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$39.00
  • Format:Online Self-Paced
  • Education Type:Continuing Education
  • Line of Authority:N/A
  • Language:N/A
  • Credit Hours:1
Description

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 Massachusetts. This text will use requirements of the state laws as they are set forth in the Massachusetts General Laws (M.G.L.) and the Code of Massachusetts Regulations (CMR).

What You'll Learn

  • Recall minimum standards of license maintenance for Massachusetts mortgage professionals
  • Recognize standards of required conduct for licensees in the state
  • Define special requirements for high-cost mortgage loans
  • Recognize prohibited acts and practices for Massachusetts licensees
  • Define requirements for making reverse mortgage loans
  • Recall the disciplinary consequences of violating the law

What's Included

Approved course ID:17070