1 Hour CA-DBO SAFE: California State Conduct and Rules
1-hour California state-specific course for DBO-licensed mortgage loan originators
Download and print your own certificate.
Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.
There are three important pieces of California legislation that those who are licensed with the California Department of Business Oversight (DBO) must be familiar with. The DBO requires licensees who are renewing their DBO licenses to review the California Finance Lenders Law (CFLL), the California Residential Mortgage Lending Act (CRMLA), and the California Homeower Bill of Rights (HBOR).
This 2019 course will cover each of the three legislations, starting with the Finance Lenders Law. This module of the course will review the licensing requirements for a finance lender, the expected conduct of those who hold these licenses, the limitations on interest rates, and the investigative powers of the Commissioner of the DBO.
The second module will review the California Residential Mortgage Lending Act. This module will outline the conduct required to maintain a license, the surety bonding and net worth requirements, prohibited fees and owner actions, and how the Commissioner can cite licensees who don't follow the law.
The third module will highlight the California Homeowner Bill of Rights, a law passed in 2013 to give some protection to homeowners who are facing foreclosure of their residential property. This law outlines seven provisions covering dual tracking, robo signing, single points of contact, and more.
Please review the Course Syllabus for details about this course.
This course satisfies 1 hour of required continuing education for California DBO 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.
+ $1.50 NMLS Credit Banking Fee
|Category:||Mortgage > Continuing Education > California > CE Elective|
|Purpose:||1-hour California state-specific course for DBO-licensed mortgage loan originators|
|Features:||printable certificate, PDF eBook|
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Portland, OR 97223
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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.