8 Hour Course
Show Course ID: 1
Course ID: 10749, 10774
Approved By: NMLS
The 8 hours of content in this course will fulfill all of the education needed to renew your Georgia license.
This course is broken down into 5 modules. Each module contains:
The first module of the course focuses on federal laws and rules that apply to mortgage loans and mortgage loan originators. The federal regulations addressed in this portion of the course include the SAFE Act and the TILA-RESPA rule.
The second module of the course will cover ethics and consumer protection. Aside from ethics and ethical duties, this portion of the course will also talk about fraud in mortgage lending and fair lending practices.
The third module of the course will discuss non-traditional mortgage loan products like adjustable rate mortgages and reverse mortgages. Not only will this segment examine these types of mortgages, it will also look at some of the regulations governing them.
The national portion of the course will end with a 25 question final exam designed to test students on concepts from across the course.
Next, we will look at state-specific information. This second portion of 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 ends with a 15 question quiz on Georgia's laws and rules.