This Course Includes:
- OIL – 2 Hour Online CO SAFE PE – Colorado State Law (6010)
This course covers Colorado relevant to Mortgage Loan Originators (MLOs). The course is designed to help you understand the specifics of Colorado law and assist you in preparing for the licensing exam. We will provide you with references as to where to find more details on pertinent parts of the law.
The course is divided into five sections:
Section 1: Colorado Department of Regulatory Agencies – Covers the Regulatory authority, structure, and responsibilities and limitations of the Colorado Division of Real Estate and the Department / Agency Structure of Board of Mortgage Loan Originators.
Section 2: Colorado Law and Regulation Definitions – Provides a review of the unique definitions found in the Mortgage Loan Originator Licensing Act and other Colorado Law and Regulation.
Section 3: Colorado License Law and Regulation – Covers persons required to be licensed, licensee qualifications and the application process, the grounds for denying a license and license maintenance.
Section 4: Compliance – Details prohibited conduct and practices, required conduct, fees and costs, written contracts and advertising.
Section 5: Disciplinary Action – Discusses notifications, hearings and appeals, then suspension, revocation and rescission of licenses, and finally, penalties/fines and civil and 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 Colorado.