3 Hour NM SAFE Review of New Mexico Mortgage Law (OIL)

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$114.50
3 Credit Hours

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3 Hour NM SAFE Review of New Mexico Mortgage Law provides a review of New Mexico’s Mortgage Loan Company Act, Mortgage Loan Originator Licensing Act, and other laws that impact mortgage lending in the state. The course offers a thorough review of the regulatory scheme for mortgage professionals in New Mexico, including information about the Financial Institutions Division of the New Mexico Regulation and Licensing Department, important definitions, licensing laws and regulations for mortgage professionals, required conduct and prohibited practices, and disciplinary actions for violations of the law. This course meets the 3-hour New Mexico-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 New Mexico law.

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