3 Hour SAFE PE – ONLINE INSTRUCTOR LED Pennsylvania State Law

Course 3 Hour SAFE PE – ONLINE INSTRUCTOR LED Pennsylvania State Law
$87
$70

This course includes the following:
ONLINE PE – 3 Hour SAFE PE – Pennsylvania State Law (1885)

Since this course is an online instructor led (“OIL”) course, you will have access to instructors through office hours, forums and email.   You will be able to work on this course anytime and anywhere you have a high speed internet connection.

By NMLS specifications,you will have to pause and wait for instructor feedback at times during the course.   Our flexible system allows you to purchase and then wait as long as you want before starting any module. Once you enter a module, you will have three to five days to finish.

3 Hour SAFE PE – Pennsylvania State Law

Summary


Chapter 61 of Pennsylvania’s “Mortgage Loan Industry Licensing and Consumer Protection Act,” as amended by the “Mortgage Licensing Act of 2009,” states that Pre-Licensing Education must include 3 hours of State Law and Regulations consisting of a discussion of three laws.  This course discusses each of these laws in separate modules

Module 1:  Chapter 61 of the Mortgage Loan Industry Licensing and Consumer Protection Act

The Act provides for the regulation and licensing of mortgage originators (mortgage bankers/brokers, lenders, and loan correspondents); it expands the number of individuals who are required to be licensed as mortgage originators and requires them to register with the Nationwide Mortgage Licensing System & Registry (NMLSR)

Module 2:  The Housing Finance Agency Law (December 3, 1959; P.L.1688, No.621)

This law, enacted in 1959, created Pennsylvania’s Housing Finance Agency.   The Agency’s charge was to broaden the market for housing for low and moderate income families and elderly persons as a public corporation.   We discuss the agency as well as its mandated programs.

Module 3:  The Loan Interest and Protection Law (January 30, 1974; P.L.13, No.6)

This module covers Pennsylvania’s definitions and rules for the maximum lawful interest rate & legal interest rate, exceptions to the maximum lawful interest rate, protective provisions, remedies and penalties and other general provisions

Learning Objectives

Upon successful completion of this course you will have a strong understanding of Chapter 61 of the Mortgage Loan Industry Licensing and Consumer Protection Act and, more importantly, all of the major amendments implemented by the Mortgage Licensing Act of 2009.  You will also have an understanding of The Housing Finance Agency Law and The Loan Interest and Protection Law.

Course 3 Hour SAFE PE – ONLINE INSTRUCTOR LED Pennsylvania State Law
$87
$70

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