2 Hour PE Mortgage Education – New Hampshire

2 Hour PE Mortgage Education – New Hampshire 

$69 $59      

This Course Includes: 

  • OIL – 2 Hour Online NH SAFE PE – New Hampshire State Law (5112)

Overview 

This 2 hour course covers New Hampshire law and regulations relevant to Mortgage Loan Originators (MLOs) and is structured to reflect the outline of the New Hampshire Notice regarding New State-Specific Pre-Licensure Requirements. This course covers New Hampshire Mortgage law that must be met as a condition for obtaining a MLO license with the New Hampshire Banking Department (NHBD) beginning January 1, 2015.

Format

Online Instructor Led (“OIL”). This education is delivered in the Online Instructor Led format as required by the NMLS for online Pre-Licensure (“PE”) education. It is available on our website through any internet connection.

Important NMLS specifications include:

• Defined start and end dates (See Course Calendar at top of page).

• Interaction with the instructor and students through forum activities

• Progression as a cohort.  At times you will wait for instructor feedback before continuing.

(Note: This is not an “Self-Study” course and does not allow for study at any pace or without instructor/classmate interaction)

Our Unique Modular Lesson Plan.   We offer a unique experience by breaking our course down into modules of 2 and 5 hours, each of which can be started at any of defined start times in the course calendar.   A couple of example study plans may be:

• Example A:  A person new to the industry decides to progress in the recommended order over a two week period.

• Example B:  An industry veteran finishes all 20 hours in three days, taking the federal law courses first.

Description

The course is divided into five sections:

Section 1: Overview and Definitions. Outlines the purpose and authority of each law and sets forth definitions used throughout both laws.
Section 2: New Hampshire Banking Department. Covers the New Hampshire Banking Department, its authority as a regulatory arm and the banking commissioner who leads the department ensuring compliance.
Section 3: License Law and Regulation. Covers prohibited acts and practices with respect to lending and broker activity and usury statutes.
Section 4: Compliance. Covers permitted charges, high rate/high point loans, funded settlements, financial privacy, trigger lead solicitations and home loan escrow accounts.
Section 5: Disciplinary Action. Covers non-discrimination, debt protection agreements, reverse mortgages, the New Hampshire Consumer Fraud Act, fair credit reporting and unlicensed loan transactions.

Learning Objectives

Upon successful completion of this course you will have a strong understanding of the laws and regulations specific to mortgage loan originators and lenders in the state of New Hampshire.

New Hampshire Banking Department

New Hampshire Banking Statutes
Title XXXV Banks and Banking; Loan Associations; Credit Unions
Chapter 383, Bank Commissioner

New Hampshire Banking Statutes
Title XXXV Banks and Banking; Loan Associations; Credit Unions
Chapter 397-A: Licensing of Nondepository Mortgage Bankers and Brokers