+ $1.50 NMLS Credit Banking Fee
|Purpose:||1-hour Idaho state-specific course for DOF-licensed mortgage loan originators|
|Features:||online text, printable certificate, PDF eBook|
|Category:||Mortgage > Continuing Education > Idaho > CE Elective|
7405 SW Beveland Rd,
Portland, OR 97223
1-hour Idaho state-specific course for DOF-licensed mortgage loan originators
NMLS Course ID: 10752
NMLS Sponsor ID: 1400327
The Director of the Idaho Department of Finance (DOF) requires mortgage licensees in this state to take a one-hour course on Idaho mortgage lending rules as part of the licensees' annual continuing education requirement for license renewal. This course covers Idaho mortgage topics for licensee continuing education.
The first module of this course describes the organization of the Department of Finance and reviews several mortgage definitions outlined by the Idaho Residential Mortgage Practices Act (IRMPA). We'll also summarize the Idaho regulations relating to initial mortgage loan originator licensing and how to maintain an active license.
The second module explains the acts and practices that are prohibited for mortgage loan originators to participate in. We'll discuss the maximum points and fees that can be charged to a borrower, describe the disciplinary actions that can be taken against licensees, including fines, and finally we'll summarize the Idaho Financial Fraud Protection Act (IFFPA) and its interpretation of financial fraud.
This course consists of two modules and a final exam:
Total study time: 1 clock hour
This course will prepare Idaho-licensed MLOs to:
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:
If you do not have an NMLS ID and need to obtain one, use the instructions available in the NMLS Resource Center.
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.