This 1 hour course on DC-specific continuing education fulfills the state elective requirement for annual renewal. Licensed mortgage loan originators in the District of Columbia must take a total of 8 hours each year, with 3 hours being dedicated to Federal law, 2 hours of ethics, 2 hours of non-traditional mortgage lending, and 1 hour of state-specific content.
We'll begin with a review of regulatory authorities and the adoption of the Mortgage Broker and Lender Amendment Act of 2009. Then the majority of the first module outlines prohibited practices under the Home Loan Protection Act. For the second half of the course, we'll realize remedies for bona fide errors and penalties for noncompliance, then discuss mortgage fraud warning signs and various case studies.
To promote comprehension, students will complete a 5-question quiz and short activity after each module. A 15-question final exam will wrap up the course.
Show Course ID: 1
- Course ID(s): 12026
- Approved By: NMLS
Mary Tillery, loan originator and Sales Manager at Guild Mortgage, in Grants Pass Oregon, has been actively involved in home lending since 1986. She has originated everything from first time homebuyers, to complex construction financing and reverse mortgages, besides all forms of more traditional lending. Mary combines her depth of knowledge with a sincere desire to know, love and serve her clients. She has been teaching home buying classes for 20+ years and loves to share her knowledge with not just her clients, but with people in the industry who are interested in growing.