This Course Includes:
- 1 Hour Online KY SAFE CE – Kentucky Mortgage Professional’s Rulebook (6844) – O
This course covers Kentucky Law relevant to Mortgage Loan Originators (MLOs) and meets the continuing education requirements for the state of Kentucky. During this 1-hour course covering Kentucky mortgage law, we will cover several laws including: Kentucky Revised Statutes in KRS 286.8, updated laws in HB 106 and Usury 360-100 on predatory lending and high-cost home loans.
The course is divided into five sections:
Section 1: Kentucky Department of Financial Institutions – Covers the regulatory authority of the department, its jurisdiction and the department/agency organization.
Section 2: State Law/Regulation and Definitions – Summarizes KRS 286.8 and 360-100, mortgage loans, fees, HB 106 and the SAFE Act and associated regulations as well as the definitions related to these laws that are specific to Kentucky.
Section 3: Kentucky Licensing – Covers general requirements for licensing in Kentucky including and responsibilities for license maintenance, surety bonds, application requirements and exemptions..
Section 4: Compliance – Details prohibited conduct, required conduct, fees and charges, disclosures, agreements and advertising
Section 5: Disciplinary Action – Discusses notifications, hearings, appeals, suspension, revocation and rescission of licenses as well as penalties/fines and civil/criminal liability
Upon successful completion of this course you will have a strong understanding of several of the laws and regulations specific to mortgage loan originators and lenders in the state of Kentucky.