+ $3.00 NMLS Credit Banking Fee
|Purpose:||2 hour state-specific online continuing education course for New Jersey mortgage loan originators.|
|Features:||online text, printable certificate, PDF eBook|
|Category:||Mortgage > Continuing Education > New Jersey > CE Elective|
7405 SW Beveland Rd,
Portland, OR 97223
NMLS Course ID: 10826
NMLS Sponsor ID: 1400327
The New Jersey Department of Banking and Insurance (DOBI) requires New Jersey mortgage licensees to complete a total of 12 continuing education hours each year: 3 hours of federal law, 2 hours of ethics, 2 hours of non-traditional mortgages, 3 hours of general elective, and 2 hours of New Jersey specific education. This two-hour online course meets the New Jersey state-specific mortgage licensee continuing education requirements for annual license renewal.
This course covers the New Jersey Residential Mortgage Lending Act, the laws that define mortgage licensing, conducts, and restrictions in this state. The first module of this course is an overview of the state department tasked with overseeing mortgage regulations, the Department of Banking and Insurance. The second module will review mortgage licensing requirements, and the third module covers the authority of the Commissioner of DOBI, various prohibited acts that licensees cannot do when working with consumers, and specific restrictions when dealing with junior liens and secondary mortgages.
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 New Jersey DOBI-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.
If you already have an NMLS ID but don't remember what it is:
If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center.
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.