8 Hour Course
Show Course ID: 1
Course ID: 10749, 10775
Approved By: NMLS
The 8 hours of content in this course will fulfill all of the education needed to renew your Kentucky 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 this course will end with a 25 question final exam designed to test students on concepts from across the course.
We then focus in on Kentucky's laws and rules, beginning with information on licensing and renewals in Kentucky.
The bulk of the class focuses on the regulations licensed mortgage loan originators must abide by. Such topics discussed include prohibited acts and practices, the commissioner’s response to violations of statutes, and renewal information. Then, we will examine the Kentucky Residential Mortgage Fraud Act and see what constitutes as fraud and the repercussions of committing mortgage fraud.
The state portion of the course ends with a 15 question final quiz.