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1 Hour UT-DRE SAFE: Utah Mortgage Continuing Education

Utah CE 1 Hour Online Self-Study CE Elective

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

This course meets the Utah Division of Real Estate state-specific requirement for MLO annual license renewal through the NMLS.
$29.50

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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.

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The Utah Division of Real Estate (DRE) require those who hold a Utah mortgage license to compete a one-hour course on Utah mortgage laws and regulations as a requirement for annual license renewal. This online course covers the required topics as defined by the DRE for license renewal through the NMLS. For calendar year 2023, the DRE reduced the number of Utah-specific continuing education requirements from 2 hours to 1 hour.

Please review the Course Syllabus for details about this course.

This course satisfies 1 hour of required continuing education for Utah 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: $29.50 (USD)
+ $3.00 NMLS Credit Banking Fee
Credit Hours: 1
Category: Vocational Training > Mortgage > Continuing Education > Utah > CE Elective
Purpose: 1-hour Utah 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 UT-DRE SAFE: Utah Mortgage Continuing Education

NMLS Course ID: 14832

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

​​​​​​​imageThe Utah Division of Real Estate (DRE) require those who hold a Utah mortgage license to complete a one-hour course on Utah mortgage laws and regulations as a requirement for annual license renewal. This online course covers the required topics as defined by the DRE for 2023 license renewal through the NMLS.

This one-hour course will cover the topics outlined by the DRE. We'll start with updates to the Utah Residential Mortgage Practices and Licensing Act that were added in 2022. Next, we'll cover several topics recommended by the Division. Finally, we'll review cases of licensee violations that resulted in orders or fines by the DRE.

(Note that last year the course was two hours long. This year, the DRE required the course to be one-hour long.)

Topics and Learning Objectives

This course consists of three modules and a final exam:

  1. RMPLA Rule Changes Made During 2022 Legislative Session (5 minutes)

  2. Mortgage Commission Suggested Topics (20 minutes)

  3. Mortgage Licensing and Disciplinary Actions Taken in 2022 (25 minutes)

  4. Final exam (10 minutes)

Total study time: 1 clock hour

Module 1: RMPLA Rule Changes Made During 2022 Legislative Session

This module will summarize the changes to the Utah Residential Mortgage Practices and Licensing Act that were made during the 2022 Utah Legislative Session as described through Utah House Bill 69.

After completing this module, you will be able to:

  • Explain why the Utah Department of Real Estate (DRE) may only collect the application fee in processing a license application

  • Describe why the phrase "good moral character" was eliminated from the Utah Code

  • Identify the new rules relating to reapplying for a license after one's license was revoked

Module 2: Mortgage Commission Suggested Topics

This module will review various topics and matters deemed vital for proper residential mortgage loan origination by the Utah Division of Real Estate (DRE).

After completing this module, you will be able to:

  • Explain post-dating documents, and why this practice is prohibited

  • Describe the essential characteristics of hard-money lending

  • Differentiate between various Utah licensing roles, like mortgage loan processors and lending managers

  • Identify who must be licensed in the Utah mortgage business

Module 3: Mortgage Licensing and Disciplinary Actions Taken in 2022

All Utah licensees are expected to comply with and adhere to every established rule and procedure. Failure to do so can and will result in sanctions that include but are not limited to fines, license suspension, license revocation, and, in particularly egregious circumstances, criminal prosecution. Although the Utah DRE lacks the authority to effectuate criminal actions, it can (and frequently does) refer matters to the Utah State Attorney General’s office for criminal prosecution.

Educating licensees about compliance is, of course, crucial. Describing disciplinary actions incurred by licensees and others who failed to act compliantly reinforces and promotes appropriate behavior by deterring others from replicating those transgressions and incurring similar consequences.

Before delving into specific case examples of Utah licensee disciplinary actions, it’s important to clarify that the extent of any sanctions imposed is typically based on whether the criminal or non-compliant conduct was self-reported by the licensee, discovered through a criminal background check, or discovered through an independent audit or investigation.

After completing this module, you will be able to:

  • Describe various real-world examples of illegal mortgage lending activity

  • Understand how Utah laws apply to real-life situations in the lending industry

  • Determine the legality of various activities involved in mortgage lending activity

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:

https://mortgage.nationwidelicensingsystem.org/licensees/resources/LicenseeResources/Create-an-Individual-Account-Quick-Guide.pdf

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.