1 Hour NM SAFE: A Fresh Look at New Mexico Mortgage Law (OSP)

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$39.00
1 Credit Hour

Details

This course will focus on the laws and rules that regulate mortgage loan originators doing business in New Mexico. In Module 1, students will examine the authority of the New Mexico Financial Institutions Division and required conduct for mortgage licensees, including duties related to assessing borrower repayment ability and responsibilities of qualified managers. In Module 2, students will review prohibited practices for licensees under both the Mortgage Loan Originator Licensing Act and the Mortgage Loan Company Act. Students will also take a look at disciplinary action which may be taken when a licensee violates the law.This course satisfies the one-hour New Mexico-specific continuing education requirement for loan originators, as specified by New Mexico law.

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