1 Hour AZ SAFE: Arizona Mortgage Continuing Education

​​​​​​​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 AZ MLO license continuing education 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. 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 Deputy Director of the Arizona Department of Insurance and Financial Institutions (DIFI) 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 
2. Conduct Prohibited and Required by Law
3. DIFI Disciplinary Actions 
4. Final exam 

Total study time: 1 credit hour (50 minutes)

This course will prepare Arizona DIFI-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 Deputy Director of the DIFI.
• 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.