1 Hour CT SAFE: 2020 Nonprime and High-cost Loans #11850

In this course, we will examine how state laws restrict nonprime and high-cost home loans. Connecticut has established that mortgage fraud is a criminal offense. Let's look at how these laws affect business practices and encourage consumer protections. As a mortgage professional, ongoing knowledge of these requirements increase consumer protection awareness and maintain your good standing as licensed mortgage loan originator (MLO) in Connecticut.

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Please note that the SAFE Act specifically prohibits the taking of the same course in successive years.

Agenda

Upon completion of this course, you will be able to:

  • Recognize the Connecticut requirements for nonprime home loans
  • Determine when a high-cost home loan meets Connecticut requirements
  • Identify origination mortgage fraud and its implications

Download Agenda

Delivery 

Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles and real-world examples, with audio and/or video recordings of industry experts.

The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. This course will take no less than one hour to complete.

Tuition and Registration 

Tuition for this course is $63.00 and includes the Credit Banking and Admin Fee applicable to this course.

Students have until December 31 in the year in which the course is purchased to complete the course.

You may complete the course at any time during this period. However, course providers are afforded seven calendar days to credit the student’s NMLS account following successful completion of the course. It is strongly advised that you complete the course at least one week prior to the December 31 deadline.

NOTE: The SAFE Act specifically prohibits the taking of the same course in successive years.

For more information or to register by phone, call your Regional Account Executive at (800) 848-4904 or visit http://elliemae.com/allregs.