1 Hour MA SAFE: Massachusetts Mortgage Regulations
1-hour Massachusetts 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.
This continuing education course will contain the following Massachusetts Division of Bank topics to satisfy the one-hour continuing education requirement needed to maintain a Massachusetts Mortgage Loan Originator license:
Please review the Course Syllabus for details about this course.
This course satisfies 1 hour of required continuing education for Massachusetts 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 2021 and meets the SAFE Act's "successive years" rule.
+ $1.50 NMLS Credit Banking Fee
|Category:||Mortgage > Continuing Education > Massachusetts > CE Elective|
|Purpose:||1-hour Massachusetts state-specific course for licensed mortgage loan originators|
|Features:||Online Text, Online Audio, Printable Certificate, PDF eBook|
NMLS Course Provider ID: 1400327
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:
NMLS Course ID: 12847
NMLS Sponsor ID: 1400327
Credit Hours Provided: 1
Category: CE Elective
The Massachusetts Division of Banks (DOB) requires mortgage licensees in this state to take a one-hour course on Massachusetts mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers five Massachusetts mortgage topics for licensee continuing education.
This four-module course begins with an overview of the structure and goals of the Division of Banks.
We'll then move onto module 2, covering mortgage loan originator licensing and explaining various prohibited acts that MLOs are not to do when originating residential mortgage loans.
Module 3 examines the licensing of mortgage bankers and mortgage lenders, and identifies the enforcement abilities of the Commissioner of the Division of Banks.
The last module summarizes the prohibited acts when dealing with high-cost mortgages and higher-priced mortgages within this state.
This course consists of four modules and a final exam:
Total study time: 1 credit hour
This course will prepare Massachusetts-licensed MLOs to:
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:
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.
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.