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[Webinar] 2 Hour CA-DBO SAFE: California Mortgage Lending Laws

Mandatory California state-specific component for DBO mortgage licensee applicants

$49.00

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Live Webinar Course
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At A Glance:

Price: $49.00 (USD)
+ $3.00 NMLS Credit Banking Fee
Purpose: Mandatory California state-specific component for DBO mortgage licensee applicants
Features: proactive instructor, Webinar
Hours: 2 Hours
Category: Mortgage > License Training > California
Sponsor /
Delivery:
OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Sessions Available:

All times are listed in Pacific Time (PST)

November 16

  • November 16, 10:00am - 12:00pm PST

November 23

  • November 23, 12:00pm - 2:00pm PST

November 30

  • November 30, 10:00am - 12:00pm PST

Terms of Service:

NMLS Course ID: 6888

NMLS Sponsor ID: 1400327

View Course Syllabus

This course is designed to prepare candidates to take the exam to become a state-licensed mortgage loan originator in California under the Department of Business Oversight (DBO). This 2-hour course covers California specific rules and regulations, and is required as part of the 20 hours of prelicensure education needed to become a California mortgage loan originator.

Students will attend a live / real-time webinar with an instructor. The course will last 2 hours held on one day and will include slide show presentation by the instructor, Q&A sessions, group discussion, and quizzes. Once the student is confirmed to have participated in all actives, a 15-question final exam will be made available outside of the webinar software.

Technical Requirements

This is a webinar course. Students will need to have a current internet browser and computer speakers or a phone in order to hear the instructor speaking. The webinar is presented using Citrix GoToMeeting software, but a webcam is not required. An audio bridge call-in number along with the session dates and times will be given to the students when the class begins.

Topics and Learning Objectives

This course consists of two sections and an exam:

  1. California Finance Lenders Law (50 minutes)

  2. California Residential Mortgage Lending Act (40 minutes)

  3. Final exam (10 minutes)

Total Study Time: 2 clock hours

Part 1: California Finance Lenders Law (CFLL)

Individuals are required to be licensed as mortgage loan originators before participating in residential mortgage lending under California law. This section of the course will cover the licensing requirements for mortgage loan originators under the CFFL.

Part 2: California Residential Mortgage Lending Act (CRMLA)

The activities of licensed mortgage loan originators and the origination or offering of financial products for residential real property are subject to California law. This section of the course covers the California residential lending laws the MLOs must comply with.

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, then

  • 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

NMLS functional specification define that a 2-hour mortgage loan originator prelicense courses MUST be completed within 12 hours of the course session start time. Students who do not pass the final exam before the enrollment period expires will be marked as failing the course. Refunds will not be issued for failed courses. Extensions to lengthen the 12-hour enrollment period are NOT available. Students who fail the course can enroll for a new course session and must start from the beginning.

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.
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: