+ $1.50 NMLS Credit Banking Fee
|Purpose:||1-hour Hawaii state-specific course for DFI-licensed mortgage loan originators|
|Features:||online text, printable certificate, PDF eBook|
|Category:||Mortgage > Continuing Education > Hawaii > CE Elective|
7405 SW Beveland Rd,
Portland, OR 97223
1-hour Hawaii state-specific course for DFI-licensed mortgage loan originators
NMLS Course ID: 10123
NMLS Sponsor ID: 1400327
The Hawaii Department of Commerce and Consumer Affairs (DCCA) and its Division of Financial Institutions (DFI) requires mortgage licensees in this state to take a one-hour course on Hawaii mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers topics relating to Hawaii mortgage regulations.
This two-module course will cover the Hawaii SAFE Act and the Hawaii Mortgage Rescue Fraud Prevention Act.
In our first module we'll begin with a review of the DCCA and the DFI. We'll then cover the duties requires for a Qualified Individual and a Branch Manager, explain the oversight authority of the Commissioner of DFI, and list the prohibited conduct that licensees are not to do during their practice of residential mortgage loan origination.
In the second module we'll explain the purpose of the Hawaii Mortgage Rescue Fraud Prevention Act and the behavior expected of distressed property consultants, including contract requirements. We'll also cover the obligations of the consultant for conveying property and leasing the property back to the original homeowner. Finally we'll list prohibited conduct for distressed property consultants.
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:
Total study time: 1 hour (50 minutes)
This course will prepare Hawaii-licensed MLOs to:
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.