This course (course # 11779) was developed to meet the 2 Hr CA-DFPI state law preliminary education requirement for your NMLS license! This is a convenient online course that you take at your own tempo and can stop and start at anytime.
CA-DFPI 2 Hr State Law PE (online self-study)
$69
Description
COURSE DESCRIPTION:
This is a self paced course that you can begin at any time and complete on your schedule. The course purpose is to satisfy NMLS Individual Elective Course State Agency Specific (California) pre-licensure education.
LEARNING OBJECTIVES:
- Understanding the two California laws governing MLO licensees
- Understanding the California regulations set forth to further promulgate the law
- Understanding MU forms
- Familiar with mission & history of DFPI
- Definition of Finance Lender & Broker
- Understanding Surety Bond
- Requirements for sponsoring MLO
- Licensing requirements
- State licensed mortgage business obligations
- Familiar with CRMLA definitions and requirements
- Familiar with CRMLA exemptions
- Understand the Loan Brokerage Agreement
- Borrower & Licensee written agreement
- Commissioner requirements for accepting application for MLO license
WHO SHOULD ATTEND:
Any mortgage professional needing to satisfy their CA-DFPI 2 hr state law requirement.
GRADUATION:
Upon successful course completion, your credits will be posted with NMLS within 2 business days.