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1 Hour AZ SAFE: Arizona Mortgage Regulations

Arizona CE 1 Hour Online Self-Study CE Elective

1-hour Arizona state-specific course for AZDFI-licensed mortgage loan originators

This 2020 course meets the AZDFI state-specific requirement for MLO annual license renewal.
$19.50
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Included Standard:

Online Course Online Audio Printable Certificate PDF & EPUB eBook

Online Course

All learning is online. Start immediately. Learn on your own schedule.

Online Audio

Read-along audio plays the course text back to you.

Printable Certificate

Download and print your own certificate.

PDF & EPUB eBook

Includes PDF/EPUB eBook of all reading material for your tablet or Kindle.

This 1-hour course focuses on Arizona mortgage licensing laws, prohibited conduct, and the Arizona Department of Financial Institutions (AZDFI) available disciplinary actions for those who are discovered to be engaging in prohibited conduct

Please review the Course Syllabus for details about this course.

This course satisfies 1 hour of required continuing education for Arizona licensed mortgage loan originators. This course is approved by the NMLS. A valid NMLS ID number is required to receive credit for this course. Certain states may have additional requirements beyond what this course provides. Be sure to check with your state to see if this course meets your needs.

This course is new for 2020 and meets the SAFE Act's "successive years" rule.

Summary

Price: $19.50 (USD)
+ $1.50 NMLS Credit Banking Fee
Hours: 1 Hour
Category: Mortgage > Continuing Education > Arizona > CE Elective
Purpose: 1-hour Arizona state-specific course for AZDFI-licensed mortgage loan originators
Features: Online Text, Online Audio, Printable Certificate, PDF eBook

Courses Provided By:

OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Terms of Service:

Purchase of this package requires that you read and acknowledge a Terms of Service agreement before receiving credit for any courses contained in this package. Please review the following:

1 Hour AZ SAFE: Arizona Mortgage Regulations

NMLS Course ID: 11720

NMLS Sponsor ID: 1400327

Hours Provided: 1

Category: CE Elective

View Course Syllabus

This course will cover several fundamental state regulations that Arizona mortgage licensees must be familiar with. Reviewing important laws in Arizona's residential mortgage loan industry will ensure that mortgage professionals are compliant with the state's expectations of behavior.

This course will cover three topics. The first module of the course will review the basic experience requirements for mortgage loan originator licensing, mortgage broker licensing, and mortgage banker licensing. The reasons as to why a license can be revoked or rejected will also be explained.

The second module of this course will outline prohibited activities with regard to all three license types. There are some activities that are not permitted for all license categories, but then there are also activities that are specifically restricted based on how the person is licensed. It is important to understand what conduct is allowed and is not allowed.

The third module of this course specifically covers the disciplinary actions that are available to the Superintendent of the Arizona Department of Financial Institutions (AZDFI) for detected violations of the mortgage law.

Topics and Learning Objectives

This course is broken down into several learning topics. At the end of the course a 15-question final exam will be given. The topics included in this course are:

  1. Mortgage Lending License Categories (15 minutes)
  2. Conduct Prohibited and Required by Law (15 minutes)
  3. AZDFI Disciplinary Actions (10 minutes)
  4. Final exam (10 minutes)

Total study time: 1 credit hour

This course will prepare Arizona DFI-licensed MLOs to:

  • outline how an individual qualifies for each of the three residential licensing categories available in Arizona.
  • describe how an individual can consequently be denied a license for each of these three licensing categories.
  • understand what conduct is prohibited for those licensed under each of the three licensing categories.
  • identify the expected conduct relating to escrow accounts and private investors.
  • recognize the disciplinary powers of the Superintendent of the AZDFI.
  • identify the felony classes that are assigned to lending violations.

NMLS ID Required

You must have an NMLS ID to receive credit for this course. You will need this number before you begin the course.

If you already have an NMLS ID but don't remember what it is:

  • Login into NMLS
  • Click on the Composite View tab.
  • Click View Individual on the sub-header row.
  • The number that appears in parentheses after your name is your NMLS ID number.

If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center

This course will remain available to students for 365 days after enrollment.

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.