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2 Hour UT SAFE: Utah Mortgage Laws

This 2018 course meets the Utah Division of Real Estate state-specific requirement for MLO annual license renewal through the NMLS.

$32.50

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At A Glance:

Price: $32.50 (USD)
+ $3.00 NMLS Credit Banking Fee
Purpose: 2-hour Utah state-specific course for licensed mortgage loan originators
Features: online text, printable certificate, PDF eBook
Hours: 2 Hours
Category: Mortgage > Continuing Education > Utah > CE Elective
Sponsor /
Delivery:
OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Terms of Service:

2-hour Utah state-specific course for licensed mortgage loan originators

NMLS Course ID: 7923

NMLS Sponsor ID: 1400327

View Course Syllabus

The Utah Division of Real Estate (DRE) require those who hold a Utah mortgage license to completed a two-hour course on Utah mortgage laws and regulations as a requirement for annual license renewal. This online course covers the required topics as defined by the DRE for 2018 license renewal through the NMLS.

This two-hour course will cover the Residential Mortgage Practices and Licensing Act and its recent changes, the mortgage administrative rule changes that went into effect in 2017, new Utah Real Estate Purchase Contract for residential property transactions, and review mortgage licensee disciplinary actions.

Topics and Learning Objectives

This course is broken down into several learning topics. A 15-question final exam will be presented at the end of the course. The topics included in this course are:

  1. Overview of the DRE and DFI (15 minutes)
  2. Residential Mortgage Practices and Licensing Act (30 minutes)
  3. Mortgage Administrative Rule Changes (10 minutes)
  4. The Utah Real Estate Purchase Contract (REPC) (15 minutes)
  5. Mortgage Licensing and Disciplinary Actions (20 minutes)
  6. Final exam (10 minutes)

Total study time: 2 clock hours (100 minutes)

This course will prepare Utah MLOs to:

  • Outline the mission of both the DRE and the DFI
  • Identify the sections within the DRE
  • Describe the structure of the division's Residential Regulatory Mortgage Commission
  • Describe the DRE's enforcement authority over mortgage licensees by overseeing adjudication hearings
  • List the actions and violations that can result in a DRE citation
  • Review the initial licensing requirements and annual maintenance requirements under the Residential Mortgage Practices and Licensing Act
  • Outline the records that must be maintained by licensed entities
  • Summarize recent regulation changes that affect all industries
  • Recognize the new licensing regulations for lending managers
  • Describe the requirements for new licensee post-education license training
  • Identify the latest changes made to the DRE-drafted Real Estate Purchase Contract.
  • Recall activities that resulted in disciplinary action against an applicant or licensee.

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

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: