12 Hour MS Mortgage Law Update Syllabus
Content
12 Hour MS SAFE Comprehensive Mortgage Mortgage Loan Originator Course 2013 Course Syllabus Welcome to our Mississippi SAFE Comprehensive Mortgage Loan Originator Course for 2013. We are excited to assist you in i n furthering your mortgage career and are pleased you chose Praedo Institute to satisfy your education requirements. Course Purpose
This course is meant to satisfy the 2013 NMLS twelve hour mortgage loan originator continuing education requirement for the state of Mississippi. Course Description
Our comprehensive course meets the NMLS Comprehensive CE requirement for Mississippi by covering the following topics: four hours of Federal Law, two hours of Fair Lending, Lending, two hours of Ethics and Loan Fraud, two hours of the History of Nontraditional Lending and Current Trends, and two hours of Mississippi Mortgage Law. Course Dates and Times
This course is offered for the the 2013 license renewal period. In order to ensure proper reporting to NMLS before all mortgage loan originator licenses expire on December 31, 2013, this course must be completed by December 20, 2013. Course Objectives
Upon completing this course, you should be able to do the following:
Explain the Final Rule on Mortgage Loan Originator Qualification and Compensation Practices Understand the Qualified Mortgage Rule Apply lessons learned from the advertising enforcement activities Analyze situations and properly evaluate them in the context of fair l ending compliance Explain the Home Mortgage Disclosure Act (HDMA) Comply with the Home Mortgage Disclosure Act Understand and evaluate potential fair lending violations Understand what constitutes loan fraud Explain the anti-money laundering and Suspicious Activity Report requirements Recognize when a mortgage lender or broker would be required to fil e a Suspicious Activity Report Understand the history of subprime loans as well as the state of the market now
Explain predatory lending and how to avoid it Recognize current trends in the demand and market for subprime loans Understand the scope and applicability of Mississippi mortgage laws and rules Comply with the requirements for licensees under the applicable laws and rules Protect the public by following the requirements set forth in the rules and laws
Grading Policy
The course consists of slides mixed with comprehension questions. Each chapter includes a chapter quiz. At the end of the final part, you will be required to take and pass a final exam. This course is timed as twelve hour course. You must complete the parts in order to progress through the course. You must answer all of the comprehension questions correctly and score 80 percent on all quizzes and tests to receive credit for the course. You may retake course quiz questions until you pass, but you are allowed only 10 retakes of the course final. Course Policies
Each student is required to submit an Identity Affidavit. By confirming the attestation, the student certifies that the course work was or will be completed by the person for whom the certificate will be issued. The student further certifies that they did or will not receive any assistance in completing the course. The submission of a completion certificate for a course they did not complete themselves may constitute fraud on the student’s part and is subject to
prosecution and/or discipline. Technical Support
As our course is entirely online, we do offer live technical support via telephone, email, and chat from 8:30am to 5:00pm Mountain Time on regular business days. After hours, holiday, and weekend support is available 365 days a y ear via email from 9:00am to 10:00pm Mountain Time. Our telephone number is 801-492-9933 and the support email is [email protected]. Please note, our technical support staff will often be unable to answer content questions which are more appropriately directed to your instructor. Using our System
Once you purchase the course and are logged into our system, you should see a link to the course on your home page. This link will launch the course. Please carefully review the introduction module for instructions on using our online system. Course Outline
This course consists of five parts, covering the following subjects: Federal Law, Fair Lending, Loan Fraud, Nontraditional Mortgage and Mississippi Mortgage Law
MS SAFE CE 2013 Part 1: Federal Law Introduction: This module will introduce you to our system. Adherence to the advice and
instructions offered in this module will greatly improve your online education experience. 2013 Federal Law Review Chapter 1: Chapter One explains the basic requirements of the LO
Compensation Rule. It consists of the following sections:
LO Compensation Rule
Payments Based on Transaction Terms
Reducing LO Compensation on a Transaction
Other Compensation Issues
Case Study
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.
2013 Federal Law Review Chapter 2: Chapter Two covers how to advertise in a compliant
manner. It consists of the following sections:
Advertising
Commercial Communication
Prohibited Representations
Record Keeping Requirements
Case Study
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Two.
