https://www.onlineed.com/system/pages/courses.php?package=333&f=show_details&state=Missouri&field=9
At A Glance:
| Price: |
$20.50 (USD)
+ $1.50 NMLS Credit Banking Fee |
|---|---|
| Purpose: | 1 hour state-specific online continuing education course for Missouri mortgage loan originators. |
| Features: | online text, printable certificate, PDF eBook |
| Hours: | 1 Hour |
| Category: | Mortgage > Continuing Education > Missouri > CE Elective |
| Sponsor / Delivery: |
OnlineEd 7405 SW Beveland Rd, Portland, OR 97223 (503) 670-9278 mail@onlineed.com |
Terms of Service:
1 hour state-specific online continuing education course for Missouri mortgage loan originators.
NMLS Course ID: 7900
NMLS Sponsor ID: 1400327
This course will cover several fundamental state regulations that Missouri mortgage loan originators must be familiar with. Being familiar with important laws in Missouri's residential mortgage loan industry will ensure that mortgage loan originators are compliant with the state's expectations of MLO behavior.
In the first module we are going to discuss Missouri law and rule requirements relating to operating a mortgage business in Missouri. The laws relating to how a mortgage loan originator is to operate and conduct their business affairs are based upon both statutory and administrative rules.
In the second module we are going to address Missouri specific issues relating to second/junior mortgages and reverse mortgages. The law relating to mortgages is generally similar throughout the United States in terms of general concepts. However, many states have enacted laws that address specific details that add specific state procedures and requirements. Missouri is no exception to enacting these laws that modify and add to the general mortgage law concepts.
Topics and Learning Objectives
This course consists of two modules and a 15-question final exam:
- The Basis of Missouri Law (30 minutes)
- Missouri-Specific Laws Impacting Mortgage Practice (10 minutes)
- Final exam (10 minutes)
Total study time: 1 clock hour
This course will prepare Missouri licensees to:
- Identify the required conduct for licensees relating to office operation and reporting requirements.
- List and discuss examples of prohibited conduct.
- Discuss licensee advertising requirements and prohibitions.
- Explain the required disclosures relating to the transfer of servicing and fee agreements.
- Explain a licensee’s obligations regarding escrow accounts and advance fees.
- List the permitted items a lender making a second mortgage may charge.
- Discuss the rules relating to reverse mortgages in the context of Missouri law.
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.
- 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
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.