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1 Hour NC SAFE: North Carolina Mortgage Lending Compliance

North Carolina CE Elective 1 Hour Online Self-Study

1 hour of state-specific online continuing education course for North Carolina mortgage loan originators.

$19.50
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Included Standard:

Printable Certificate PDF & EPUB eBook

Printable Certificate

Download and print your own certificate.

PDF & EPUB eBook

Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.

The North Carolina Commissioner of Banks (NCCOB) requires mortgage licensees in this state to take a one-hour course on North Carolina mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers four North Carolina mortgage topics for licensee continuing education.

The first module of this course reviews conduct and behavior that is prohibited by North Carolina laws. This includes the fees that can be charged on a mortgage loan transactions and the limits for those fees.

The second module describes the various disciplinary actions the Commissioner of Banks may issue against licensees who violate state law.

The third module outlines the North Carolina Reverse Mortgage Act, found in NCGS Chapter 53, Article 21. We'll review how a reverse mortgage is defined, how a lender is granted authority by the Commissioner to issue reverse mortgages, the state limitations on this type of loans, and at what point a borrower is required to repay the reverse mortgage.

The last module of this course explains the North Carolina Residential Mortgage Fraud Act (RMFA), NCGS Chapter 14, Article 20A. We'll learn about the definition of mortgage fraud and identify various tasks that would qualify as mortgage fraud.

Please review the Course Syllabus for details about this course.

This course satisfies 1 hour of required continuing education for North Carolina 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.

This course is new for 2019 and meets the SAFE Act's "successive years" rule.

Summary

Price: $19.50 (USD)
+ $1.50 NMLS Credit Banking Fee
Hours: 1 Hour
Category: Mortgage > Continuing Education > North Carolina > CE Elective
Purpose: 1 hour of state-specific online continuing education course for North Carolina mortgage loan originators.
Features: printable certificate, PDF eBook

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Terms of Service:

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:

1 Hour NC SAFE: North Carolina Mortgage Lending Laws

NMLS Course ID: 10803

NMLS Sponsor ID: 1400327

Hours Provided: 1

Category: CE Elective

View Course Syllabus

The North Carolina Commissioner of Banks (NCCOB) requires mortgage licensees in this state to take a one-hour course on North Carolina mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers four North Carolina mortgage topics for licensee continuing education.

The first module of this course reviews conduct and behavior that is prohibited by North Carolina laws. This includes the fees that can be charged on a mortgage loan transactions and the limits for those fees.

The second module describes the various disciplinary actions the Commissioner of Banks may issue against licensees who violate state law.

The third module outlines the North Carolina Reverse Mortgage Act, found in NCGS Chapter 53, Article 21. We'll review how a reverse mortgage is defined, how a lender is granted authority by the Commissioner to issue reverse mortgages, the state limitations on this type of loans, and at what point a borrower is required to repay the reverse mortgage.

The last module of this course explains the North Carolina Residential Mortgage Fraud Act (RMFA), NCGS Chapter 14, Article 20A. We'll learn about the definition of mortgage fraud and identify various tasks that would qualify as mortgage fraud.

Topics and Learning Objectives

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:

  1. Module 1: Required Conduct and Prohibited Conduct (10 minutes)
  2. Module 2: Disciplinary Action (15 minutes)
  3. Module 3: The North Carolina Reverse Mortgage Act (10 minutes)
  4. Module 4: The North Carolina Residential Mortgage Fraud Act (5 minutes)
  5. Final exam (10 minutes)

This course will prepare North Carolina-licensed MLOs to:

  • Outline the duties required of mortgage brokers when working with consumers.
  • List conduct that is prohibited by the Commissioner during the practice of mortgage loan origination.
  • Describe the limitations on fees, interest, late payments, and other financial payments.
  • State how the Commissioner initiates disciplinary hearings against licensees and the possible penalties.
  • Explain the state laws to comply with when working with applicants for reverse mortgages.
  • Paraphrase the definition of mortgage fraud and the penalties for fraud convictions.

Total study time: 1 clock hour

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.

This course will remain available to students for 365 days after purchase.

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.