2013 Federal Law Review Chapter 3: Chapter Three reviews the Ability-to-Repay and Qualified
Mortgage Rule. It consists of the following sections:
Ability to Repay and QM Rule
Case Study
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Three.
2013 Federal Law Review Chapter 4: Chapter Four covers the complicated Fair Lending federal
statutes and rules. It consists of the following sections:
Why do we care about Fair Lending
Department of Justice
Consumer Financial Protection Bureau
Fair Housing Act
Equal Credit Opportunity Act
Types of Discrimination
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Four.
MS SAFE CE 2013 Part 2: Fair Lending
SAFE CE 2013 Fair Lending Chapter 1: Chapter One reviews the Home Mortgage Disclosure Act
and tips on maintaining compliance with Fair Lending Laws. It consists of the following sections:
Home Mortgage Disclosure Act
Tips for Compliance
Case Studies
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.
SAFE CE 2013 Fair Lending Chapter 2: Chapter Two reviews several cases filed by the
Department of Justice. It consists of the following sections:
Countrywide Financial Corp.
GFI Mortgage Bankers, Inc.
Midwest BankCentre
Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter Two.
MS SAFE CE 2013 Part 3: Ethics and Loan Fraud Ethics and Loan Fraud Chapter 1: Chapter One will introduce you to the definition of loan
fraud and different types of loan fraud. It consists of the following sections:
Introduction to Loan Fraud
Definition of Loan Fraud
Consequences of Fraud
Types of Fraud
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.
Ethics and Loan Fraud Chapter 2: Chapter Two will review the new requirements for mortgage
lenders and brokers regarding money laundering and loan fraud reporting. It consists of the following sections:
SARs Reporting
Anti-Money Laundering Rule
SARs Rule Reporting Requirements
How to File a SAR
SARs Statistics
SAR Scenarios
Case Study
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Two.
MS SAFE CE 2013 Part 4: Nontraditional Mortgage History of Nontraditional Lending and Current Trends Chapter 1: Chapter One introduces the
history of subprime loans. It consists of the following sections:
History
Examples
Predatory Lending
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.
History of Nontraditional Lending and Current Trends Chapter 2: Chapter Two covers the
current state of the market with regard to subprime lending and nontraditional mortgages. It consists of the following sections:
Types of Nontraditional Loans
Non 30-year Fixed
Adjustable Rate Mortgage
Your Responsibility
Balloon Loans
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Two.
MS SAFE CE 2013 Part 5: Mississippi Mortgage Law Update MS Mortgage Law Update 2013 Chapter 1: Chapter One contains an overview of Mississippi
state law. It consists of the following sections:
Overview of Acts and State code
Definitions and Explanations
Renewals
Records
Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter One.
MS Mortgage Law Update 2013 Chapter 2: Chapter Two covers prohibited practices and rights
of the commissioner. It consists of the following sections:
Business Requirements
Prohibited Acts
Lock-in Fees
Advertising
Penalties
More Rights of the Commissioner
License Suspension and Notification
Violations of Law; Cease and Desist Orders; Failure to Comply with Order; Civil Penalty
Subpoenas
Case Study
Chapter Quiz: 10 question quiz covering all of the material di scussed in Chapter Two.
MS Mortgage Law Update 2013 Chapter 3:
License Requirements and Limitations
Acquisition
Required Contents of Individual Borrower Files
Case Study
MS SAFE CE 2013 Course Final: 25 question final exam covering all of the material
discussed in the course. Course Evaluation: Students will be allowed to give feedback re garding the course. Course Schedule
This course consists of the five parts outlined below. The requirements for each part are listed with the approximate time needed to complete each learning module. This course meets the minimum time requirement of 50 seat minutes for each clock hour the course is approved. This course is approved as a twelve hour course and must be completed in its entirety in order for you to receive credit. Good Luck
Once again, thank you for choosing Praedo Institute. Your success is extremely important to us. Please let us know if we can be of assistance at any time. Enjoy the course!
