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2 Hour UT-DRE SAFE: Utah Mortgage Regulations

Utah CE 2 Hours Online Self-Study CE Elective

2-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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Online Course Online Audio Printable Certificate PDF & EPUB eBook

Online Course

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Online Audio

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Printable Certificate

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PDF & EPUB eBook

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 two-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 2020 license renewal through the NMLS.

Please review the Course Syllabus for details about this course.

This course satisfies 2 hours 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 2020 and meets the SAFE Act's successive years rule.

Summary

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

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

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 UT-DRE SAFE: Utah Mortgage Regulations

NMLS Course ID: 11994

NMLS Sponsor ID: 1400327

Credit Hours Provided: 2

Category: CE Elective

View Course Syllabus

​​​​​​​The Utah Division of Real Estate (DRE) require those who hold a Utah mortgage license to completed a two-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 2020 license renewal through the NMLS.

This two-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 by the passing of Senate Bill 140 in 2019. Next, we'll explain the new education requirements for licensees who must apply for reinstament because they did not renew their licenses before the annual deadline. Module 3 will cover topics outlined by the Commission such as affirmative and prohibited duties, handling referral fees, and detecting deepfakes and wire fraud. Finally, we'll review cases of licensee violations that resulted in orders or fines by the DRE.

Topics and Learning Objectives

This course consists of four modules and a final exam:

  1. Updates to the Utah Residential Mortgage Practices and Licensing Act (15 minutes)
  2. Mortgage Administrative Rule Changes – Effective 2019 (5 minutes)
  3. Mortgage Commission Suggested Topics (20 minutes)
  4. Mortgage Licensing and Disciplinary Action Case Studies (50 minutes)
  5. Final exam (10 minutes)

Total study time: 2 credit hours

This course will prepare Utah DRE-licensed MLOs to:

  • Identify changes made by Utah Senate Bill 140.
  • Explain the requirements for temporary authorization to act as a mortgage loan originator.
  • Recognize the time limits for temporary authorization.
  • Recognize the new requirement that reinstatement applicants must complete the mandatory 5-hour continuing education course.
  • describe the difference between the allowed and not allowed activities when licensed or not licensed.
  • recognize prohibited conduct relating to kickbacks and unearned fees.
  • recognize how to detect and what to look for regarding security issues and scams.
  • Identify various prohibited acts based on real-life scenario case studies prosecuted by the Division.

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.