1 Hour MA SAFE: Massachusetts Mortgage Law Updates

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1 Credit Hour


This course will focus on the laws and rules that regulate mortgage loan originators, lenders, and brokers doing business in Massachusetts. Throughout this course, students will review fictionalized scenarios based on real regulatory decisions made by the Division of Banks in recent months, paired with a discussion of the relevant sections of Massachusetts law and regulations. In Module 1, students will review standards for maintaining a license and other required conduct related to fees and charges, advertising, disclosures, recordkeeping, and high-cost loans. In Module 2, students will look at prohibited conduct for licensees, as well as disciplinary action that may be taken when violations of the law occur. Students will also review provisions of the law related to reverse mortgages.

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