+ $1.50 NMLS Credit Banking Fee
|Purpose:||1-hour Arizona state-specific course for AZDFI-licensed mortgage loan originators|
|Features:||online text, printable certificate, PDF eBook|
|Category:||Mortgage > Continuing Education > Arizona > CE Elective|
7405 SW Beveland Rd,
Portland, OR 97223
1-hour Arizona state-specific course for AZDFI-licensed mortgage loan originators
NMLS Course ID: 7811
NMLS Sponsor ID: 1400327
This course will cover several fundamental state regulations that Arizona mortgage loan originators must be familiar with. Reviewing important laws in Arizona's residential mortgage loan industry will ensure that mortgage loan originators are compliant with the state's expectations of MLO behavior.
This course will cover three topics. The first module of the course will review the basic requirements for mortgage loan originator licensing in the state. The second module will explain the qualifications for a mortgage broker license and the regulations that a broker is required to follow as directed by the Superintendent of the Arizona Department of Financial Institutions. The third module will cover prohibited acts and practices that both mortgage loan originators and mortgage brokers must be aware of.
This course consists of three modules and a final exam:
Total study time: 1 clock hour
This module will briefly review the requirements of mortgage loan originator licensing and exemption. This module will enable you to distinguish between persons requiring a license and persons that are exempt, and itemize requirements for maintaining a license in Arizona.
This module will explain the requirements to qualify for, apply for, and maintain a mortgage loan broker license in Arizona. It will also address to some legal aspects of maintaining a brokerage.
Arizona mortgage loan brokers and MLOs may not engage in a number of prohibited practices or types of conduct. These prohibited practices are discussed under the following general topics of Revised Statutes of Arizona 6-909, Mortgage Fraud, and Unlawful Discrimination.
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.