- Business Rules
1 Hour MN SAFE: 2019 Requirements and Prohibitions
The 1 Hour MN SAFE: Requirements and Prohibitions in Minnesota course meets SAFE Act continuing education requirements for licensed entities through review and analysis of Minnesota State requirements for mortgage origination licensing, lending, and advertising.
Please note that the SAFE Act specifically prohibits the taking of the same course in successive years.
Upon completion of this course, you will be able to:
- Restate Minnesota specific definitions, such as residential real property
- Explain Minnesota law on the lending authority of financial institutions related to residential mortgage lending
- Summarize the Minnesota Residential Mortgage Originator and Servicing Licensing Act
- Discuss the authority of the Minnesota Department Commerce to conduct examinations and investigations
- Outline the mortgage broker duties and an agency relationship with a borrower
- Know the interest rate and discount point agreements and net tangible benefit analysis to borrowers
- Know fee and charges permitted
- Illustrate the requirements for proper advertising standards
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
This course satisfies one hour of NMLS-approved Continuing Education training as an elective. Tuition for this course is $60.00 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 email firstname.lastname@example.org.