Course Outline and Schedule Module SAFE CE 2013 Part 1: Federal Law Chapter 1 Chapter 1
Chapter 1
Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 3 Chapter 3 Chapter 3 Chapter 4 Chapter 4 Chapter 4 Chapter 4 Chapter 4 Chapter 4
Reading
Assignments Due
Instruction Time Allocation (Minutes)
Introduction
Attestation
5
Quiz Questions
20
Quiz Questions
15
Quiz Question
5
Quiz Questions
10
Quiz Questions Chapter Quiz Quiz Question
10 5 5
Quiz Question
5
Quiz Questions
25
Quiz Question
5
Quiz Questions Chapter Quiz
10 5
Quiz Questions
35
Quiz Questions Chapter Quiz
10 5
Quiz Question
5
Quiz Questions
10
Quiz Question
5
Quiz Questions
10
Quiz Questions
15
Quiz Questions
15
LO Compensation Rule Payments Based on Transaction Terms Reducing LO Compensation on a Transaction Other Compensation Issues Case Study N/A Advertising Commercial Communication Prohibited Representations Record Keeping Requirements Case Study N/A Ability to Repay and QM Rule Case Study N/A Why do we care about Fair Lending Department of Justice Consumer Financial Protection Bureau Fair Housing Act Equal Credit Opportunity Act Types of Discrimination
Chapter 4 SAFE CE 2013 Part 2: Fair Lending Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 SAFE CE 2013 Part 3: Ethics and Loan Fraud
N/A
Home Mortgage Disclosure Act Tips for Compliance Case Studies N/A Citywide Financial Corp. GFI Mortgage Bankers Midwest BankCentre N/A
Chapter Quiz
5
Quiz Question
6
Quiz Question Quiz Questions End of Chapter Quiz
4 40 5
Quiz Questions
25
Quiz Questions Quiz Questions End of Chapter Quiz
15 10 5
Quiz Question
5
Quiz Question
5
Quiz Questions
10
Quiz Questions Chapter Quiz Quiz Questions
20 5 15
Quiz Question
5
Introduction to Loan Fraud Definition of Loan Fraud Consequences of Fraud Types of Fraud N/A SARs Reporting Anti-Money Laundering Rule SARs Rule Reporting Requirements How to File a SAR SARs Statistics SARs Scenarios Case Study N/A
Quiz Questions
10
Quiz Question Quiz Questions Quiz Questions Quiz Questions Chapter Quiz
5 15 15 10 5
Chapter 1
History
Quiz Questions
10
Chapter 1
Examples
Quiz Questions
10
Chapter 1
Predatory Lending
Quiz Questions
15
Chapter 1
N/A
Chapter Quiz
5
Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 SAFE CE 2013 Part 4: Nontraditional Mortgage
Chapter 2
Types of Nontraditional Loans
Quiz Question
5
Chapter 2
Non 30-year Fixed
Quiz Question
5
Chapter 2
Adjustable Rate Mortgage
Quiz Questions
10
Chapter 2 Chapter 2 Chapter 2 SAFE CE 2013 Part 5: Mississippi Mortgage Law Update Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2
Chapter 2
Chapter 2 Chapter 2 Chapter 2 Chapter 3
Your Responsibility Balloon Loans N/A
Overview of Acts and State Code Definitions and Explanations Renewals Records N/A Business Requirements Prohibited Acts Lock-in Fees Advertising Penalties More Rights of the Commissioner License Suspension and Notification Violations of Law; Cease and Desist Orders; Failure to Comply with Order; Civil Penalty Subpoenas Case Study N/A License Requirements and Limitations Acquisition
Activity 3 - Written Submission & Quiz Questions Quiz Questions Chapter Quiz
10 10
Quiz Question
4
Quiz Questions
15
Quiz Questions Quiz Questions End of Chapter Quiz
8 8 10
Quiz Question
4
Quiz Questions Quiz Question Quiz Question Quiz Question
11 3 4 4
Quiz Questions
7
Quiz Question
4
Quiz Question
4
Quiz Question Quiz Questions End of Chapter Quiz
4 5 10
Quiz Question
3
Quiz Question
3
20
Chapter 3 Chapter 3 SAFE CE 2013 Course Final Course Evaluation Total Course Time (Minutes)
Required Contents of Individual Borrower Files Case Study
Quiz Question
4
Quiz Questions
5
N/A
Course Final
20
N/A
Evaluation
5 720
This course is meant to satisfy the 2013 NMLS twelve hour mortgage loan originator continuing education requirement for the state of Mississippi. Course Description
Our comprehensive course meets the NMLS Comprehensive CE requirement for Mississippi by covering the following topics: four hours of Federal Law, two hours of Fair Lending, Lending, two hours of Ethics and Loan Fraud, two hours of the History of Nontraditional Lending and Current Trends, and two hours of Mississippi Mortgage Law. Course Dates and Times
This course is offered for the the 2013 license renewal period. In order to ensure proper reporting to NMLS before all mortgage loan originator licenses expire on December 31, 2013, this course must be completed by December 20, 2013. Course Objectives
