1 Hour UT-DRE SAFE: Utah Mortgage Continuing Education
1-hour Utah state-specific course for licensed mortgage loan originators.
Utah CE 1 Hour Online Self-Study CE Elective
1-hour Utah state-specific course for licensed 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.
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.
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 |
OnlineEd
14355 SW ALLEN BLVD STE 240,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com
NMLS Course Provider ID: 1400327
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:
NMLS Course ID: 14832
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: CE Elective
The 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.)
This course consists of three modules and a final exam:
RMPLA Rule Changes Made During 2022 Legislative Session (5 minutes)
Mortgage Commission Suggested Topics (20 minutes)
Mortgage Licensing and Disciplinary Actions Taken in 2022 (25 minutes)
Final exam (10 minutes)
Total study time: 1 clock hour
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
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
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
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.
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.
The OnlineEd logo and stylized "O" logo are marks of OnlineEd, LLC. All content owned by OnlineEd, LLC. unless otherwise noted. Other logos are trademarks of their respective organizations. OnlineEd meets all state guidelines for pre-license and continuing education courses where offered.