2 Hour MT SAFE: Montana Mortgage Lending Laws
Mandatory Montana state-specific component for DBFI mortgage licensee applicants
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This course presents Montana law and rule requirements relating to originating mortgage loans securing residential real property located throughout the State of Montana. The purpose of this training is to prepare Montana Mortgage Loan Originator license candidates with the necessary information to ensure fair, ethical, and compliant mortgage loan origination activities.
+ $3.00 NMLS Credit Banking Fee
|Category:||Mortgage > License Training > Montana > PE Elective|
|Purpose:||Mandatory Montana state-specific component for DBFI mortgage licensee applicants|
|Features:||Online Text, Online Audio, PDF eBook, Printable Certificate|
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: 11823
NMLS Sponsor ID: 1400327
Credit Hours Provided: 2
Category: PE Elective
This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in Montana under the Division of Banking and Financial Institutions (DBFI). This 2-hour course covers Montana specific rules and regulations, and is required as part of the 20 hours of prelicensure education needed to become a Montana mortgage loan originator.
This course consists of two modules and a final exam:
Total study time: 2 credit hours
This module will explain the Montana Mortgage Act, 32-9-101 MCA through 32-9-172 MCA. This act outlines the licensing regulations of the residential mortgage industry in our state. The intention of the act is to promote honesty, education, and professionalism; to ensure the availability and diversity of residential mortgage funding; and to protect Montana consumers and the stability of Montana's economy.
This module will explain the administrative rules of the Montana Department of Administration (DOA) and its Division of Banking and Financial Institutions (DBFI). The Administrative Rules of Montana (ARM) define the recordkeeping requirements of licensees relating to file such as disclosures, applications, advertisements, and complaints.
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.