Upon completing this course, you should be able to do the following:
Explain the Final Rule on Mortgage Loan Originator Qualification and Compensation Practices Understand the Qualified Mortgage Rule Apply lessons learned from the advertising enforcement activities Analyze situations and properly evaluate them in the context of fair l ending compliance Explain the Home Mortgage Disclosure Act (HDMA) Comply with the Home Mortgage Disclosure Act Understand and evaluate potential fair lending violations Understand what constitutes loan fraud Explain the anti-money laundering and Suspicious Activity Report requirements Recognize when a mortgage lender or broker would be required to fil e a Suspicious Activity Report Understand the history of subprime loans as well as the state of the market now
Explain predatory lending and how to avoid it Recognize current trends in the demand and market for subprime loans Understand the scope and applicability of Mississippi mortgage laws and rules Comply with the requirements for licensees under the applicable laws and rules Protect the public by following the requirements set forth in the rules and laws
Grading Policy
The course consists of slides mixed with comprehension questions. Each chapter includes a chapter quiz. At the end of the final part, you will be required to take and pass a final exam. This course is timed as twelve hour course. You must complete the parts in order to progress through the course. You must answer all of the comprehension questions correctly and score 80 percent on all quizzes and tests to receive credit for the course. You may retake course quiz questions until you pass, but you are allowed only 10 retakes of the course final. Course Policies
Each student is required to submit an Identity Affidavit. By confirming the attestation, the student certifies that the course work was or will be completed by the person for whom the certificate will be issued. The student further certifies that they did or will not receive any assistance in completing the course. The submission of a completion certificate for a course they did not complete themselves may constitute fraud on the student’s part and is subject to
prosecution and/or discipline. Technical Support
As our course is entirely online, we do offer live technical support via telephone, email, and chat from 8:30am to 5:00pm Mountain Time on regular business days. After hours, holiday, and weekend support is available 365 days a y ear via email from 9:00am to 10:00pm Mountain Time. Our telephone number is 801-492-9933 and the support email is [email protected]. Please note, our technical support staff will often be unable to answer content questions which are more appropriately directed to your instructor. Using our System
Once you purchase the course and are logged into our system, you should see a link to the course on your home page. This link will launch the course. Please carefully review the introduction module for instructions on using our online system. Course Outline
This course consists of five parts, covering the following subjects: Federal Law, Fair Lending, Loan Fraud, Nontraditional Mortgage and Mississippi Mortgage Law
MS SAFE CE 2013 Part 1: Federal Law Introduction: This module will introduce you to our system. Adherence to the advice and
instructions offered in this module will greatly improve your online education experience. 2013 Federal Law Review Chapter 1: Chapter One explains the basic requirements of the LO
Compensation Rule. It consists of the following sections:
LO Compensation Rule
Payments Based on Transaction Terms
Reducing LO Compensation on a Transaction
Other Compensation Issues
Case Study
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.
2013 Federal Law Review Chapter 2: Chapter Two covers how to advertise in a compliant
manner. It consists of the following sections:
Advertising
Commercial Communication
Prohibited Representations
Record Keeping Requirements
Case Study
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Two.
2013 Federal Law Review Chapter 3: Chapter Three reviews the Ability-to-Repay and Qualified
Mortgage Rule. It consists of the following sections:
Ability to Repay and QM Rule
Case Study
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Three.
