%202%20Hour%20PE%20Cover.jpg)
This class from Knowledge Coop covers a variety of NMLS-approved topics while covering the provisions that specify what makes fraud against a financial institution, which includes mortgage brokers/lenders, by an employee of the financial institution a specific category of financial fraud, and identify the consequences of this type of fraud. You'll understand the general difference between statutory compliance and Underwriting / Quality Control. We'll articulate the disclosure requirements when using social media or other mediums for advertising under the IRMPA and other applicable law.
You'll know that the NMLS Unique Identifier requirements apply to all licensees, not just originators. We'll discuss how the licensee’s receipt of the borrower’s request for credit constitutes an application under the IRMPA and other applicable law. You'll understand how any Idaho specific disclosure requirements that are tied to application timelines may not necessarily align with federal disclosure requirements. We'll identify the prohibitions in the IRMPA that apply to both company and individual licensees that have no counterparts in federal law or regulation (e.g. prohibitions against violations of, or misrepresentations regarding, SAFE Act education and testing requirements). We'll explain the requirements for branch versus individual licensure. Finally, we'll look at case studies from your state.
