Approved Course Number - 11642
Course Cost $55.00 + Banking Fees at $1.50/Course Hour = $58.00
This online course is designed to meet your Pre-licensing education requirements in the state of which you have chosen. You may also need to complete the federal 20-hour SAFE Act requirement to gain your license.
2-Hour ID PE Online
This class from the 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.
Meet Your Instructors
Sawyer came to The Knowledge Coop shortly after graduating with a degree in Business Administration from Biola University. He has lived in Europe and North Africa and speaks French Fluently. Sawyer has also been involved in the Real Estate and Property Management industries. Sawyer enjoys problem-solving, thinking creatively, and strives to bring that to bear on a daily basis at the Knowledge Coop through creating engaging content.