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8 Hours of 2019 Arizona MLO Continuing Education

Complete this 8-hour package to meet Arizona mortgage loan originator continuing education requirements. OnlineEd offers convenient and affordable MLO classes.

$50.50

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Includes Video
Printable Certificate
PDF & EPUB eBook
Read-Along Audio MP3
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At A Glance:

Price: $50.50 (USD)
+ $12.00 NMLS Credit Banking Fee
Purpose: Complete 8 hour package for Arizona MLO licensees. Includes the 1-hour AZDFI state specific course.
Features: online text, online video, printable certificate, PDF eBook
Hours: 8 Hours
Category: Mortgage > Continuing Education > Arizona
Sponsor /
Delivery:
OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Courses Included:

Terms of Service:

Complete 8 hour package for Arizona MLO licensees. Includes the 1-hour AZDFI state specific course.

This package of courses includes the required continuing education necessary to renew a mortgage loan originator's license in the State of Arizona. The Arizona Department of Financial Institutions (AZDFI) requires licensees to take a total of 8 hours of continuing education each year: 7 hours in SAFE Act required topics, and 1 hour in AZ-specific law and regulations.

Included in this AZ MLO license continuing education course package are:

  1. 1 Hour AZ SAFE: Arizona Mortgage License Regulations (NMLS ID 10689) - This course goes over Arizona mortgage licensing regulations. The topics covered in this course include the basics of Arizona MLO, mortgage broker, and mortgage banker licensing; lists prohibited activities; and reviews AZDFI disciplinary actions. Please review the Course Syllabus for details about this course.

  2. 7 Hour SAFE Core: 2019 Originator Fundamentals (NMLS ID 10691) - This course covers the required topics as mandated by the federal SAFE Act for annual NMLS mortgage license renewal. The topics in this course are the TILA/RESPA Integrated Disclosure, RESPA Section 8 and Marketing Service Agreements, and ECOA [3 hours federal law]; Identity Theft Rules, Telemarketing Sales Rules, and SARS [2 hours ethics]; and the VA home loan guarantee [2 hours mortgage loans]. Please review the Course Syllabus for more details about this course.

These courses are new for 2019 and meet the SAFE Act's "successive years" rule.



This Package Includes:

1 Hour AZ SAFE: Arizona Mortgage License Regulations

NMLS Course ID: 10689

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)

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.

Total study time: 1 clock hour

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 purchase.

7 Hour SAFE Core: 2019 Originator Fundamentals Additional video content is included

NMLS Course ID: 10691

NMLS Sponsor ID: 1400327

Hours Provided: 7

Category: Comprehensive

View Course Syllabus


This California NMLS continuing education course will instruct mortgage loan originators on a number of regulations that they will have to comply with while taking part in their mortgage loan origination activities. Rules, such as those implemented by the Dodd-Frank Wall Street Reform and Consumer Protection Act, are set in place to protect the interest and well-being of consumers who apply for mortgages to purchase or refinance their properties. To ensure that their business practices satisfy the regulations adopted by federal laws, mortgage loan originators need to keep current on the guidelines published by entities such as the Consumer Financial Protection Bureau (CFPB).

Topics and Learning Objectives

This California NMLS continuing education course consists of three sections and an end-of-course final exam:

  1. Federal Mortgage Related Laws
  2. Ethical Treatment of Consumers
  3. The VA Home Loan Program
  4. Final Exam

Total study time: 7 hours

Module 1: Federal Mortgage Related Laws

Study Time: 3 clock hours (150 minutes of federal law)

  • TILA-RESPA Integrated Mortgage Disclosures Rule (TRID)
  • Other TILA Requirements for Mortgage Loans 
  • RESPA Section 8 Summary 
  • The Equal Credit Opportunity Act (ECOA)

In the first module of this course we'll review the TILA-RESPA Integrated Disclosure (TRID), covering the loan disclosure requirements of the Truth in Lending Act (TILA, 12 CFR 1026) and the Real Estate Settlement Procedures Act (RESPA, 12 CFR 1024). We'll review the types of loans the regulations are applicable to, the rate tolerances and permitted fees allowed by the rules, and changes that can be made to the Loan Estimate and Closing Disclosure. We'll also review Marketing Service Arrangements (MSAs) and the Equal Credit Opportunity Act (ECOA, 12 CFR 1002).

Module 1 Objectives

When you have completed this module, you will be able to:

  • review the permissible fees and finance charges permitted under the Truth In Lending Act (TILA), codified as Regulation Z, and the Real Estate Procedures Act (RESPA), codified as Regulation X.
  • explain actions that must be taken when when finance charges on the initial Loan Estimate are overstated or understated.
  • outline the types of loans that are applicable to complying with the Integrated Disclosure Rules.
  • list additional Regulation Z regulations regarding open-ended and closed-ended credit.
  • recognize the risks associated with Marketing Services Agreements (MSAs) and potential RESPA violations.
  • examine the Equal Credit Opportunity Act, codified as Regulation B, and its rules relating to requesting information, evaluating applications, and extending credit.

Module 2: Ethical Treatment of Consumers

Study Time: 2 clock hours (100 minutes of ethics, fraud, and consumer protection)

  • Identity Theft Rules
  • Telemarketing Sales Rules
  • BSA/AML Suspicious Activity Report Filing Requirements

The second module is written with a focus on consumer protection. We'll outline the Identity Theft Rules, 16 CFR 681, and the requirements covered entities have with protecting their customer's accounts. Then we'll examine the Telemarketing Sales Rules, 16 CFR 310, outlining deceptive and abusive practices when soliciting for business by cold-calling consumers. Finally, we'll summarize the BSA/AML Suspicious Activity Report filing requirements.

Module 2 Objectives

When you have completed this module, you will be able to:

  • describe the FTC's Identity Theft Rules, which entities are required to comply with the rules, and the requirements for covered entities to establish an identity theft prevention program.
  • summarize the prohibited deceptive and abusive acts as outlined in the Telemarketing Sales Rules.
  • describe the information that should be included on a preliminary suspicious activity report.
  • recognize the penalties for failing to comply with Suspicious Activity Report filing requirements.

Module 3: The VA Home Loan Program

Study Time: 2 clock hours (100 minutes of non-traditional mortgage)

The third module covers unique mortgage product solutions for unique customers. This year we will examine the Department of Veteran Affairs VA home loan guaranty program, covering topics such as eligibility, occupancy requirements, refinances, underwriting, and how the guaranty benefits lenders.

Module 3 Objectives

When you have completed this module, you will be able to:

  • Outline people, property and purposes that are eligible for VA loans.
  • Describe the various aspects of VA loans, including entitlement, guaranty, IRRRLs, and funding fees.
  • Explain what a lender must consider when underwriting a VA loan.

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 purchase.

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.
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: