2 Hour CO SAFE Review of Colorado Mortgage Law (OIL)

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2 Credit Hours


2 Hour CO SAFE Review of Colorado Mortgage Law provides a review of the laws that impact mortgage activities in Colorado. In Module 1, students will spend 6 minutes reviewing the authority of the Colorado Department of Regulatory Agencies, specifically its Division of Real Estate and Board of Mortgage Loan Originators. Students will spend 12 minutes examining definitions important for understanding the law and 42 minutes reviewing information on license qualifications and the application process. In Module 2, students will spend 48 minutes reviewing compliance issues for Colorado mortgage loan originators. Finally, students will spend 12 minutes learning about disciplinary action that may be taken when violations have occurred. This course meets the 2-hour Colorado-specific pre-licensing education requirement for loan originators and offers a thorough review of the information and laws that license applicants must understand in order to make, broker, or originate loans in compliance with Colorado law.

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