2013 Federal Law Review Chapter 4: Chapter Four covers the complicated Fair Lending federal
statutes and rules. It consists of the following sections:
Why do we care about Fair Lending
Department of Justice
Consumer Financial Protection Bureau
Fair Housing Act
Equal Credit Opportunity Act
Types of Discrimination
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Four.
MS SAFE CE 2013 Part 2: Fair Lending
SAFE CE 2013 Fair Lending Chapter 1: Chapter One reviews the Home Mortgage Disclosure Act
and tips on maintaining compliance with Fair Lending Laws. It consists of the following sections:
Home Mortgage Disclosure Act
Tips for Compliance
Case Studies
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.
SAFE CE 2013 Fair Lending Chapter 2: Chapter Two reviews several cases filed by the
Department of Justice. It consists of the following sections:
Countrywide Financial Corp.
GFI Mortgage Bankers, Inc.
Midwest BankCentre
Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter Two.
MS SAFE CE 2013 Part 3: Ethics and Loan Fraud Ethics and Loan Fraud Chapter 1: Chapter One will introduce you to the definition of loan
fraud and different types of loan fraud. It consists of the following sections:
Introduction to Loan Fraud
Definition of Loan Fraud
Consequences of Fraud
Types of Fraud
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.
Ethics and Loan Fraud Chapter 2: Chapter Two will review the new requirements for mortgage
lenders and brokers regarding money laundering and loan fraud reporting. It consists of the following sections:
SARs Reporting
Anti-Money Laundering Rule
SARs Rule Reporting Requirements
How to File a SAR
SARs Statistics
SAR Scenarios
Case Study
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Two.
MS SAFE CE 2013 Part 4: Nontraditional Mortgage History of Nontraditional Lending and Current Trends Chapter 1: Chapter One introduces the
history of subprime loans. It consists of the following sections:
History
Examples
Predatory Lending
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter One.
History of Nontraditional Lending and Current Trends Chapter 2: Chapter Two covers the
current state of the market with regard to subprime lending and nontraditional mortgages. It consists of the following sections:
Types of Nontraditional Loans
Non 30-year Fixed
Adjustable Rate Mortgage
Your Responsibility
Balloon Loans
Chapter Quiz: 5 question quiz covering all of the material discussed in Chapter Two.
MS SAFE CE 2013 Part 5: Mississippi Mortgage Law Update MS Mortgage Law Update 2013 Chapter 1: Chapter One contains an overview of Mississippi
state law. It consists of the following sections:
Overview of Acts and State code
Definitions and Explanations
Renewals
Records
Chapter Quiz: 10 question quiz covering all of the material discussed in Chapter One.
MS Mortgage Law Update 2013 Chapter 2: Chapter Two covers prohibited practices and rights
of the commissioner. It consists of the following sections:
Business Requirements
Prohibited Acts
Lock-in Fees
Advertising
Penalties
More Rights of the Commissioner
License Suspension and Notification
Violations of Law; Cease and Desist Orders; Failure to Comply with Order; Civil Penalty
Subpoenas
Case Study
Chapter Quiz: 10 question quiz covering all of the material di scussed in Chapter Two.
MS Mortgage Law Update 2013 Chapter 3:
License Requirements and Limitations
Acquisition
Required Contents of Individual Borrower Files
Case Study
MS SAFE CE 2013 Course Final: 25 question final exam covering all of the material
discussed in the course. Course Evaluation: Students will be allowed to give feedback re garding the course. Course Schedule
This course consists of the five parts outlined below. The requirements for each part are listed with the approximate time needed to complete each learning module. This course meets the minimum time requirement of 50 seat minutes for each clock hour the course is approved. This course is approved as a twelve hour course and must be completed in its entirety in order for you to receive credit. Good Luck
Once again, thank you for choosing Praedo Institute. Your success is extremely important to us. Please let us know if we can be of assistance at any time. Enjoy the course!
