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8 Hours of 2021 Hawaii MLO Continuing Education

Hawaii CE 8 Hours Online Self-Study Bundle

Complete 8-hour package for Hawaii MLO licensees. Includes the 1-hour DFI state specific requirement.

Complete these Hawaii loan originator continuing education courses to renew your MLO license before the December 31, 2021 deadline.
$50.50

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Included Standard:

Online Course Includes Video Printable Certificate PDF & EPUB eBook

Optional Add-Ons:

Read-Along Audio MP3

Online Course

All learning is online. Start immediately. Learn on your own schedule.

Includes Video

Video segments highlight important points

Printable Certificate

Download and print your own certificate.

PDF & EPUB eBook

Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.

Read-Along Audio MP3
Optional Add-On (+$5.00)

Have a narrator read the entire course to you as you make progress. You can also download the entire course in MP3 audio format. (National portion only)

This package of courses includes the required continuing education necessary to renew a mortgage loan originator's license in the State of Hawaii. The Hawaii Department of Financial Institutions (DFI) requires licensees to take a total of 8 hours of continuing education each year: 7 hours in SAFE Act required topics, and 1 hour in HI-specific law and regulations.

Included in this course package are:

  • 1 Hour HI SAFE: Hawaii Mortgage Regulations (NMLS ID 12918) - This course starts with a review of the Department of Commerce and Consumer Affairs (DCCA) and its Division of Financial Institutions (DFI). We then move into regulations of the Hawaii SAFE Act and the Hawaii Mortgage Rescue Fraud Prevention Act. Please review the Course Syllabus for more details about this course.

  • 7 Hour SAFE Core: 2021 Originator Fundamentals (NMLS ID 12723) - This course covers the required topics as mandated by the federal SAFE Act for annual NMLS mortgage license renewal. The topics in this course include the NMLS-required topics of the Truth in Lending Act, the Equal Credit Opportunity Act, and various miscellaneous regulations; a review of laws that regulate the advertisement of mortgage products; and an explain of nontraditional products such as to 203(k) loan, energy efficient mortgage, and the HomeReady® loan program. Please review the Course Syllabus for more details about this course.

These courses are new for 2021 and meet the SAFE Act's "successive years" rule.

Package Summary

Price: $50.50 (USD)
+ $12.00 NMLS Credit Banking Fee
Credit Hours: 8
Category: Mortgage > Continuing Education > Hawaii
Purpose: Complete 8-hour package for Hawaii MLO licensees. Includes the 1-hour DFI state specific requirement.
Features: Online Text, Online Video, Printable Certificate, PDF eBook

Courses Provided By:

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

mail@onlineed.com

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:


Courses Included In This Package:

1 Hour HI SAFE: Hawaii Mortgage Regulations

NMLS Course ID: 12918

NMLS Sponsor ID: 1400327

Credit Hours Provided: 1

Category: CE Elective

View Course Syllabus

The Hawaii Department of Commerce and Consumer Affairs (DCCA) and its Division of Financial Institutions (DFI) requires mortgage licensees in this state to take a one-hour course on Hawaii mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers topics relating to Hawaii mortgage regulations.

This two-module course will cover the Hawaii SAFE Act and the Hawaii Mortgage Rescue Fraud Prevention Act.

In our first module we'll begin with a review of the DCCA and the DFI. We'll then cover the duties requires for a Qualified Individual and a Branch Manager, explain the oversight authority of the Commissioner of DFI, and list the prohibited conduct that licensees are not to do during their practice of residential mortgage loan origination.

In the second module we'll explain the purpose of the Hawaii Mortgage Rescue Fraud Prevention Act and the behavior expected of distressed property consultants, including contract requirements. We'll also cover the obligations of the consultant for conveying property and leasing the property back to the original homeowner. Finally we'll list prohibited conduct for distressed property consultants.

Topics and Learning Objectives

This Hawaii loan originator continuing education 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. Hawaii Secure and Fair Enforcement for Mortgage Licensing Act (25 minutes)
  2. Hawaii Mortgage Rescue Fraud Prevention Act (15 minutes)
  3. Final exam (10 minutes)

Total study time: 1 credit hour

This course will prepare Hawaii-licensed MLOs to:

  • Review the structure of the Department of Commerce and Consumer Affairs (DCCA)
  • Describe the purpose of the two departments within the Division of Financial Institutions (DFI)
  • List the responsibilities expected of a branch manager.
  • Identify the Commissioner's investigative and penalty assessment authority.
  • Define who is a distressed property consultant.
  • Recognize a distressed property owner's contract cancellation rights.
  • Describe the requirements of the conveyed property owner if leasing the property back to the original owner.
  • List distressed consultant prohibited activities.

