+ $3.00 NMLS Credit Banking Fee
|Purpose:||2 hour state-specific online continuing education course for Oregon mortgage loan originators.|
|Features:||online text, printable certificate, PDF eBook|
|Category:||Mortgage > Continuing Education > Oregon > CE Elective|
7405 SW Beveland Rd,
Portland, OR 97223
2 hour state-specific online continuing education course for Oregon mortgage loan originators.
NMLS Course ID: 7911
NMLS Sponsor ID: 1400327
This course will cover several fundamental state regulations that Oregon mortgage loan originators must be familiar with. Being familiar with important laws in Oregon's residential mortgage loan industry will ensure that mortgage loan originators are compliant with the state's expectations of MLO behavior.
This five-module course starts out with a description of the Department of Consumer and Business Services (DCBS) and its Division of Financial Regulations (DFR). We'll then review licensing requirements, financial statements, reporting changes to the DCBS, and MLO restrictions on working for a single entity in the second module of the course. The third module covers consumer disclosures in certain residential mortgage transactions, handling client trust funds, and regulations with advertising mortgage products. The fourth module covers various prohibited acts that licensees cannot participate in during the course of business, and the fifth module explains the DCBS investigation process.
This 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:
This course will prepare Oregon-licensed MLOs to:
Total study time: 2 clock hours
You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.
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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.