduct that licensees should avoid as well as explain conduct that are expected during the lending process. This course will also define the limitations on fees and the state usury regulations, actions that might result in license suspension, and the commissioner's available penalties that can be ordered against guilty licensees.
This course consists of two modules and a final exam:
Total study time: 1 credit hour
This course will prepare Kentucky-licensed 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:
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.