$79.00
- Format:Online Self-Paced
- Education Type:Continuing Education
- Line of Authority:N/A
- Language:N/A
- Credit Hours:4
Description
This course will review key compliance topics at the federal level. Covered issues include money laundering and digital currency, FCRA, the GLBA, HOEPA, high-cost and higher-priced mortgage loan rules, and beyond. Participants will learn about special considerations for nontraditional credit history, updated privacy rules, the AML challenges presented by cryptocurrency, and how to apply that knowledge in a mortgage lending context. NOT FOR NMLS CREDIT.
What You'll Learn
- Recognize several contemporary money laundering and mortgage fraud tactics
- Recall the key measures of federal anti-money laundering laws and regulations
- Discuss the connections between digital currency, money laundering, and mortgages
- Describe credit report basics and their role in evaluating potential borrowers
- Define underwriting guidelines that must be followed when using nontraditional credit history to establish creditworthiness
- Recall privacy requirements imposed by the Gramm-Leach-Bliley Act
- Identify high-cost mortgage loans and their requirements
- Identify special requirements and limitations for high-cost mortgages and higher-priced mortgage loans
What's Included
State Requirements
Approved course ID:202404