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2 Hour CA-DBO SAFE: California Mortgage Lending Laws

California Pre-License 2 Hours Online Self-Study

Mandatory California state-specific component for DBO mortgage licensee applicants

This NMLS mortgage lending laws course is designed to prepare candidates to become a licensed mortgage loan originator in California.
$49.00
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Included Standard:

Online Course Includes Video Online Audio PDF & EPUB eBook Printable Certificate

Online Course

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

Includes Video

Video segments highlight important points

Online Audio

Read-a-long audio plays the course text back to you.

PDF & EPUB eBook

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

Printable Certificate

Download and print your own certificate.

This course presents California law and rule requirements relating to originating mortgage loans securing residential real property located throughout the State of California. The purpose of this training is to prepare California Mortgage Loan Originator license candidates with the necessary information to ensure fair, ethical, and compliant mortgage loan origination activities.

Summary

Price: $49.00 (USD)
+ $3.00 NMLS Credit Banking Fee
Hours: 2 Hours
Category: Mortgage > License Training > California
Purpose: Mandatory California state-specific component for DBO mortgage licensee applicants
Features: Online Text, Online Video, Online Audio, PDF eBook, Printable Certificate

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 CA-DBO SAFE: California Mortgage Lending Laws

NMLS Course ID: 11090

NMLS Sponsor ID: 1400327

Hours Provided: 2

View Course Syllabus

This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in California under the Department of Business Oversight (DBO). This 2-hour course covers California specific rules and regulations, and is required as part of the 20 hours of prelicensure education needed to become a California mortgage loan originator under the DBO.

Topics and Learning Objectives

This course consists of two sections and an exam:

  1. California Residential Mortgage Lending Act (40 minutes)
  2. California Finance Lenders Law (50 minutes)
  3. Final exam (10 minutes)

Total Study Time: 2 credit hours (100 minutes)

Module 1: California Residential Mortgage Lending Act (CRMLA)

The activities of licensed mortgage loan originators and the origination or offering of financial products for residential real property are subject to California law. This section of the course covers MLO licensing requirements, mortgage lender licensing requirements, and the California residential lending laws the MLOs must comply with.

Module 2: California Financing Law (CFL)

An alternative to CRMLA licensing, the California Financing Law requires finance lenders and brokers to be registered before offering consumer or commercial loans in California. MLOs who are employed by finance lenders must be licensed under the CFL requirements. This section will cover finance lender and broker licensing, restrictions on fees that can be charged by CFL licensees, and other lending laws that CFL licensees must comply with.

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, then
  • 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.