Course Outline and Schedule Module SAFE CE 2013 Part 1: Federal Law Chapter 1 Chapter 1
Chapter 1
Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 3 Chapter 3 Chapter 3 Chapter 4 Chapter 4 Chapter 4 Chapter 4 Chapter 4 Chapter 4
Reading
Assignments Due
Instruction Time Allocation (Minutes)
Introduction
Attestation
5
Quiz Questions
20
Quiz Questions
15
Quiz Question
5
Quiz Questions
10
Quiz Questions Chapter Quiz Quiz Question
10 5 5
Quiz Question
5
Quiz Questions
25
Quiz Question
5
Quiz Questions Chapter Quiz
10 5
Quiz Questions
35
Quiz Questions Chapter Quiz
10 5
Quiz Question
5
Quiz Questions
10
Quiz Question
5
Quiz Questions
10
Quiz Questions
15
Quiz Questions
15
LO Compensation Rule Payments Based on Transaction Terms Reducing LO Compensation on a Transaction Other Compensation Issues Case Study N/A Advertising Commercial Communication Prohibited Representations Record Keeping Requirements Case Study N/A Ability to Repay and QM Rule Case Study N/A Why do we care about Fair Lending Department of Justice Consumer Financial Protection Bureau Fair Housing Act Equal Credit Opportunity Act Types of Discrimination
Chapter 4 SAFE CE 2013 Part 2: Fair Lending Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 SAFE CE 2013 Part 3: Ethics and Loan Fraud
N/A
Home Mortgage Disclosure Act Tips for Compliance Case Studies N/A Citywide Financial Corp. GFI Mortgage Bankers Midwest BankCentre N/A
Chapter Quiz
5
Quiz Question
6
Quiz Question Quiz Questions End of Chapter Quiz
4 40 5
Quiz Questions
25
Quiz Questions Quiz Questions End of Chapter Quiz
15 10 5
Quiz Question
5
Quiz Question
5
Quiz Questions
10
Quiz Questions Chapter Quiz Quiz Questions
20 5 15
Quiz Question
5
Introduction to Loan Fraud Definition of Loan Fraud Consequences of Fraud Types of Fraud N/A SARs Reporting Anti-Money Laundering Rule SARs Rule Reporting Requirements How to File a SAR SARs Statistics SARs Scenarios Case Study N/A
Quiz Questions
10
Quiz Question Quiz Questions Quiz Questions Quiz Questions Chapter Quiz
5 15 15 10 5
Chapter 1
History
Quiz Questions
10
Chapter 1
Examples
Quiz Questions
10
Chapter 1
Predatory Lending
Quiz Questions
15
Chapter 1
N/A
Chapter Quiz
5
Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 SAFE CE 2013 Part 4: Nontraditional Mortgage
Chapter 2
Types of Nontraditional Loans
Quiz Question
5
Chapter 2
Non 30-year Fixed
Quiz Question
5
Chapter 2
Adjustable Rate Mortgage
Quiz Questions
10
Chapter 2 Chapter 2 Chapter 2 SAFE CE 2013 Part 5: Mississippi Mortgage Law Update Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 1 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2 Chapter 2
Chapter 2
Chapter 2 Chapter 2 Chapter 2 Chapter 3
Your Responsibility Balloon Loans N/A
Overview of Acts and State Code Definitions and Explanations Renewals Records N/A Business Requirements Prohibited Acts Lock-in Fees Advertising Penalties More Rights of the Commissioner License Suspension and Notification Violations of Law; Cease and Desist Orders; Failure to Comply with Order; Civil Penalty Subpoenas Case Study N/A License Requirements and Limitations Acquisition
Activity 3 - Written Submission & Quiz Questions Quiz Questions Chapter Quiz
10 10
Quiz Question
4
Quiz Questions
15
Quiz Questions Quiz Questions End of Chapter Quiz
8 8 10
Quiz Question
4
Quiz Questions Quiz Question Quiz Question Quiz Question
11 3 4 4
Quiz Questions
7
Quiz Question
4
Quiz Question
4
Quiz Question Quiz Questions End of Chapter Quiz
4 5 10
Quiz Question
3
Quiz Question
3
20
Chapter 3 Chapter 3 SAFE CE 2013 Course Final Course Evaluation Total Course Time (Minutes)
Required Contents of Individual Borrower Files Case Study
Quiz Question
4
Quiz Questions
5
N/A
Course Final
20
N/A
Evaluation
5 720
