1 Hour Course
Show Course ID: 1
Course ID: 10774
Approved By: NMLS
This course on Georgia-specific education fulfills 1 hour of annual continuing education for licensed MLOs in the state. A total of 8 hours must be completed each year, which includes 3 hours of federal law, 2 hours of non-traditional mortgage lending, 2 hours of ethics (including fraud, consumer protection, and fair lending issues), and 1 hour of Georgia-specific education. This is a stand-alone course, and can be taken either on its own or in connection to other courses offered to fulfill your CE requirements.
This course is broken down into 2 modules. Each module contains:
The course begins with information on licensing and renewals in Georgia, then moves into the regulations licensed mortgage loan originators must abide by. Such topics discussed include the regulatory aspects of mortgage journals, books, and records; various fines assessed by the Georgia Department of Banking and Financing; and the exemptions to licensing.
Students will also learn about the advantages and disadvantages of seller financing and surety bonds, as well as the implementation of Electronic Surety Bonds (ESB).
The course is completed with a final exam consisting of 15 questions randomly drawn from the class.