$54.00
- Format:Online Self-Paced
- Education Type:Professional Development
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
Description
Privacy rights are a significant concern for mortgage professionals who are involved in the solicitation, origination, processing, closing and servicing of mortgage loans. Multiple laws protect the privacy of borrowers, and violation of these laws can result in serious liability. This course reviews the privacy laws that protect borrowers from the time they receive a solicitation for a mortgage loan until their loans are repaid. It also discusses the actions that are necessary to maintain compliance with privacy laws, which are an ongoing concern for mortgage professionals.
What You'll Learn
- The importance of privacy protections in mortgage transactions
- Federal laws guiding privacy protection practices, from solicitation through servicing
- Requirements for proper disclosure to consumers about privacy rights, security methods for protecting information, and appropriate disposal procedures
What's Included
State Requirements
Professional development courses are not required by any state. These courses are designed to help you advance your career, grow your business and make the commitment to lifelong learning.