This course includes the following:
ONLINE PE – 2 Hour Online SAFE PE – Tennessee State Law (3615)
2 Hour Online SAFE PE – Tennessee State Law
This course covers Tennessee law and regulations pertaining to mortgage lending, loan servicing and loan brokering, in addition to rules regarding high-cost home loans. The following laws will be covered in the course:
• TRLBSA § 45-13 – Tennessee Residential Lending, Brokerage and Servicing Act
• THLPA § 180-17 – Tennessee Home Loan Protection Act
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: Licensing. Discusses licensure requirements for both mortgage brokers and MLOs, in addition to license maintenance standards.
Section 3: Duties and Prohibited Acts. Details duties required of MLOs, prohibited conduct and investigation process.
Section 4: High-cost Loans (THLPA) Compliance. Discusses prohibited acts for making high-cost residential mortgage loans.
Section 5: Enforcement and Penalties (THLPA). Discusses default and foreclosure processes, due diligence, penalties, compliance failure and the commissioner’s investigation authority.
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 Tennessee.