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.

7 Hour SAFE Core: 2021 Originator Fundamentals

NMLS Course ID: 12723

NMLS Sponsor ID: 1400327

Credit Hours Provided: 7

Category: CE Core

View Course Syllabus

This course will instruct mortgage loan originators on a number of regulations that they will have to comply with while taking part in their mortgage loan origination activities. Rules, such as those implemented by the Dodd-Frank Wall Street Reform and Consumer Protection Act, are set in place to protect the interest and well-being of consumers who apply for mortgages to purchase or refinance their properties. To ensure that their business practices satisfy the regulations adopted by federal laws, mortgage loan originators need to keep current on the guidelines published by entities such as the Consumer Financial Protection Bureau (CFPB).

Topics and Learning Objectives

This course consists of three sections and a final exam

  1. Federal Mortgage-Related Laws
  2. Ethical Mortgage Advertisement Practices
  3. Non-traditional Mortgage Products
  4. Final exam

Total study time: 7 credit hours (5 hours, 30 minutes)

Module 1: Federal Mortgage Related Laws

Study Time: 3 clock hours (150 minutes of federal law)

  • Equal Credit Opportunity Act (45 minutes)
  • Truth in Lending Act (70 minutes)
  • Miscellaneous Provisions (35 minutes)

Each year, the NMLS receives feedback from various agencies on problems and errors occurring in the mortgage industry. This feedback is then incorporated into your annual continuing education requirements as mandated by the NMLS. This module will cover a variety of conduct issues related to federal laws that are among the most frequently cited by examiners as industry problems.

We'll start this module covering the adverse action notice requirements of the Equal Credit Opportunity Act, 12 CFR 1002. Examiners are discovering that applicants are not receiving proper notification of adverse actions taken based on the information on their loan applications.

Next, we'll review several provisions of the the Truth in Lending Act. Specifically, we'll cover 12 CFR 1026.19 regarding proper disclosure of fees on the Loan Estimate and Closing Disclosure; 12 CFR 1026.25 regarding record keeping requirements; 12 CFR 1026.36 regarding the delivery of the special information booklet and NMLS ID disclosure requirements; and 12 CFR 1026.38 regarding proper disclosure of settlement costs.

Lastly, we'll review several miscellaneous NMLS topics: adverse action notices under the Fair Credit Reporting Act (15 USC 1681(m)), the Department of Veterans Affairs VA Circular 26-14-10, consumer consent to receiving digital records under the ESIGN Act (15 USC 7001), and the reporting requirements under the Home Mortgage Disclosure Act (12 CFR 1003).

Module 2: Ethical Mortgage Advertisement Practices

Study Time: 2 clock hours (100 minutes of ethics, fraud, and consumer protection)

  • The Mortgage Acts and Practices Advertising Rule (45 minutes)
  • TILA and RESPA Advertising Rules (20 minutes)
  • FTC Advertising Rules and Case Study (35 minutes)

This module is written with a focus on consumer protection. Most, if not all of the regulations of the mortgage and banking industry are implemented to protect the consumer. In this module you'll be provided with a better understanding of laws that protect consumers from untruthful mortgage advertising. Understanding what you can and cannot do in regard to advertising loan products is vital when dealing with the public and promoting your services. As an advocate for your customer it is up to you to be diligent in your understanding of the laws and regulations affecting our industry, how they affect you in your business, and how to adhere to them for compliance and consumer protection.

Module 3: Non-traditional Mortgage Products

Study Time: 2 clock hours (100 minutes of non-traditional mortgage)

  • The FHA 203(k) – A Program for Property Rehabilitation (30 minutes)
  • Energy Efficient Mortgage Programs (45 minutes)
  • Fannie Mae's HomeReady® Loan Program (25 minutes)

Besides a traditional conventional loan product, there are other options available when it comes to rehabilitating a home for purchase and refinance that may more perfectly fit the rehab loan needs of the borrower. This module will explain several non-traditional mortgage products, exploring other options available to borrowers such as the Federal Housing Administration's 203(k) property rehabilitation loan, four types of energy efficient mortgage products, and the Fannie Mae HomeReady® rehab loan product.

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.

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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.