1 Hour DC SAFE CE: DC Mortgage Lenders and Brokers Act

Product Code: ISFWB-11-003-003, Individual Continuing Education Online Course; NMLS Course Number: 1679

NMLS banking fees included with your AllRegs SAFE Act Training registration.

AllRegs Academy’s 1 Hour DC SAFE CE: DC Mortgage Licensing Act satisfies 1 hour of DC specific NMLS approved continuing education in the Elective category.

Are you a State Licensed Mortgage Loan Originator in Washington, D.C., and still need to satisfy your NMLS training?

This self-study course is designed to teach students the purpose and scope of the DC Mortgage Lender, Mortgage Brokers and Mortgage Loan Originators Act. The course will clarify key terms as they pertain to the mortgage loan business in the District of Columbia and review the specific requirements of the Act including the requirements for mortgage lenders, mortgage brokers and mortgage loan originators. Students attending the course will know how the District of Columbia Mortgage Lenders, Mortgage Brokers and Mortgage Loan Originators Act impacts their requirements for obtaining and maintaining licensure to conduct mortgage lending business in the District of Columbia. Please note that the SAFE Act specifically prohibits the taking of the same course in successive years.

• View the NMLS Approval Letter for this course.
• View AllRegs' NMLS Course Provider Approval.
• To find out more about your state requirements, visit AllRegs' Continuing Education Resources.
• What CE Training Solution is Right for You and Your Company? Click here to view our comparison grid »

Learning Goals & Objectives

Upon completion of this course, you will be able to:

• Review the Nationwide Mortgage Licensing System (& Registry) “NMLS”
• Define key terms
• Identify licensing requirements and exemptions
• Recognize lender requirements and restrictions
• Identify licensing process and requirements
• Identify penalties and enforcement of non-compliance
• Recognize relationship to other laws

Course Topics/Outline

During the course the following topics will be covered:

• Nationwide Mortgage Licensing System & Registry (NMLS)
• State Participation
• NMLS Portal
• District of Columbia Statute Citations and Authority
• Application of the D.C. Mortgage Lenders and Brokers Act
• Purpose of the D.C. Mortgage Lenders and Brokers Act
• Key Terms
• Licensing Requirements
• Licensing Exemptions
• Lender Requirements and Restrictions
• Mortgage Loan Application
• Lock-in Agreements
• Written Commitments
• Record Retention Requirements
• Lender Authority
• Lender Prohibitions
• Broker Authority
• Mortgage Loan Requirements (Primary and Subordinate)
• Entity Licensing Process and Requirements
• Renewal Requirements
• Application for License
• License Issuance Requirements – Lender
• License Issuance Requirements – Broker
• License Issuance Requirements – Dual Authority Entities
• License Issuance Requirements – Mortgage Originator
• Pre-licensing Education (PE) and Continuing Education (CE)
• Pre-licensing Exam
• License Fees
• Issuance of a License
• Notification of Significant Events
• Out-of-State Applicants
• Denial of a License for Lenders, Brokers and Dual Authority Entities
• Denial of a License for Mortgage Loan Originator
• License Duration
• Licensee Requirements
• Licensee Limitations
• Surrender of License
• Authority of Department
• Management of Complaints
• Suspension or Revocation Notification
• Penalties and Enforcement
• The Mortgage Lenders and Brokers Act and Other Laws

Target Audience

• Washington, D.C. Licensed Mortgage Loan Originators
• Loan Originators
• Loan Officers
• Mortgage Brokers

Course Delivery

Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles and real world examples, with audio and/or video recordings of industry experts.

The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. This course will take no less than one hour to complete.

Tuition & Registration

This course satisfies one hour of NMLS-approved Continuing Education training in the district of Washington DC.

Tuition for this course is $27.00 and includes the Credit Banking and Admin Fee applicable to this course.  View full list of Continuing Education courses available for individual purchase.

Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.

NOTE: The SAFE Act specifically prohibits the taking of the same course in successive years.

For more information or to register by phone, call your Regional Account Executive at (800) 848-4904 or email sales@allregs.com.