- Format:Classroom
- Education Type:Continuing Education
- Line of Authority:N/A
- Language:N/A
- Credit Hours:1
Consumers rely on the guidance of mortgage professionals as they navigate the loan process. Whether for a first-time home purchase or a refinance‚ most consumers only get a mortgage loan a couple of times over the course of their lives. As the industry changes‚ regulations emerge‚ and available products appear‚ adjust‚ or fade away‚ borrowers will turn to their mortgage loan originator to help keep them informed. Staying aware of the requirements that apply to loan transactions in their state is the best way for licensees to maintain a successful‚ compliant track record. This course will review the laws and regulations that apply to mortgage professionals doing business in Arizona. This text will use requirements of the state laws as they are set forth in the Arizona Revised Statutes (ARS) and the Arizona Administrative Code(AAC).
What You'll Learn
- Recognize the authority of the Department of Financial Institutions over Arizona mortgage professionals
- Recall standards of required conduct for licensees in the state
- Discuss the electronic closing process in Arizona
- Identify prohibited acts and practices in Arizona
- Define acts of mortgage fraud according to the laws of the state
- Recognize the disciplinary consequences of violating the law
What's Included
State Requirements
Approved course ID:17023