PRELIMINARY EDUCATION - NEW YORK
3 Hour NY Mortgage Law
Course ID # 4028
(with test prep)
PE – Elective
The Secure and Fair Enforcement Mortgage Licensing Act requires all states to implement a mortgage loan originator licensing process. The New York Legislature responded by passing New York Banking Law Article 12-E, Licensed Mortgage Loan Originators. This three-hour course was designed to meet the requirements as set out in Article 12-E. It also examines other laws and regulations in the State of New York related to consumer protection that affect the mortgage industry in general and mortgage loan originators specifically. It introduces the Banking Department and describes the scope of its authority. It also discusses specific New York law related to the licensing and activities of mortgage bankers, mortgage brokers, and mortgage loan originators.
NMLS ID # REQUIRED - PLEASE READ
YOUR NMLS ID # IS REQUIRED TO REGISTER FOR COURSES. PLEASE HAVE THIS NUMBER READY. IF YOU DO NOT HAVE AN NMLS # CLICK HERE TO OBTAIN ONE PRIOR TO PROCEEDING TO ENROLL.