1 Hour NM SAFE: The Home Loan Protection Act
1 hour state-specific online continuing education course for New Mexico mortgage loan originators.
Download and print your own certificate.
Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.
To address the predatory lending practices, the New Mexico legislature passed the Home Loan Protection Act (HLPA). This legislature outlines the actions that creditors are prohibited from doing while working with a residential home loan that is protected by the act, and requires that loans have a reasonable, tangible benefit to the borrower.
This course will review the important provisions of the act, including a case study of how portions of the act were used in a legal court case. The first chapter of the course will review the act's definitions and purpose. The second chapter will identify specific acts and practices that creditors are not allowed to do while working with a HLPA-covered transaction. The third chapter sets out the limitations for high-cost home loans, and the fourth chapter defines the legal rights that borrowers have if in default on their loan as well as their legal rights that can be exercised against creditors who are in violation of the act.
Please review the Course Syllabus for details about this course.
This course satisfies 1 hour of required continuing education for New Mexico 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.
$19.50 (50% Discount)
+ $1.50 NMLS Credit Banking Fee
|Category:||Mortgage > Continuing Education > New Mexico > CE Elective|
|Purpose:||1 hour state-specific online continuing education course for New Mexico mortgage loan originators.|
|Features:||printable certificate, PDF eBook|
7405 SW Beveland Rd,
Portland, OR 97223
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:
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.